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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Commercial land
227 Highland S Xing Ellijay, GA 30540-2593
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-3119264
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
38.12 ac (1,660,507 SF)
Zoning code
C2
APN
2067 106
UPID
US22-3119264
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$740k
Owner & transaction history
East Ellijay City · 3 yrs held
East Ellijay City
since 2023
Last sale
$730,000
7 recorded transactions
Zoning & alternative use
C2 · Ellijay, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ellijay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellijay submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$670,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $730k (Jul 13 2023)
Last sale anchor
$730k
Jul 13 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,634
Tax year 2023
Assessed value
$1,165,040
Assessed 2023
Previous assessed
$1,317,160
-11.5% YoY
Effective rate
1.60%
On assessed value
Assessed land
$1,165,040
Land market value
$2,912,600
Total market value
$2,912,600
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
38.12 ac (1,660,507 SF)
Zoning code
C2
APN
2067 106
UPID
US22-3119264
Jurisdiction
GILMER
Zoning & alternative use
C2 · Ellijay, GA
Zoning C2 · permitted uses
C2 · Ellijay, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellijay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
38.12 ac
Current owner
From public records · entity-resolved
East Ellijay City
Entity
Free & Clear · 3 yrs held
Mailing address
227 HIGHLAND TRL, TALKING ROCK, GA 30175-1916
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
41 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2023
—
East Ellijay City
Cartecay Properties LLC
Quit Claim Deed
related
—
Sep 27, 2021
$730,000
Cinema Drive LLC
Cartecay Properties LLC
Warranty Deed
—
Feb 7, 2020
$462,500
Georgia Mountains Health Svcs INC
Cartecay Properties LLC
Limited Warranty Deed
—
Aug 29, 2019
$450,000
Hawthorne Ventures Blue Ridge LLC
Cartecay Properties LLC
Limited Warranty Deed
—
Jul 19, 2019
$300,000
Malham & Noble Holdings LLC
Cartecay Properties LLC
Limited Warranty Deed
—
Apr 18, 2019
$525,000
Ellijay Senior Center LLC
Cartecay Properties LLC
Limited Warranty Deed
—
Feb 14, 2019
$300,000
Highland Investment Ellijay LLC
Cartecay Properties LLC
Limited Warranty Deed
—
Dec 10, 2018
$360,000
Wings Of Ellijay LLC
Cartecay Properties LLC
Warranty Deed
—
Nov 7, 2018
$360,000
Jose I Suarez
Cartecay Properties LLC
Limited Warranty Deed
—
Oct 19, 2018
$275,000
Highland Cove LLC
Cartecay Properties LLC
Limited Warranty Deed
—
Mar 2, 2018
$1,060,000
Gnl Property LLC
Cartecay Properties LLC
Warranty Deed
—
Mar 13, 2015
—
North Ga Hospitality LLC
Cartecay Properties LLC
Warranty Deed
—
May 29, 2014
—
Pickens County Properties LLC
Glandon Capital Grp LLC
Limited Warranty Deed
—
Mar 5, 2014
—
North Georgia Hospitality LLC
Cartecay Properties LLC
Warranty Deed
—
Oct 31, 2013
$100,000
Cherokee Bank
Cartecay Properties LLC
Warranty Deed
—
Aug 15, 2013
—
Glandon Capital Grp LLC
Cartecay Properties LLC
Foreclosure
related
—
Jul 7, 2010
$395,000
Capstone Imc Ellijay LLC
Cartecay Properties LLC
Deed
—
Jul 30, 2009
—
Charles B Simons
Cartecay Properties LLC
Deed
—
Feb 27, 2009
—
Mt Construction & Development LLC
Westview Farms INC
Deed
—
Aug 25, 2008
—
Westview Farms INC
Mt Construction & Developm
Deed
—
May 15, 2008
$86,000
Betty J Viola
Cartecay Properties LLC
Deed
—
May 8, 2008
$649,000
Charles C Fryer
Cartecay Properties LLC
Deed
—
Dec 28, 2007
$85,000
Hector Vincente Santana
Cartecay Properties LLC
Deed
—
Dec 14, 2007
$78,000
Raymond F Chambers
Cartecay Properties LLC
Deed
—
Oct 3, 2007
$68,000
Paul I Inpong
Cartecay Properties LLC
Deed
—
Oct 2, 2007
$80,000
Walter Mastrapa
Cartecay Properties LLC
Deed
—
Sep 21, 2007
$98,000
Sharon L German
Cartecay Properties LLC
Deed
—
Sep 7, 2007
$78,000
William B Bigger III
Cartecay Properties LLC
Deed
—
Jul 27, 2007
$92,000
Michael K Alfieri
Cartecay Properties LLC
Deed
—
Jul 24, 2007
$88,000
Kuen Su Leung Lai
Cartecay Properties LLC
Deed
—
Jul 20, 2007
$108,000
Jong Hyun Cunningham
Cartecay Properties LLC
Deed
—
Jul 13, 2007
$64,600
Robert P Aschenbach
Cartecay Properties LLC
Deed
—
Jun 29, 2007
$79,900
James E Mccaffrey
Cartecay Properties LLC
Deed
—
Jun 26, 2007
$88,000
Entrust Of Tampa Bay LLC Fbo
Cartecay Properties LLC
Deed
—
Jun 20, 2007
$396,000
Highland Cinema LLC
Cartecay Properties LLC
Deed
—
May 16, 2007
$80,750
William M Dominguez
Cartecay Properties LLC
Deed
—
May 11, 2007
$90,000
Gerardo I Castillo
Cartecay Properties LLC
Deed
—
Apr 20, 2007
$82,000
Lidia E Vlahakis
Cartecay Properties LLC
Deed
—
Mar 2, 2007
$550,000
United Management LLC
Cartecay Properties LLC
Deed
—
May 16, 2006
$438,176
Mt Construction & Developmen
Robert S Mosley JR
Deed
—
Apr 18, 2005
$550,000
A R T Properties LLC
Cartecay Properties LLC
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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