Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    121 Midway Dr Cornelia, GA 30531
    Back to Search
    Property profile & analytics

    121 Midway Dr Cornelia, GA 30531

    View on Map
    • Commercial real estate
    • 5,136 SF
    • 0.80 lot acres
    For Sale
    $790,000
    View Listing →
    Versatile Commercial Space in Cornelia For Sale
    $790,000
    4,992 SF

    Versatile Commercial Space in Cornelia

    Expansive 4,992 SF commercial space suitable for various business needs.

    121 Midway Dr, Cornelia, GA
    View Listing
    Property ID
    US22-3589294
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 121 Midway Dr

    Year built
    2017
    Construction
    FRAME
    Lot size
    0.80 lot acres
    Property size
    5,136 SF
    Zone code
    HI
    Property type
    Commercial real estate
    APN
    080 042F
    APU
    080042F

    Description

    This exceptional 4,992 square foot multi-use office building presents a unique opportunity for businesses seeking a prominent location in Cornelia, Georgia. Situated on a 0.8-acre lot at 121 Midway Drive, this four-sided brick structure offers unparalleled versatility. Its prime location ensures easy access to major highways and the Habersham County Airport, placing your business within easy reach of clients and employees. The expansive interior is currently configured as an operations/training facility, but its flexible layout allows for seamless adaptation to a wide range of business needs. Imagine a reception area welcoming clients, private offices for focused work, collaborative workspaces fostering teamwork, a dedicated conference room for presentations, a training room for employee development, and a comfortable breakroom for staff relaxation. The ample square footage provides room for growth and expansion, allowing your business to thrive and flourish. This property offers a blend of functionality, accessibility, and a strategic location, making it an ideal investment for discerning businesses seeking a strong foothold in a vibrant commercial area. The building's robust construction and prime location promise a stable and successful future for your enterprise. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $670,000
      ML approach
      $670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $669,000
      Market price range: $279k - $670k
      AI Estimate
      $725,000
      Market price range: $220k - $726k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cornelia
    County
    Habersham
    State
    Georgia
    Longitude
    -83.5511
    Latitude
    34.5461
    CBSA code
    18460
    CBSA name
    CORNELIA, GA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,331
    $41,600
    $240,860
    $282,460
    -
    $104,000
    $602,150
    $706,150

    Comparable in this City

    • Value Estimation by Request
      5,352 SF

      131 Hodges St

      COMMERCIAL (GENERAL) • 5,352 SF
      131 Hodges St, Cornelia, GA 30531-3254
      View Details
    • Value Estimation by Request
      8,069 SF

      156 Level Grv Rd

      COMMERCIAL (GENERAL) • 8,069 SF
      156 Level Grv Rd, Cornelia, GA 30531-3273
      View Details
    • Value Estimation by Request
      2,504 SF

      208 Main St

      COMMERCIAL (GENERAL) • 2,504 SF
      208 Main St, Cornelia, GA 30531-2119
      View Details
    • Value Estimation by Request
      453 SF

      1043 Main St

      COMMERCIAL (GENERAL) • 453 SF
      1043 Main St, Cornelia, GA 30531-3979
      View Details
    • Value Estimation by Request
      1,996 SF

      258 Main St

      COMMERCIAL (GENERAL) • 1,996 SF
      258 Main St, Cornelia, GA 30531-3917
      View Details
    • Value Estimation by Request
      2,880 SF

      4113 Pea Rdg Rd

      COMMERCIAL (GENERAL) • 2,880 SF
      4113 Pea Rdg Rd, Cornelia, GA 30531-4653
      View Details

    Similar Nearby for Sale

    • $750,000
      10.83 Acres

      Cornelia Commercial Land - 10 Acres

      High-visibility commercial land, ideal for development.
      4444 State Hwy, Cornelia, GA 30531
      View Details
    • $579,000
      14,510 SF

      Historic Cornelia Industrial Opportunity

      Spacious industrial building in growing downtown Cornelia, Georgia.
      438 Irvin St, Cornelia, GA 30531
      View Details
    • $2,000,000
      0.85 Acres

      Commercial Land in Cornelia, GA

      Commercial space with redevelopment potential near downtown Cornelia and city park.
      482 Chattahoochee St, Cornelia, GA 30531
      View Details
    • $579,000

      Versatile Industrial Space in Cornelia

      Spacious industrial building with historic character in growing downtown Cornelia.
      438 Irvin St, Cornelia, GA 30531
      View Details
    • $1,900,000
      13.50 Acres

      Chenocetah Mountain Development Opportunity

      13.5-acre tract with mountain views and development potential.
      664 Chenocetah Dr, Cornelia, GA 30531
      View Details
    • $750,000
      Pending

      Commercial Land in Cornelia, GA

      10.83 acres of highway-zoned land with high visibility.
      4444 State Hwy 365, Cornelia, GA 30531
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      5,100 SF

      Industrial Space Available for Lease

      5,100 SF industrial property available for lease.
      997 Airport Rd W, Cornelia, GA 30531
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in Cornelia, Georgia

      Retail space with national co-tenancy and high visibility.
      216 Carpenters Cove Ln, Cornelia, GA 30531
      View Details
    • Contact for pricing

      Commercial Pad Site For Rent

      Commercial pad site with high visibility and traffic counts.
      516 Old Historic U.S 441, Cornelia, GA 30531
      View Details
    • Contact for pricing

      Retail Space Near Walmart

      1,800 SF retail space in excellent condition next to Walmart.
      250 Furniture Dr, Cornelia, GA 30531
      View Details
    • Contact for pricing
      2,500 SF

      Office Space in Cornelia, Georgia

      Office space available for rent, totaling 2,500 square feet.
      264 Stapleton Rd, Cornelia, GA 30531
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    121 Midway Dr
    Cornelia, GA 30531
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    121 Midway Dr, Cornelia, GA, 30531
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!