Technical
Financial
Distress signals
Property profile

223 Elbert St Elberton, GA 30635

OFF-MARKET
Warehouses
Property ID
US22-3538859
19,060 SF 1.45 ac lot Built 1965
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 223 Elbert Street in Elberton, Georgia presents a remarkable business opportunity. Spanning 1.45 acres, the building boasts an impressive 19,060 square feet of versatile space, ideally situated on a high-traffic road. Originally owned by Claude Ray Ford, the property is a turn-key operation ready for immediate use. The expansive shop area is fully equipped with an extensive array of automotive tools and equipment, including four tire machines, four car lifts, five balancers, two compressors, one wheel aligner, and one brake lathe. Beyond the shop, the property includes two well-appointed administrative offices, perfect for management or administrative staff. A large showroom or waiting area provides ample space for customer interaction or display. The property's size and existing infrastructure offer a multitude of potential uses, from continuing the existing automotive business to adapting the space for a variety of other commercial ventures. This is a rare opportunity to acquire a substantial, fully equipped commercial building in a prime Elberton location. The asking price is $795,000.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1965
Construction STEEL FRAME
Total area 19,060 SF
Lot 1.45 ac (63,162 SF)
Zoning code ELBERTON
APN E18 056
UPID US22-3538859

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

223 Elbert St Elberton, GA 30635-2101
Elberton metro Census 400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$430k

Owner & transaction history

since 2019
6 recorded transactions
2019
$165,000
2019
$450,000
2015
Price N/A
2011
Price N/A
2010
Price N/A
2010
$23,000

Zoning & alternative use

ELBERTON · Elberton, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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