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    2646 Fls Rd Toccoa, GA 30577-2478
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    Property profile & analytics

    2646 Fls Rd Toccoa, GA 30577-2478

    View on Map
    • Grocery and convenience stores
    • 1,456 SF
    • 1.47 lot acres
    Off-Market
    Last Sale Mar 5, 2021
    $86,666
    Property ID
    US22-2341783
    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

    • Black Mountain Food Mart / Gas Station
    • Falls Road Convenience Store / Grocery & Convenience Store
    • Black Mountain Food Mart Inc / Grocery & Convenience Store / Food Market

    Property Details for 2646 Fls Rd

    Year built
    1982
    Construction
    FRAME
    Lot size
    1.47 lot acres
    Property size
    1,456 SF
    Zone code
    B-I
    Property type
    Grocery and convenience stores
    APN
    018 044
    APU
    18044

    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
    Toccoa
    County
    Stephens
    State
    Georgia
    Longitude
    -83.3565
    Latitude
    34.6114
    CBSA code
    45740
    CBSA name
    TOCCOA, GA MICROPOLITAN STATISTICAL AREA

    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
    2023
    $1,805
    $6,680
    $44,339
    $51,019
    -
    $16,700
    $110,848
    $127,548

    Comparable in this City

    • Value Estimation by Request
      4,160 SF

      5349 Hwy 123

      CONVENIENCE STORE • 4,160 SF
      5349 Hwy 123, Toccoa, GA 30577-1991
      View Details
    • Value Estimation
      $590,000
      8,000 SF

      2711 Hwy 17th Alt

      CONVENIENCE STORE • 8,000 SF
      2711 Hwy 17th Alt, Toccoa, GA 30577-6682
      View Details
    • Value Estimation by Request
      2,240 SF

      1586 Big A Rd

      CONVENIENCE STORE • 2,240 SF
      1586 Big A Rd, Toccoa, GA 30577-6015
      View Details
    • Value Estimation
      $1,510,000
      4,008 SF

      3386 Currahee St

      CONVENIENCE STORE • 4,008 SF
      3386 Currahee St, Toccoa, GA 30577-8517
      View Details
    • Value Estimation by Request
      4,536 SF

      18 Hwy 123

      CONVENIENCE STORE • 4,536 SF
      18 Hwy 123, Toccoa, GA 30577-6297
      View Details
    • Value Estimation by Request
      1,798 SF

      30 Broad St

      CONVENIENCE STORE • 1,798 SF
      30 Broad St, Toccoa, GA 30577-3356
      View Details

    Similar Nearby for Sale

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      2,612 SF

      Toccoa Commercial Building on Highway

      2,612 sq.ft. commercial building on 1.76-acre lot.
      2921 Highway 17 Alt, Toccoa, GA 30577
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    • $1,050,000
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      Toccoa Retail/Commercial Opportunity For Sale

      Two-story, 5,320 SF building on 2.32 acres in Toccoa, GA.
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    • $875,000
      Pending

      Toccoa Commercial Property For Sale

      High-visibility commercial property in Toccoa, ready for restaurant or retail.
      1589 Big A Rd, Toccoa, GA 30577
      View Details
    • $160,000
      130.00 Acres

      Toccoa Mixed-Use Commercial Property

      Downtown Toccoa mixed-use property with business and living potential.
      160 E Currahee St, Toccoa, GA 30577
      View Details
    • $999,000

      Toccoa Commercial Property For Sale

      Prime commercial property in Toccoa with high traffic and visibility.
      1589 Big A Rd, Toccoa, GA 30577
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    • $550,000

      Commercial Pad Site For Sale

      0.62 AC commercial pad site available for sale.
      2421 Big A Rd, Toccoa, GA 30577
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    Similar Nearby for Lease

    • $35 SF/Yr
      306 SF

      Toccoa Retail Space - Prime Location

      Restaurant Ready, High Traffic Area, 306 sq ft
      655 Pond St, Toccoa, GA 30577
      View Details
    • $12 SF/Yr

      Toccoa Plaza Retail/Office Spaces

      Retail and office spaces available for lease in Toccoa, GA.
      620 Big A Rd, Toccoa, GA 30577
      View Details
    • Contact for pricing

      Toccoa Commercial Property For Lease

      Commercial property available for lease in Toccoa, Georgia.
      546 Old Liberty Hill Rd, Toccoa, GA 30577
      View Details
    • $6 SF/Yr
      2,640 SF

      Toccoa Commercial Office Space Available

      Multi-use commercial office space for lease in Toccoa, GA.
      296 W Currahee St, Toccoa, GA 30577
      View Details
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    Toccoa, GA 30577-2478
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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.

    More about this property
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