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    245 Main St Blue Ridge, GA 30513

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    245 Main St Blue Ridge, GA 30513

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    • Commercial real estate
    • 0.16 lot acres
    Off-Market
    Property ID
    US22-3140038
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lisa Mitchell Hair Design / Hair Salon

    Property Details for 245 Main St

    Year built
    1950
    Lot size
    0.16 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional executive office building, located at 245 E Main Street in the heart of Blue Ridge, Georgia, presents a rare investment opportunity. Built in 1950, the single building sits on a 0.16-acre lot and is currently configured as a thriving hair salon, demonstrating its adaptability. The asking price is $469,000. The property's prime location in downtown Blue Ridge offers significant potential for a variety of businesses, capitalizing on the area's recent growth and the influx of new restaurants, breweries, and other commercial ventures. The property's versatility allows for easy transformation to suit diverse business needs. Its strategic position benefits from the promising future development of adjacent undeveloped land parcels across the street, ensuring long-term value appreciation. This is one of the few remaining commercial properties available in this highly desirable downtown area, making it an exceptional opportunity for investors seeking a foothold in a thriving Georgia town. The property's address is 245 E Main Street, Blue Ridge, GA 30513. The property type is listed as Retail and Office, with a subtype of Executive Office, Business, and Other. While the cap rate is listed as 0.00%, the property's potential for growth and its prime location suggest significant future returns.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ridge
    County
    Fannin - GA
    State
    Georgia
    Longitude
    -84.3190145
    Latitude
    34.8705347

    Comparable in this City

    • $1,795,000
      2,250 SF

      Historic Downtown Blue Ridge Gem

      Two-level mixed-use building in a prime downtown location.
      240 Main St, Blue Ridge, GA 30513
      View Details
    • Contact for pricing
      1,380 SF

      Blue Ridge Retail/Office Space

      Prime commercial space in Blue Ridge, available June 1, 2026.
      3900 East First St, Blue Ridge, GA 30513
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    • $2,740,000
      15,645 SF

      Historic Downtown Mixed-Use Landmark

      Charming historic building in downtown Blue Ridge with income potential.
      990 E Main St, Blue Ridge, GA 30513
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    • $3,675,000
      9,200 SF

      Renovated Retail Building in Blue Ridge

      Multi-tenant retail building with investment or owner/user potential.
      10091 Blue Ridge Dr, Blue Ridge, GA 30513
      View Details
    • $1,235,000
      1.10 Acres

      Prime Corner Lot in Blue Ridge

      1.1-acre corner lot with a 1930 farmhouse in downtown Blue Ridge.
      200 River St, Blue Ridge, GA 30513
      View Details
    • $425,000
      0.03 Acres

      Downtown Blue Ridge Fixer-Upper Opportunity

      Prime downtown Blue Ridge property with immense potential.
      288 Church St, Blue Ridge, GA 30513
      View Details

    Similar Nearby for Sale

    • $3,675,000
      9,200 SF

      Renovated Retail Building in Blue Ridge

      Multi-tenant retail building with investment or owner/user potential.
      10091 Blue Ridge Dr, Blue Ridge, GA 30513
      View Details
    • $1,235,000
      1.10 Acres

      Prime Corner Lot in Blue Ridge

      1.1-acre corner lot with a 1930 farmhouse in downtown Blue Ridge.
      200 River St, Blue Ridge, GA 30513
      View Details
    • $1,795,000
      2,250 SF

      Historic Downtown Blue Ridge Gem

      Two-level mixed-use building in a prime downtown location.
      240 Main St, Blue Ridge, GA 30513
      View Details
    • Contact for pricing
      1,380 SF

      Blue Ridge Retail/Office Space

      Prime commercial space in Blue Ridge, available June 1, 2026.
      3900 East First St, Blue Ridge, GA 30513
      View Details
    • $2,740,000
      15,645 SF

      Historic Downtown Mixed-Use Landmark

      Charming historic building in downtown Blue Ridge with income potential.
      990 E Main St, Blue Ridge, GA 30513
      View Details
    • $425,000
      0.03 Acres

      Downtown Blue Ridge Fixer-Upper Opportunity

      Prime downtown Blue Ridge property with immense potential.
      288 Church St, Blue Ridge, GA 30513
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Location Retail Opportunity

      Excellent location for business to thrive in Blue Ridge.
      2696 E First St, Blue Ridge, GA 30513
      View Details
    • Contact for pricing

      Blue Ridge Retail/Restaurant Opportunity

      Prime location suitable for retail or restaurant in Blue Ridge.
      2664 E First St, Blue Ridge, GA 30513
      View Details
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    Blue Ridge, GA 30513
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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.

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    245 Main St, Blue Ridge, GA, 30513

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