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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2355 N Elm St, Unit 103 Commerce, GA 30529

    • Strip malls
    • 13,620 SF
    • 1.53 lot acres
    For Lease
    View listing
    $1,800 /Mo
    Value Estimations
    $380,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2171879
    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

    • La Michoacana Es Natural Cuatro Hermanos / Ice Cream Shop
    • Tan Theory / Tanning Salon
    • Victoria Grace Bridal Boutique / Shoe Store / Tuxedo Shop
    • Thunder Tumbling / Gym

    Property Details for 2355 N Elm St

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    1.53 lot acres
    Property size
    13,620 SF
    Zone code
    OCR
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    C16 040
    APU
    C16040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Commerce
    County
    Jackson
    State
    Georgia
    Longitude
    -83.4676
    Latitude
    34.2066
    CBSA code
    27600
    CBSA name
    JEFFERSON, GA MICROPOLITAN STATISTICAL AREA

    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
    $17,482
    $226,600
    $312,520
    $539,120
    -
    $566,500
    $781,300
    $1,347,800

    Comparable in this City

    • Value Estimation
      $740,000
      32,616 SF

      200 Homer Rd

      SHOPPING CENTER, STRIP CENTER • 32,616 SF
      200 Homer Rd, Commerce, GA 30529-1845
      View Details
    • Value Estimation
      $850,000
      42,932 SF

      165 Elm St

      SHOPPING CENTER, STRIP CENTER • 42,932 SF
      165 Elm St, Commerce, GA 30529-3206
      View Details
    • Value Estimation
      $2,180,000
      15,920 SF

      40095 Hwy 441st S

      SHOPPING CENTER, STRIP CENTER • 15,920 SF
      40095 Hwy 441st S, Commerce, GA 30529-6604
      View Details
    • Value Estimation
      $115,000
      2,520 SF

      83 Washington St

      SHOPPING CENTER, STRIP CENTER • 2,520 SF
      83 Washington St, Commerce, GA 30529-2247
      View Details
    • Value Estimation
      $275,000
      4,558 SF

      445 Homer Rd

      SHOPPING CENTER, STRIP CENTER • 4,558 SF
      445 Homer Rd, Commerce, GA 30529-1867
      View Details
    • Value Estimation
      $1,465,000
      16,152 SF

      2319 Elm St

      SHOPPING CENTER, STRIP CENTER • 16,152 SF
      2319 Elm St, Commerce, GA 30529-2243
      View Details

    Similar Nearby for Sale

    • $6,900,000
      Pending

      Commerce, GA Strip Mall

      Strip mall with 6 leases in place on 13+ acres.
      165 S Elm St, Commerce, GA 30529
      View Details
    • Contact for pricing
      1.40 Acres

      Commerce, GA Commercial Land

      Prime development land near major retailers.
      230 Steven B. Tanger Blvd, Commerce, GA 30529
      View Details
    • New
      $345,000
      6,760 SF

      Downtown Commerce Two-Story Commercial Building

      Two-story commercial building with flexible office space in downtown Commerce.
      15 State St, Commerce, GA 30529
      View Details
    • $2,750,000
      2.99 Acres

      Prime Commerce, GA Office Complex

      Executive Office Buildings, High Growth Area
      30332 Highway 441, Commerce, GA 30529
      View Details
    • $995,000
      2,640 SF

      Downtown Commerce Commercial Opportunity

      Two commercial buildings on 1.22 acres in downtown Commerce.
      1269 S Elm St, Commerce, GA 30529
      View Details
    • $750,000

      Historic Brewery in Downtown Commerce

      Turn-key brewery operation in a renovated historic landmark building.
      71 State St, Commerce, GA 30529
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      300,000 SF

      Historic Harmony Grove Mill Redevelopment

      Historic mill in downtown Commerce, suitable for mixed-use redevelopment.
      821 South Broad Street Ext, Commerce, GA 30529
      View Details
    • $8 SF/Yr
      90,000 SF

      Commerce GA Industrial Property

      90,000 SF Flex Space, 2 Suites Available
      255 Homer St, Commerce, GA 30529
      View Details
    • $1,500 /Mo
      3,948 SF

      Retail Space in Commerce, GA

      Retail space available in a high-traffic area of Commerce.
      211 Homer Rd, Commerce, GA 30529
      View Details
    • Contact for pricing
      114,246 SF

      Commerce Crossing Retail Center

      High-traffic retail space near Tanger Outlets
      199 Pottery Factory Dr, Commerce, GA 30529
      View Details
    • Contact for pricing
      315,000 SF

      Ridgeway 85 Logistics Center: Prime Flex Space

      315,000 SF Industrial Building Available
      1532 Ridgeway Church Rd, Commerce, GA 30529
      View Details
    • $1,800 /Mo
      13,620 SF

      Downtown Commerce Office Space Available

      Office space in downtown Commerce with private offices, kitchenette.
      2355 N Elm St, Commerce, GA 30529
      View Details
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    2355 N Elm St, Unit 103
    Commerce, GA 30529
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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