Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    218 Ctr St Thomaston, GA 30286-3643
    Back to Search
    Property profile & analytics

    218 Ctr St, Thomaston, GA 30286-3643

    View on Map
    • Retail space
    • 6,640 SF
    • 1.12 lot acres
    Off-Market
    Last Sale Oct 18, 2022
    $750,000
    Property ID
    US22-1501973
    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
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Train Depot Bottle Shop / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 218 Ctr St

    Year built
    1940
    Lot size
    1.12 lot acres
    Zone code
    M1
    Property type
    Retail space
    APN
    T22-122
    APU
    T22122

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 18, 2022 $750,000 Train Depot LLC Virgil W Heath Warranty Deed $833k · Bank Ozk
    Jul 9, 2020 — Virgil W Heath Hardik Modi Quit Claim Deed · related —
    Jul 9, 2020 $147,000 Virgil W Heath Sri Sai Management LLC Warranty Deed —
    Apr 8, 2013 $130,000 Nitin Patel Southeastern R/e Dev LLC Grant Deed $101k · United Bank
    Apr 8, 2013 — Sri Sai Management Patel,nitin Quit Claim Deed · related —
    Apr 4, 2013 — Sri Sai Management Patel,nitin Grant Deed —
    Apr 4, 2013 $130,000 Nitin Patel Southeastern Real Estate Development LLC Grant Deed —
    May 18, 2011 — Southeastern R & E Dev LLC United Bk Grant Deed · related —
    May 16, 2011 — Real Estate Devel Southeastern United Bank Grant Deed —
    Apr 1, 2011 — United Bk Ponderosa Pine Steak Pit INC Quit Claim Deed · related —
    Mar 31, 2011 — Andrew C York Ponderosa Pine Steak Pit INC Grant Deed —
    Mar 6, 2006 $225,000 Andrew C York Short,brian J Grant Deed —
    Feb 3, 2005 $250,000 Brian J Short Shelby Ellerbee Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $735,000
      ML approach
      $745,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $686,000
      Market price range: $291k - $929k
      AI Estimate
      $620,000
      Market price range: $268k - $821k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $645,000
      Current use
      OFFICE BUILDING
      $525,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Thomaston
    County
    Upson
    State
    Georgia
    Longitude
    -84.3257
    Latitude
    32.8904
    CBSA code
    45580
    CBSA name
    THOMASTON, 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
    $2,918
    $33,024
    $78,394
    $111,418
    -
    $82,561
    $195,985
    $278,546

    Comparable in this City

    • Value Estimation by Request
      1,608 SF

      106 Gordon St

      RETAIL STORES (PERSONAL SERVICES)
      106 Gordon St, Thomaston, GA 30286-4165
      View Details
    • Value Estimation by Request
      3,520 SF

      1628 Hwy 19th N

      RETAIL STORES (PERSONAL SERVICES)
      1628 Hwy 19th N, Thomaston, GA 30286-2205
      View Details
    • Value Estimation by Request
      8,640 SF

      100 Main St

      RETAIL STORES (PERSONAL SERVICES)
      100 Main St, Thomaston, GA 30286-3556
      View Details
    • Value Estimation by Request
      1,500 SF

      421 Ctr St

      RETAIL STORES (PERSONAL SERVICES)
      421 Ctr St, Thomaston, GA 30286-3651
      View Details
    • Value Estimation by Request
      1,768 SF

      107 Ctr St

      RETAIL STORES (PERSONAL SERVICES)
      107 Ctr St, Thomaston, GA 30286-4160
      View Details
    • Value Estimation by Request
      1,856 SF

      103 Georgia Ave

      RETAIL STORES (PERSONAL SERVICES)
      103 Georgia Ave, Thomaston, GA 30286-3625
      View Details

    Similar Nearby for Sale

    • $144,900
      1,509 SF

      Thomaston Commercial Building For Sale

      Versatile commercial building near downtown Thomaston, suitable for various businesses.
      618 E Lee St, Thomaston, GA 30286
      View Details
    • $419,000
      11,482 SF

      Thomaston Commercial Property on US-19

      Two connected buildings with retail and warehouse space for sale.
      507 N Center St, Thomaston, GA 30286
      View Details
    • Contact for pricing
      11,482 SF

      Connected Buildings on US Hwy 19

      Two connected buildings with retail and warehouse space for sale.
      507 N Center St, Thomaston, GA 30286
      View Details
    • $369,000
      1,356 SF

      Thomaston Commercial Building on Highway

      Commercial building on Highway 19 in Thomaston, Georgia.
      1541 N Highway St, Thomaston, GA 30286
      View Details
    • $239,900
      2,040 SF

      Downtown Thomaston Commercial Opportunity

      Versatile commercial building in downtown Thomaston, suitable for various businesses.
      314 S Green St, Thomaston, GA 30286
      View Details
    • New
      $265,000
      1,760 SF

      Remodeled Corner Building on Square

      Turn-key office/retail space in downtown Thomaston, remodeled in 2021.
      119 W Gordon St, Thomaston, GA 30286
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Thomaston, GA

      Retail space available in Walmart Supercenter shadow-anchored center.
      919-935 North Church St, Thomaston, GA 30286
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space for lease at 855 N Church St.
      855 N Church St, Thomaston, GA 30286
      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.
    218 Ctr St
    Thomaston, GA 30286-3643
    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
    218 Ctr St, Thomaston, GA, 30286
    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!