255 Homer St Commerce, GA 30529
- Warehouses
- 78,339 SF
- 12.72 lot acres
Current Use by Public Records
- Pavo Corporation / Millwork Shop
Property Details for 255 Homer St
- Year built
- 1966
- Lot size
- 12.72 lot acres
- Property size
- 78,339 SF
- Zone code
- 1
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- C14 130
- APU
- C14130
Description
This exceptional 90,000-square-foot industrial property, situated on 13.399 acres in Commerce, Georgia, presents a unique investment opportunity. The building, constructed in 1966 and extensively renovated in 2024, features two suites totaling 90,000 square feet, with a minimum divisible space of 24,645 square feet. Currently, 49,866 square feet is available for lease. The property boasts a two-story design with a 19-foot ceiling height on the main level and a 9-foot ceiling height on the lower level. The main level offers 25,221 square feet, including 21,068 square feet of warehouse space and 4,153 square feet of office space, complete with a private office, break room, and multiple workspaces. The lower level comprises 24,645 square feet of warehouse space. Four dock-high doors (7.9 feet high) and two drive-in doors provide ample loading and unloading capabilities. The property also includes 80 total parking spaces, a significant advantage for employees and clients. The building is equipped with a single elevator, 3-phase 800-amp, 208-volt power, and features a 433-foot frontage on Homer Street, conveniently located near View Street. Zoned for industrial use (APN: C14 130), this property is ideally suited for manufacturing, flex, warehouse, distribution, or R&D operations. Its proximity to downtown Commerce and Interstate 85 provides excellent accessibility. The property taxes are $0.12 per square foot. The owner is willing to subdivide the space to accommodate various tenant needs. This property offers a blend of modern amenities and a prime location, making it an attractive option for businesses seeking flexible and functional space in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,770,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,530,000
- 6.5%
- $4,330,000
- 7%
- $4,980,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,785,000
- Geo Method
- $4,895,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,120,000
- Retail
- $5,140,000
- Mixed-Use
- $5,220,000
- Hospitality
- $4,225,000
- Educational
- $4,590,000
- Residential Income
- $4,800,000
- Energy
- $5,105,000
- Income-Based Land
- $5,070,000
- Food Service
- $4,745,000
Location Insight
- Map
- Local Demand
- City
- Commerce
- County
- Jackson
- State
- Georgia
- Longitude
- -83.4581
- Latitude
- 34.2068
- CBSA code
- 27600
- CBSA name
- JEFFERSON, GA MICROPOLITAN STATISTICAL AREA
