Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1378 Hwy 76th E Hiawassee, GA 30546-3971
    Property profile & analytics

    1378 Hwy 76th E, Hiawassee, GA 30546-3971

    View on Map
    • Investment properties
    • 6,707 SF
    • 0.65 lot acres
    Off-Market
    Property ID
    US22-2895303
    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
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1378 Hwy 76th E

    Year built
    2007
    Construction
    WOOD
    Lot size
    0.65 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    0045 102A
    APU
    0045102A

    Description

    This exceptional commercial property, located at 1378 Hwy 76 East in Hiawassee, Georgia, presents a unique investment opportunity. Spanning 9,433 square feet on a 0.65-acre lot, the property boasts a versatile layout ideal for multiple income streams. The main building features three ground-floor rental units, each complete with its own bathroom. An attached two-story structure offers three offices, a conference room, a fireplace, a kitchen, and two bathrooms, perfect for professional use. The building's interior features a blend of finished concrete floors, wood, and sheetrock walls. A significant bonus is a sizable shop area, easily convertible into a high-demand paid storage facility. This area includes a bathroom and three garage doors, conveniently situated behind a circular driveway. The property's proximity to the lake enhances its appeal and potential for increased rental income. The asking price is $1,700,000, and owner financing with a 20% down payment is considered. This property offers unlimited potential for a savvy investor seeking a live-work-play lifestyle or a substantial rental income portfolio. The combination of existing rental units and the adaptable shop space provides flexibility for a variety of commercial ventures. Don't miss this chance to acquire a prime commercial property in a desirable lakeside location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $660,000
      Market price range: $385k - $1.91M
      AI Estimate
      $654,000
      Market price range: $543k - $1.86M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hiawassee
    County
    Towns
    State
    Georgia
    Longitude
    -83.7342
    Latitude
    34.9306

    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
    2023
    $2,712
    $16,900
    $214,541
    $231,441
    -
    $42,250
    $536,353
    $578,603

    Comparable in this City

    • Value Estimation by Request
      3,656 SF

      128 Sims Cir

      STORE/OFFICE (MIXED USE)
      128 Sims Cir, Hiawassee, GA 30546-2227
      View Details
    • Value Estimation by Request
      864 SF

      10 Boyd Hunter Rd

      STORE/OFFICE (MIXED USE)
      10 Boyd Hunter Rd, Hiawassee, GA 30546-1703
      View Details
    • Value Estimation by Request
      2,338 SF

      195 Main St

      STORE/OFFICE (MIXED USE)
      195 Main St, Hiawassee, GA 30546-2277
      View Details
    • Value Estimation by Request
      1,510 SF

      3475 Swallows Crk Rd

      STORE/OFFICE (MIXED USE)
      3475 Swallows Crk Rd, Hiawassee, GA 30546-4150
      View Details
    • Value Estimation by Request
      1,500 SF

      Thurman Dr

      STORE/OFFICE (MIXED USE)
      Thurman Dr, Hiawassee, GA 30546
      View Details
    • Value Estimation by Request
      2,352 SF

      232 Chatuge Way

      STORE/OFFICE (MIXED USE)
      232 Chatuge Way, Hiawassee, GA 30546-3438
      View Details

    Similar Nearby for Sale

    • $599,000
      0.46 Acres

      Prime Corner Lot in Hiawassee

      Corner lot ideal for restaurant, retail, or mixed-use development.
      81 River St, Hiawassee, GA 30546
      View Details
    • $599,000
      2,304 SF

      Prime Corner Retail/Mixed-Use Opportunity

      High-traffic corner location in Hiawassee, ready for remodel.
      81 River St N, Hiawassee, GA 30546
      View Details
    • $1,500,000
      4.95 Acres

      Prime Commercial Land in Hiawassee

      Exceptional commercial development opportunity in a growing mountain market.
      200 Highway 76, Hiawassee, GA 30546
      View Details
    • $1,100,000
      Pending

      Lake Chatuge Investment Opportunity

      Exceptional commercial or residential development potential with lake frontage.
      1586 Us Hwy 76, Hiawassee, GA 30546
      View Details
    • $34,500
      1.30 Acres

      Hiawassee, GA Vacant Lot

      Buildable lot with mountain views in high-end subdivision.
      #17 Roaring Rdg, Hiawassee, GA 30546
      View Details
    • $450,000
      2,325 SF

      Hiawassee Retail Property - Lakefront Charm

      Thriving Day Spa & Boutique, High Visibility
      2226 Ridgecrest Cir, Hiawassee, GA 30546
      View Details
    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.
    1378 Hwy 76th E
    Hiawassee, GA 30546-3971
    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
    1378 Hwy 76th E, Hiawassee, GA, 30546
    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!