Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    290 Main St Rutledge, GA 30663-2524
    Property profile & analytics

    290 Main St, Rutledge, GA 30663-2524

    View on Map
    • Manufacturing properties
    • 9,405 SF
    • 2.00 lot acres
    Off-Market
    Last Sale Jun 15, 2025
    Property ID
    US22-3612922
    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

    • Georgia Roof & Building Panels / Roofing Company / General Contractor
    • Georgia Insulation Rutledge / General Contractor / Renovation Specialist

    Property Details for 290 Main St

    Year built
    1981
    Lot size
    2.00 lot acres
    Zone code
    R4
    Property type
    Manufacturing properties
    APN
    R02 028
    APU
    R02028

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 15, 2025 — Td Property Holdings LLC Ted Joseph Medford Warranty Deed —
    Apr 7, 2023 $165,000 Ted Joseph Medford Don Stevens Warranty Deed $145k · Stevens Don
    Jan 30, 2015 $120,000 Don Stevens Bandit Hildings LLC Warranty Deed —
    Apr 22, 2014 $93,000 Bandit Hildings LLC Martin L Mcclure Warranty Deed $80k · Penn Ronald S
    Apr 6, 2009 $175,000 Martin L Mcclure Bp Holding Company Deed $140k · Bp Holding Company

    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
    Rutledge
    County
    Morgan
    State
    Georgia
    Longitude
    -83.6044
    Latitude
    33.6244
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN 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
    $2,268
    $8,000
    $77,268
    $85,268
    -
    $20,000
    $193,169
    $213,169

    Comparable in this City

    • Value Estimation
      $715,000
      33,105 SF

      219 Newborn Rd

      MANUFACTURING (LIGHT)
      219 Newborn Rd, Rutledge, GA 30663-2672
      View Details
    • Value Estimation by Request
      4,000 SF

      159 Newborn Rd

      MANUFACTURING (LIGHT)
      159 Newborn Rd, Rutledge, GA 30663-2652
      View Details
    • Value Estimation by Request
      13,416 SF

      4250 Davis Academy Rd

      MANUFACTURING (LIGHT)
      4250 Davis Academy Rd, Rutledge, GA 30663-2633
      View Details
    • Value Estimation by Request

      135 Martha Ln

      Distribution properties
      135 Martha Ln, Rutledge, GA 30663
      View Details
    • Value Estimation by Request
      2,730 SF

      123 Main St

      MINI-WAREHOUSE, STORAGE
      123 Main St, Rutledge, GA 30663-2545
      View Details
    • Value Estimation by Request
      6,070 SF

      233 Fairplay St

      MINI-WAREHOUSE, STORAGE
      233 Fairplay St, Rutledge, GA 30663
      View Details

    Similar Nearby for Sale

    • $10,886,775
      287.25 Acres

      287-Acre Land Parcel in Rutledge

      287-acre investment property near Rivian megasite with development potential.
      Fears Rd, Rutledge, GA 30663
      View Details
    • $425,000
      30.00 Acres

      Morgan County Land with Pond

      30+ acre Rutledge, GA tract with pond and creeks.
      Dickson Rd, Rutledge, GA 30663
      View Details
    • $1,845,900

      175 Acres Hunting Recreational Retreat

      Private 175-acre hunting and recreational retreat near Atlanta.
      2230 Reese Rd, Rutledge, GA 30663
      View Details
    • $1,675,000

      Rutledge Land Investment Opportunity

      10.25 acres near Rivian plant with mixed-use development potential.
      5521 Atlanta Hwy, Rutledge, GA 30663
      View Details
    • $425,000
      30.64 Acres

      30+ Acres in Morgan County

      Land with pond site and creeks near Rutledge, Georgia.
      Dickson Rd, Rutledge, GA 30663
      View Details
    • $3,599,000
      254.94 Acres

      255 Acre Rutledge Legacy Farm

      Extraordinary farm with natural beauty, recreation, and country living.
      2190 Reese Rd, Rutledge, GA 30663
      View Details
    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.
    290 Main St
    Rutledge, GA 30663-2524
    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
    290 Main St, Rutledge, GA, 30663
    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!