233 8th St, Mc Rae Helena, GA 31037
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
1 · Mc Rae Helena, GAMc Rae Helena. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.