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Property profile & analytics
OFF-MARKET Estimated value $4,670,000
Warehouses

255 Homer St Commerce, GA 30529-1815

78,339 SF 12.72 ac lot Built 1966
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US22-2488280
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1966
Total area 78,339 SF
Lot 12.72 ac (554,083 SF)
Zoning code 1
APN C14 130
UPID US22-2488280
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pavo Corporation Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.59M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.75M
Blend (final) Blend
$4.67M
Owner & transaction history
255 Homer LLC · 3 yrs held
255 Homer LLC
since 2023
Last sale
$4.6M
6 recorded transactions
2023
$4.6M
2017
$650,000
2012
$200,000
2012
$200,000
2008
Price N/A
2007
Price N/A
Zoning & alternative use
1 · Commerce, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $7.0M +16.5%
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