Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18 College Ave Elberton, GA 30635-1740
    Back to Search
    Property profile & analytics

    18 College Ave Elberton, GA 30635-1740

    View on Map
    • Drug stores
    • 14,570 SF
    • 1.60 lot acres
    Off-Market
    Last Sale Feb 3, 2026
    $950,000
    Property ID
    US22-2944652
    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
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Walgreens Pharmacy / Pharmacy
    • Western Union / Bank / Credit Union
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Walgreens / Pharmacy

    Property Details for 18 College Ave

    Year built
    2007
    Lot size
    1.60 lot acres
    Property size
    14,570 SF
    Zone code
    ELBERTON
    Property type
    Drug stores
    APN
    E11 119
    APU
    E11119

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,169,000
      Market price range: $393k - $1.17M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $785,000
      Current use
      AUTO REPAIR, GARAGE
      $1,305,000
      Change: +67% Conversion: Difficult
      RESTAURANT
      $1,275,000
      Change: +63% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,250,000
      Change: +59% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,150,000
      Change: +46% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Elberton
    County
    Elbert
    State
    Georgia
    Longitude
    -82.8677
    Latitude
    34.1116

    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
    $24,864
    $138,010
    $872,653
    $1,010,663
    -
    $345,024
    $2,181,633
    $2,526,657

    Comparable in this City

    • Value Estimation by Request
      512 SF

      105 Lk Frst Dr

      BARBER, HAIR SALON • 512 SF
      105 Lk Frst Dr, Elberton, GA 30635-1828
      View Details
    • Value Estimation by Request
      2,052 SF

      7 Mcintosh St

      RETAIL STORES (PERSONAL SERVICES) • 2,052 SF
      7 Mcintosh St, Elberton, GA 30635-2465
      View Details
    • Value Estimation by Request
      720 SF

      338 Ml St

      BARBER, HAIR SALON • 720 SF
      338 Ml St, Elberton, GA 30635-2284
      View Details
    • Value Estimation by Request
      6,400 SF

      1088 Ruckersville Rd

      GYM, HEALTH SPA • 6,400 SF
      1088 Ruckersville Rd, Elberton, GA 30635-1308
      View Details
    • Value Estimation by Request
      1,320 SF

      113 Mcintosh St

      BARBER, HAIR SALON • 1,320 SF
      113 Mcintosh St, Elberton, GA 30635-1548
      View Details
    • Value Estimation
      $565,000
      18,494 SF

      884 Elbert St

      FINANCIAL BUILDING • 18,494 SF
      884 Elbert St, Elberton, GA 30635-2628
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,876 SF

      Elberton Retail Investment Opportunity

      NNN leased retail property with long-term tenant and annual rent increases.
      125 Elbert St, Elberton, GA 30635
      View Details
    • $495,000
      11,100 SF

      Versatile Commercial Building with Storage

      9,900 sq ft commercial building with income-generating storage units.
      891 Elbert St, Elberton, GA 30635
      View Details
    • $415,000
      4,000 SF

      Elberton Commercial Building on Two Acres

      Versatile commercial building in Elberton, ready for immediate occupancy.
      1305 Filter Plant Dr, Elberton, GA 30635
      View Details
    • New
      $449,900
      7,200 SF

      Elberton Commercial Building on Corner

      7200+ Sq Ft commercial building on 1.4-acre corner lot.
      740 Martin Luther King Jr Blvd, Elberton, GA 30635
      View Details
    • $415,000
      4,000 SF

      Retail/Flex-Office/Industrial Space Available

      4,000 SF retail, flex-office, or industrial space for sale.
      1305 Filter Plant Dr, Elberton, GA 30635
      View Details
    • $449,900

      Versatile Commercial Building on Corner Lot

      7200+ Sq Ft commercial building on 1.4 acre corner lot.
      740 Martin Luther King Jr Blvd, Elberton, GA 30635
      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.
    18 College Ave
    Elberton, GA 30635-1740
    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
    18 College Ave, Elberton, GA, 30635
    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!