Property profile

233 8th St Mc Rae Helena, GA 31037

OFF-MARKET
Auto shops
Property ID
US22-2951924
7,260 SF 0.13 ac lot Built 1985
Individually Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 0.7-acre commercial lot in McRae-Helena, Georgia, featuring a 4,200 square foot, single-story, Class C building constructed in 2007 and renovated the same year. The property, located at 233 8th Street, zip code 31037, is zoned for commercial use and boasts a spacious red iron mechanical shop. The shop is equipped with six bays: one 14x14 bay suitable for semi-trucks, two 12x12 bays, and two 8x10 bays. Additional features include two restrooms, security cameras, an inspection/grease pit, three-phase power, and four lifts (two 12,000 lb, one 10,000 lb, and one 9,000 lb). An office is also included. The asking price is $299,000, translating to $71.19 per square foot and $62 per square foot based on land value alone. This owner/user investment presents a unique opportunity for a variety of commercial uses. The property is situated in Telfair County and offers 4,200 square feet of net rentable space. No lease options are currently available.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1985
Construction WOOD FRAME
Total area 7,260 SF
Lot 0.13 ac (5,808 SF)
Zoning code 1
APN H01500 082
UPID US22-2951924

Cap rate & NOI

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

Location

233 8th St Mc Rae Helena, GA 31037
Mc Rae Helena metro Census 950103
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2006
2 recorded transactions
2006
$45,000
2005
$12,000

Zoning & alternative use

1 · Mc Rae Helena, 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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