Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2391 Pleasant Gap Rd Ellijay, GA 30540

    • Warehouses
    • 189 SF
    • 4.97 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4028079
    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

    • Warehouses

    Property Details for 2391 Pleasant Gap Rd

    Year built
    2019
    Lot size
    4.97 lot acres
    Property size
    189 SF
    Zone code
    R1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    3035E 016A
    APU
    3035E016A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellijay
    County
    Gilmer
    State
    Georgia
    Longitude
    -84.584
    Latitude
    34.717

    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
    2024
    $553
    $23,760
    $11,920
    $35,680
    -
    $59,400
    $29,800
    $89,200

    Comparable in this City

    • Value Estimation by Request
      832 SF

      8300 Hwy 382nd W

      MINI-WAREHOUSE, STORAGE • 832 SF
      8300 Hwy 382nd W, Ellijay, GA 30540
      View Details
    • Value Estimation by Request
      560 SF

      431 Msn Hl Rd

      MINI-WAREHOUSE, STORAGE • 560 SF
      431 Msn Hl Rd, Ellijay, GA 30540-7310
      View Details
    • Value Estimation by Request
      768 SF

      801 Old Northcutt Rd

      MINI-WAREHOUSE, STORAGE • 768 SF
      801 Old Northcutt Rd, Ellijay, GA 30540
      View Details
    • Value Estimation by Request
      144 SF

      16 15th St

      MINI-WAREHOUSE, STORAGE • 144 SF
      16 15th St, Ellijay, GA 30540-7070
      View Details
    • Value Estimation by Request
      496 SF

      89 25th St

      MINI-WAREHOUSE, STORAGE • 496 SF
      89 25th St, Ellijay, GA 30540
      View Details
    • Value Estimation by Request
      240 SF

      28 29th St

      MINI-WAREHOUSE, STORAGE • 240 SF
      28 29th St, Ellijay, GA 30540
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,908 SF

      Versatile Commercial Warehouse in Ellijay

      Functional warehouse with highway visibility, office space, and ample parking.
      1328 Old Northcutt Rd, Ellijay, GA 30540
      View Details
    • $349,000
      4,800 SF

      Ellijay Commercial Building - Great Location!

      Versatile Storage Building, 1.61 Acres, Paved Access.
      317 Crossroads Church Rd, Ellijay, GA 30540
      View Details
    • $499,900
      21.49 Acres

      ensuring convenient ingress and egress. Power and water are conveniently located nearby

      facilitating development opportunities. While railroad tracks cross the rear of the property
      Highway 515, Ellijay, GA 30540
      View Details
    • $499,900
      21.49 Acres

      ensuring convenient ingress and egress. Power and water are conveniently located nearby

      facilitating development opportunities. While railroad tracks cross the rear of the property
      Highway 515, Ellijay, GA 30540
      View Details
    • $1,200,000
      4.74 Acres

      Mountain Commercial Land - Ellijay, GA

      4.74 Acres, Prime Location, High Traffic
      Eller Rd, Ellijay, GA 30540
      View Details
    • $3,695,000
      15.60 Acres

      North Georgia Adventure Basecamp

      Mountain resort, turnkey operation
      400 Mulberry Gap Rd, Ellijay, GA 30540
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      1,908 SF

      Ellijay Commercial Warehouse For Rent

      Versatile warehouse space with highway visibility and ample parking.
      1328 Old Northcutt Rd, Ellijay, GA 30540
      View Details
    • $3,000 /Mo

      Commercial Warehouse with Highway Exposure

      Functional warehouse space with highway visibility and convenient access.
      1328 Old Northcutt Rd, Ellijay, GA 30540
      View Details
    • $2,500 /Mo

      Furnished Office Space in Ellijay

      Furnished office space available for rent in downtown Ellijay.
      51 Broad St, Ellijay, GA 30540
      View Details
    • $7,260 /Mo
      206,474 SF

      Ellijay, GA Commercial Land

      4.74 acres of commercial land for lease in Ellijay.
      4.74Ac Eller Rd, Ellijay, GA 30540
      View Details
    • $17,424 /Mo
      560,182 SF

      Ellijay, GA Commercial Land

      12.86 acres of commercial land for lease in Ellijay.
      12.86Ac Highlands Hl Dr, Ellijay, GA 30540
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2391 Pleasant Gap Rd
    Ellijay, GA 30540
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.