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    1433 Old Highway 5 S Ellijay, GA 30540
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    1433 Old Highway 5 S Ellijay, GA 30540

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    • Office Units
    Off-Market
    Property ID
    US22-2898092
    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

    • Satellite Activations LLC / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 1433 Old Highway 5 S

    Year built
    1955
    Property type
    Office Units
    Property subtype
    Single family properties

    Description

    Prime location for your business in rapidly growing Ellijay. 300 FEET OF ROAD FRONTAGE. TOTAL +/- 4793 square footage. This property includes a residence, 3 offices, potential apartment, 2 full and 4 half baths, 3 large warehouses with 2 garage doors, large vault, covered porches, additional covered storage outside. Conveniently located 5 minutes from Ellijay shopping- Walmart, Lowes, Starbucks, Chic-fil-A, etc. The very spacious living quarters include a huge kitchen with a professional Viking stove and vent hood, double wall oven, built-in refrigerator, large pantry, large master bedroom, huge walk-in master closet, ensuite bathroom with jacuzzi tub. This space is adaptable to a variety of business uses with multiple income streams. Run your business from home, literally! Limitless development *****KitchenAid Built-In 50" Commercial Type Refrigerator. Wolf Commercial Gas Stove. OFFICE #1: 13x25 (325 sf), New Carpet, New Paint, Double Front All Glass Doors, Mini-Split Heat and Air. Ideal for creative offices or micro-flex uses. OFFICE #2: 18X20 with ½ Bath (360sf), Separate Front Door. OFFICE #3: 19X20 with ½ Bath (380 sf), Separate Front Door WAREHOUSE #1: 30X40 with ½ Bath (1320 sf), Some Shelving Units. WAREHOUSE #2: 20X40, Sliding Industrial Front Door (800 sf), Some Shelving Units. WAREHOUSE #3: 20x37 with Cabinets and Shelves (740 sf). Additional Storage: 9x45 with Auto Garage Door to Back of Building, Abundant Outside Covered Storage (405+ sf) and Uncovered Storage on this 2 Acres. Great for warehousing, distribution, equipment storage, assembly and many other possibilities. Possible owner financing.

    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
    Ellijay
    County
    Gilmer
    State
    Georgia
    Longitude
    -84.503259
    Latitude
    34.649041

    Comparable in this City

    • $949,000
      5,200 SF

      Updated Commercial Property on Highway

      Commercial property in Ellijay with showroom, office, and warehouse.
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    • $760,000

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    • $1,329,900
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      Turn-Key Commercial Opportunity

      7,140 SF property with multiple revenue streams and possibilities.
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    • $1,329,900
      7,140 SF

      Turn-Key Commercial Opportunity in Ellijay

      7,140 SF mixed-use property with multiple revenue streams.
      33 Rose Petal Ln, Ellijay, GA 30540
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    • Contact for pricing
      1,908 SF

      Versatile Commercial Warehouse in Ellijay

      Functional warehouse with highway visibility, office space, and ample parking.
      1328 Old Northcutt Rd, Ellijay, GA 30540
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    • $750,000
      2,720 SF

      Downtown Ellijay Commercial Building

      Two-story commercial building in downtown Ellijay with dual income potential.
      4 Northside Sq, Ellijay, GA 30540
      View Details

    Similar Nearby for Sale

    • $949,000
      5,200 SF

      Updated Commercial Property on Highway

      Commercial property in Ellijay with showroom, office, and warehouse.
      243 Old Highway 5, Ellijay, GA 30540
      View Details
    • $760,000

      Downtown Ellijay Dual Income Building

      Charming two-story commercial building in historic downtown Ellijay.
      4 N Side Sq, Ellijay, GA 30540
      View Details
    • $1,329,900
      7,140 SF

      Turn-Key Commercial Opportunity

      7,140 SF property with multiple revenue streams and possibilities.
      33 Rose Petal Ln, Ellijay, GA 30540
      View Details
    • $1,329,900
      7,140 SF

      Turn-Key Commercial Opportunity in Ellijay

      7,140 SF mixed-use property with multiple revenue streams.
      33 Rose Petal Ln, Ellijay, GA 30540
      View Details
    • Contact for pricing
      1,908 SF

      Versatile Commercial Warehouse in Ellijay

      Functional warehouse with highway visibility, office space, and ample parking.
      1328 Old Northcutt Rd, Ellijay, GA 30540
      View Details
    • $750,000
      2,720 SF

      Downtown Ellijay Commercial Building

      Two-story commercial building in downtown Ellijay with dual income potential.
      4 Northside Sq, Ellijay, GA 30540
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      1,908 SF

      Ellijay Commercial Warehouse For Rent

      Versatile warehouse space with highway visibility and ample parking.
      1328 Old Northcutt Rd, Ellijay, GA 30540
      View Details
    • Contact for pricing

      Furnished Office Space in Ellijay

      Furnished office space suitable for attorney, CPA, or other professionals.
      51 Broad St, Ellijay, GA 30540
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    • $2,500 /Mo

      Furnished Office Space in Ellijay

      Furnished office space available for rent in downtown Ellijay.
      51 Broad St, Ellijay, GA 30540
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    • $5,000 /Mo
      217,800 SF

      Ellijay Land Lease Opportunity

      5 acres of versatile land available for lease in Ellijay.
      174 Power Sports Dr, Ellijay, GA 30540
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    • $7,260 /Mo
      206,474 SF

      Ellijay, GA Commercial Land

      4.74 acres of commercial land for lease in Ellijay.
      4.74Ac Eller Rd, Ellijay, GA 30540
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    • $17,424 /Mo
      560,182 SF

      Ellijay, GA Commercial Land

      12.86 acres of commercial land for lease in Ellijay.
      12.86Ac Highlands Hl Dr, Ellijay, GA 30540
      View Details
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    Ellijay, GA 30540
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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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