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    1218 Main St Perry, GA 31069
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    1218 Main St Perry, GA 31069

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    • Office Units
    • 1,508 SF
    Off-Market
    Property ID
    US22-4556089
    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

    • Office Units

    Property Details for 1218 Main St

    Year built
    1925
    Property size
    1,508 SF
    Property type
    Office Units
    Property subtype
    Commercial real estate

    Description

    Perfection in Perry! Welcome to the RARE opportunity to own a piece of the growing community of Downtown Perry. Nestled in a prime location on Main Street, this property offers the flexibility of being zoned commercial for your future business ventures as well as providing adequate features to creat ... e your own downtown abode. With beautiful hardwood flooring, abundant natural light and unique character, this property provides true southern charm and endless possibilities. Being zoned commercial, the structure offers space for up to 5 full offices, a lobby and both a full and half bathroom along with a full kitchen and break room. Just a short walk to all of your favorite festivals, food trucks, and downtown events, this property provides convenience and comfort for your business location. This low-maintenance property offers four-sided vinyl siding, an architectural roof only 8 years old, and two HVAC units both less than 5 years old. All interior walls, doors, and trim have FRESH paint throughout. New LVP flooring was just installed in the kitchen and half-bath and no carpet is found anywhere in the interior. These opportunities do not come available often, call today for your private showing of one of the finest properties Perry has to offer!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Houston
    State
    Georgia
    Longitude
    -83.72562
    Latitude
    32.459198

    Comparable in this City

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      Commercial Land on Highway 341

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    • $899,900
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      Versatile Commercial Property in Perry, GA

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      Perry Commercial Lot Near Emory

      One acre commercial lot near Emory Hospital Perry.
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      3,492 SF

      Retail Space in Perry Marketplace

      Retail space in a high-traffic shopping center near I-75.
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      Prime Commercial Development Opportunity, Perry

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    Similar Nearby for Sale

    • $850,000

      Commercial Tract with Office Space

      4.82 acre commercial tract with office and utilities.
      311 Valley Dr, Perry, GA 31069
      View Details
    • $450,000
      1.50 Acres

      Commercial Land on Highway 341

      1.5 acres with high traffic, suitable for various commercial uses.
      Us Highway 341 S, Perry, GA 31069
      View Details
    • $899,900
      6,800 SF

      Versatile Commercial Property in Perry, GA

      Multi-functional commercial property in Downtown Perry's covenanted corridor.
      910/912 Jernigan St, Perry, GA 31069
      View Details
    • $150,000
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      Perry Commercial Lot Near Emory

      One acre commercial lot near Emory Hospital Perry.
      1050 Keith Dr, Perry, GA 31069
      View Details
    • Contact for pricing
      3,492 SF

      Retail Space in Perry Marketplace

      Retail space in a high-traffic shopping center near I-75.
      1363 Sam Nunn Blvd, Perry, GA 31069
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    • Contact for pricing

      Prime Commercial Development Opportunity, Perry

      Commercial lots for sale in thriving Houston County location.
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    Similar Nearby for Lease

    • Contact for pricing

      Perry, GA Commercial Building

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      Office Space for Lease

      6,396 sq ft office space available for lease.
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    • $32 SF/Yr
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      Perry Creative Office Suites

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      Perry Commercial Land Lease Opportunity

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      4,658 SF

      Former Restaurant Space Available

      Restaurant or retail opportunity in Perry, Georgia.
      100 Valley Dr, Perry, GA 31069
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    1218 Main St
    Perry, GA 31069
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    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
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