Property profile

2355 Elm St Commerce, GA 30529

OFF-MARKET
Strip malls
Property ID
US22-2171879
13,620 SF 1.53 ac lot Built 2018
Individually Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This commercial office space covers approximately 1,800 square feet and is located in downtown Commerce on a 1.53-acre lot. The interior layout includes eight private offices, a kitchenette, a storage room, and one restroom. The building is described as being in like-new condition. The property is zoned C2.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2018
Construction STEEL FRAME
Total area 13,620 SF
Lot 1.53 ac (66,647 SF)
Zoning code OCR
APN C16 040
UPID US22-2171879

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Specialty Food Shop
  • Tanning Salon
  • Clothing & Fashion Store
  • Gym & Fitness Center

Location

2355 Elm St Commerce, GA 30529-2258
Commerce metro Census 10300 JEFFERSON, GA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Zoning & alternative use

OCR · Commerce, GA
Zoning description

Sec. 2-210. OCR, Office, Commercial and Residential District. (a) Purpose and intent. The OCR district is intended to accommodate office development and certain low intensity commercial uses as well as detached, single-f…

General category COMMERCIAL
Top alternative use upside
Medical building $1.1M +29.7%
Retail stores $875,000 +8.3%

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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