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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1416 Broad St Commerce, GA 30529-2448

    • Outlet malls
    • 6,930 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Oct 04, 2023
    $400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2115053
    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.

    Current Use by Public Records

    • Atlanta Mission: Commerce Thrift Store / Used Clothing Store / Thrift Store

    Property Details for 1416 Broad St

    Year built
    1962
    Construction
    STEEL FRAME
    Lot size
    1.10 lot acres
    Property size
    6,930 SF
    Zone code
    OCR
    Property type
    Outlet malls
    APN
    C04 059
    APU
    C04059

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce
    County
    Jackson
    State
    Georgia
    Longitude
    -83.4533
    Latitude
    34.2005
    CBSA code
    27600
    CBSA name
    JEFFERSON, 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
    2023
    $6,668
    $191,640
    $33,560
    $225,200
    -
    $479,100
    $83,900
    $563,000

    Comparable in this City

    • Value Estimation
      $665,000
      6,298 SF

      84 Homer Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 6,298 SF
      84 Homer Rd, Commerce, GA 30529-1871
      View Details
    • Value Estimation
      $675,000
      7,930 SF

      2721 Homer Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 7,930 SF
      2721 Homer Rd, Commerce, GA 30529-1262
      View Details
    • Value Estimation by Request
      72,589 SF

      129 Clyde Short Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 72,589 SF
      129 Clyde Short Rd, Commerce, GA 30529-3815
      View Details
    • Value Estimation
      $1,375,000
      19,050 SF

      2250 Homer Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 19,050 SF
      2250 Homer Rd, Commerce, GA 30529-1237
      View Details
    • Value Estimation
      $1,885,000
      283,702 SF

      100 Pottery Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 283,702 SF
      100 Pottery Rd, Commerce, GA 30529-6677
      View Details
    • Value Estimation by Request
      665 SF

      2411 Elm St

      WHOLESALE OUTLET, DISCOUNT STORE • 665 SF
      2411 Elm St, Commerce, GA 30529-2244
      View Details

    Similar Nearby for Sale

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      Strip mall with 6 leases in place on 13+ acres.
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      Prime development land near major retailers.
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    • $345,000
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      Downtown Commerce Two-Story Commercial Building

      Two-story commercial building with flexible office space in downtown Commerce.
      15 State St, Commerce, GA 30529
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    • $1,200,000

      Prime Commercial Lot in Commerce

      High-visibility commercial lot suitable for gas/retail development.
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    • $369,000
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      Commercial Office with Storefront

      Commercial office with storefront on main street in Commerce, GA.
      1782 N Broad St, Commerce, GA 30529
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      90,000 SF

      Commerce GA Industrial Property

      90,000 SF Flex Space, 2 Suites Available
      255 Homer St, Commerce, GA 30529
      View Details
    • $1,500 /Mo
      3,948 SF

      Retail Space in Commerce, GA

      Retail space available in a high-traffic area of Commerce.
      211 Homer Rd, Commerce, GA 30529
      View Details
    • $3 SF/Yr
      300,000 SF

      Historic Harmony Grove Mill Redevelopment

      Historic mill in downtown Commerce, suitable for mixed-use redevelopment.
      821 South Broad Street Ext, Commerce, GA 30529
      View Details
    • Contact for pricing
      114,246 SF

      Commerce Crossing Retail Center

      High-traffic retail space near Tanger Outlets
      199 Pottery Factory Dr, Commerce, GA 30529
      View Details
    • $5,750 /Mo
      3,000 SF

      Medical Office in Banks Crossing

      3000 sq ft medical office in high-traffic area.
      2151 Homer Rd Unit, Commerce, GA 30529
      View Details
    • Contact for pricing
      315,000 SF

      Industrial Building Near SK Innovation

      315,000 SF industrial building near I-85 and SK Innovation.
      Ridgeway Church Rd, Commerce, GA 30529
      View Details
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    1416 Broad St
    Commerce, GA 30529-2448
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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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