Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    28 N Main St Ellijay, GA 30540
    Back to Search
    Property profile & analytics

    28 N Main St, Ellijay, GA 30540

    View on Map
    • Retail space
    • 1,920 SF
    • 0.05 lot acres
    For Sale
    $1,625,000
    View Listing →
    Downtown Ellijay Commercial Opportunity For Sale
    $1,625,000
    1,920 SF

    Downtown Ellijay Commercial Opportunity

    Renovated commercial building with alcohol sales approval in downtown Ellijay.

    28 N Main Street, Ellijay, GA 30540
    View Listing
    Property ID
    US22-3264506
    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

    • 28 Main / Clothing Store
    • Green Willow Soap / Cosmetic Store

    Property Details for 28 N Main St

    Year built
    1935
    Construction
    STEEL FRAME
    Lot size
    0.05 lot acres
    Zone code
    CBD
    Property type
    Retail space
    APN
    10122 005
    APU
    10122005

    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
    Ellijay
    County
    Gilmer
    State
    Georgia
    Longitude
    -84.482
    Latitude
    34.6951

    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
    $1,191
    $25,240
    $40,280
    $65,520
    -
    $63,100
    $100,700
    $163,800

    Comparable in this City

    • Value Estimation by Request
      1,914 SF

      123 Main St

      RETAIL STORES (PERSONAL SERVICES)
      123 Main St, Ellijay, GA 30540-3343
      View Details
    • Value Estimation by Request
      7,261 SF

      51 Riv St

      RETAIL STORES (PERSONAL SERVICES)
      51 Riv St, Ellijay, GA 30540-3174
      View Details
    • Value Estimation by Request
      6,626 SF

      74 Craig St

      RETAIL STORES (PERSONAL SERVICES)
      74 Craig St, East Ellijay, GA 30540-8109
      View Details
    • Value Estimation by Request
      1,349 SF

      51 Dalton St

      RETAIL STORES (PERSONAL SERVICES)
      51 Dalton St, Ellijay, GA 30540
      View Details
    • Value Estimation
      $525,000
      6,776 SF

      25 Highland Xing

      RETAIL STORES (PERSONAL SERVICES)
      25 Highland Xing, Ellijay, GA 30540
      View Details
    • Value Estimation by Request
      2,304 SF

      14 Main St

      RETAIL STORES (PERSONAL SERVICES)
      14 Main St, Ellijay, GA 30540-3335
      View Details

    Similar Nearby for Sale

    • $642,000
      18.35 Acres

      Ellijay Commercial Land Opportunity

      18.35 acres of commercial land in Ellijay, Georgia.
      966 Progress Rd, Ellijay, GA 30540
      View Details
    • $642,000
      18.35 Acres

      Ellijay Commercial Land Opportunity

      18.35 acres of commercial land in a high-growth area.
      966 Progress Rd, Ellijay, GA 30540
      View Details
    • Contact for pricing
      3,766 SF

      Downtown Ellijay Commercial Building

      Commercial building in downtown Ellijay, Georgia, with redevelopment potential.
      45 S Main St, Ellijay, GA 30540
      View Details
    • Contact for pricing
      1,920 SF

      Downtown Ellijay Commercial Building

      Renovated commercial building with alcohol sales approval in downtown Ellijay.
      28 N Main St, Ellijay, GA 30540
      View Details
    • $600,000

      Income-Producing Commercial Property For Sale

      Fully occupied commercial property with three buildings and four tenants.
      731 Progress Rd, Ellijay, GA 30540
      View Details
    • $589,000
      9,624 SF

      Income-Producing Commercial Property in Ellijay

      Three buildings, four tenants, high-traffic location in Gilmer County.
      731 Progress Rd, Ellijay, GA 30540
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Ellijay Warehouse/Flex Space For Lease

      Versatile warehouse/flex space in Ellijay's growing commercial corridor.
      27 Power Sports Dr, Ellijay, GA 30540
      View Details
    • $1,485 /Mo
      183,388 SF

      Versatile Warehouse/Flex Space Available

      Warehouse/flex space for lease in Ellijay's commercial corridor.
      27 Power Sports Dr, Ellijay, GA 30540
      View Details
    • $4,950 /Mo
      183,388 SF

      Versatile Warehouse/Flex Space Available

      5,940 SF warehouse/flex space for lease in Ellijay.
      27 Power Sports Dr, Ellijay, GA 30540
      View Details
    • Contact for pricing

      Furnished Office Space in Ellijay

      Furnished office space suitable for attorney, CPA, or other professionals.
      51 Broad St, Ellijay, GA 30540
      View Details
    • Contact for pricing

      Ellijay Apartment For Rent

      Charming 2BR/1BA apartment in Ellijay, GA, near local amenities.
      167 Hefner St, Ellijay, GA 30540
      View Details
    • $5,000 /Mo
      217,800 SF

      Ellijay Land Lease Opportunity

      5 acres of versatile land available for lease in Ellijay.
      174 Power Sports Dr, Ellijay, GA 30540
      View Details
    View Listing
    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.
    28 N Main St
    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

    Thank You for Inquiry
    28 N Main St, Ellijay, GA, 30540
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!