Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    185 Franklin St Hartwell, GA 30643-2187

    • Office Properties & Spaces
    • 1,776 SF
    • 0.32 lot acres
    OFF-MARKET
    Last Sale
    Mar 22, 2024
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2282459
    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

    • Hart County Probate Judge / County Court
    • Veterans Service / County Government Office
    • Hart County Superior Court Clk / City Clerk'S Office
    • Hart County Board of Registrar / County Government Office

    Property Details for 185 Franklin St

    Year built
    1920
    Lot size
    0.32 lot acres
    Property size
    1,776 SF
    Zone code
    R1
    Property type
    Office Properties & Spaces
    APN
    I70A-003
    APU
    I70A003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $155,000
      Current use
      RETAIL STORES
      $190,000
      Change: +22% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartwell
    County
    Hart
    State
    Georgia
    Longitude
    -82.9264
    Latitude
    34.3531

    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
    $259
    $9,801
    $208
    $10,009
    -
    $24,502
    $521
    $25,023

    Comparable in this City

    • Value Estimation
      $220,000
      2,520 SF

      636 Franklin St

      OFFICE (GENERAL) • 2,520 SF
      636 Franklin St, Hartwell, GA 30643-1887
      View Details
    • Value Estimation
      $250,000
      846 SF

      407 Franklin St

      OFFICE (GENERAL) • 846 SF
      407 Franklin St, Hartwell, GA 30643-2296
      View Details
    • Value Estimation
      $220,000
      1,841 SF

      292 Franklin St

      OFFICE (GENERAL) • 1,841 SF
      292 Franklin St, Hartwell, GA 30643-2294
      View Details
    • Value Estimation
      $255,000
      888 SF

      375 Franklin St

      OFFICE (GENERAL) • 888 SF
      375 Franklin St, Hartwell, GA 30643-2296
      View Details
    • Value Estimation
      $85,000
      1,800 SF

      186 Nancy Hart School Rd

      OFFICE (GENERAL) • 1,800 SF
      186 Nancy Hart School Rd, Hartwell, GA 30643-5658
      View Details
    • Value Estimation
      $255,000
      768 SF

      New Baker St

      OFFICE (GENERAL) • 768 SF
      New Baker St, Hartwell, GA 30643
      View Details

    Similar Nearby for Sale

    • $750,000
      10,040 SF

      Hartwell, GA Executive Office Complex

      Prime Office Portfolio: 10,040 SF, $750K
      66 Maret St, Hartwell, GA 30643
      View Details
    • New
      $295,000
      0.70 Acres

      Prime Commercial Site on US Hwy

      0.70-acre commercial site on heavily traveled corridor in Hartwell, GA.
      776 Franklin St E, Hartwell, GA 30643
      View Details
    • $749,000
      3,036 SF

      Renovated Commercial Building with Drive-Thru

      Versatile 3,036 SF building ideal for various commercial uses.
      18 W Gibson St, Hartwell, GA 30643
      View Details
    • $750,000
      10,040 SF

      Two Fully Occupied Office Buildings

      Two office buildings, fully occupied, with a new USDA lease.
      66-88 Maret St, Hartwell, GA 30643
      View Details
    • $67,900
      3.00 Acres

      Hartwell, GA Open Lot

      3 acre lot with pond access, build your dream home.
      2 Seed Cleaner Rd, Hartwell, GA 30643
      View Details
    • $99,000
      Pending

      Hartwell Commercial Property For Sale

      Commercial property in Hartwell, GA, suitable for various business types.
      446 S Jackson St, Hartwell, GA 30643
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      4,800 SF

      Downtown Hartwell Office Space

      Prime renovated office suites, 1200-4800 sqft
      34 Depot St, Hartwell, GA 30643
      View Details
    • $12 SF/Yr
      3,950 SF

      Historic Downtown Commercial Space Available

      Prime commercial space in historic downtown Hartwell, ready for occupancy.
      120 Depot St, Hartwell, GA 30643
      View Details
    • $3,850 /Mo
      3,063 SF

      Renovated Commercial Building with Drive-Thru

      Versatile commercial building with drive-thru, ideal for various uses.
      18 W Gibson St, Hartwell, GA 30643
      View Details
    • Contact for pricing
      108,215 SF

      Hartwell, GA Industrial Space For Lease

      Large industrial space, multiple units available.
      544 Winfield Cir, Hartwell, GA 30643
      View Details
    • Contact for pricing

      Hartwell Retail and Land Opportunity

      Retail and land available in growing Hartwell market.
      1541 Anderson Hwy, Hartwell, GA 30643
      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.
    185 Franklin St
    Hartwell, GA 30643-2187
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.