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    Property profile & analytics

    234 Heard St Elberton, GA 30635

    • Retail space
    • 18,460 SF
    • 2.26 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    May 20, 2022
    $525,000
    Location Intelligence
    Property ID
    US22-3215887
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 234 Heard St

    Year built
    1961
    Lot size
    2.26 lot acres
    Property size
    18,460 SF
    Zone code
    ELBERTON
    Property type
    Retail space
    APN
    E19 137
    APU
    E19137

    Description

    This exceptional 18,460-square-foot retail or storage property is situated on 2.26 acres in the heart of Elberton, Georgia, known as "The Granite Capital of the World." The single-tenant, Class C building, constructed in 1961, features a spacious, open-box layout previously occupied by a successful furniture store. The property offers ample parking, ensuring convenient access for customers and employees. Its prominent location on Heard Street provides excellent visibility and high traffic exposure. The versatile space presents a unique opportunity for a variety of businesses, including grocery stores, warehouse/storage facilities, multi-tenant shopping centers, or even indoor recreational facilities like soccer or pickleball centers. The large storefront and expansive footprint allow for significant customization to meet the specific needs of a new tenant. This prime location and adaptable space offer a compelling investment opportunity for a forward-thinking business seeking a strong presence in a thriving community. The property's 1-story design and single-building structure simplify operations and management. With its significant square footage and ample land, this property is ready for immediate occupancy and offers substantial potential for growth and return.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $515,000

    • CAP approach

      CAP return
      Estimation
      6%
      $445,000
      6.5%
      $470,000
      7%
      $475,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $510,000
      Geo Method
      $485,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $445,000
      Mixed-Use
      $380,000
      Hospitality
      $470,000
      Educational
      $450,000
      Residential Income
      $415,000
      Energy
      $365,000
      Income-Based Land
      $475,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Elberton
    County
    Elbert
    State
    Georgia
    Longitude
    -82.864
    Latitude
    34.108

    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
    $5,166
    $71,632
    $152,648
    $224,280
    -
    $179,081
    $381,620
    $560,701

    Comparable in this City

    • Value Estimation by Request
      2,052 SF

      7 Mcintosh St

      RETAIL STORES (PERSONAL SERVICES) • 2,052 SF
      7 Mcintosh St, Elberton, GA 30635-2465
      View Details
    • Value Estimation
      $270,000
      7,200 SF

      514 Elbert St

      RETAIL STORES (PERSONAL SERVICES) • 7,200 SF
      514 Elbert St, Elberton, GA 30635-2310
      View Details
    • Value Estimation
      $155,000
      5,830 SF

      7 Public Sq

      RETAIL STORES (PERSONAL SERVICES) • 5,830 SF
      7 Public Sq, Elberton, GA 30635-2445
      View Details
    • Value Estimation
      $230,000
      6,357 SF

      561 Elbert St

      RETAIL STORES (PERSONAL SERVICES) • 6,357 SF
      561 Elbert St, Elberton, GA 30635-2346
      View Details
    • Value Estimation
      $240,000
      6,376 SF

      321 Elbert St

      RETAIL STORES (PERSONAL SERVICES) • 6,376 SF
      321 Elbert St, Elberton, GA 30635-2305
      View Details
    • Value Estimation
      $630,000
      9,984 SF

      851 Elbert St

      RETAIL STORES (PERSONAL SERVICES) • 9,984 SF
      851 Elbert St, Elberton, GA 30635-2627
      View Details

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      Downtown Elberton Investment Opportunity

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    234 Heard St
    Elberton, GA 30635
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    Realmo Value Estimation

    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.

    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.

    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
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