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    319 Washington St Clarkesville, GA 30523
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    Property profile & analytics

    319 Washington St Clarkesville, GA 30523

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    • Commercial real estate
    • 0.32 lot acres
    Off-Market
    Property ID
    US22-1946305
    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

    • Commercial real estate

    Property Details for 319 Washington St

    Year built
    2024
    Lot size
    0.32 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.32-acre commercial lot is strategically located at 319 Washington Street in Clarkesville, Georgia, offering unparalleled visibility and accessibility. Situated on Washington Street/Highway 197 South, this property benefits from high traffic counts and is positioned within a thriving commercial district on the south end of Clarkesville, just outside the historic area. The lot presents a compelling investment opportunity for both buy-and-hold investors seeking intermediate returns and developers looking to expand their portfolio. Its prime location makes it ideal for a variety of commercial uses, including multi-tenant construction or retail development. The property's high-profile location is further enhanced by its proximity to established businesses such as Taco Bell, Zaxby's, and Wendy's, ensuring high foot traffic and brand recognition. This presents a unique chance to capitalize on the growing commercial sector in Clarkesville and establish a strong presence in a vibrant and expanding market. The lot's size and location make it an attractive prospect for developers considering assemblage with neighboring parcels to create a larger-scale commercial development. This is a rare opportunity to acquire a highly visible and well-located commercial lot in a rapidly developing area. The asking price for this exceptional property is $229,000.

    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
    Clarkesville
    County
    Habersham
    State
    Georgia
    Longitude
    -83.51811
    Latitude
    34.60166

    Comparable in this City

    • $349,000
      4.43 Acres

      Clarkesville Commercial Corner Lot

      High-traffic, 4.43-acre development site
      Tugalo Short Cut Rd, Clarkesville, GA 30523
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    • $495,000
      1,816 SF

      Clarkesville Commercial Property - Great Potential

      Versatile Property: Office & Residential
      1301 Historic Hwy, Clarkesville, GA 30523
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    • $335,000
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      000. FINANCIALS AVAILABLE UPON REQUEST.""""}"""

      Clarkesville Restaurant & Real Estate
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      1.04 Acres

      Golf Course Frontage Land

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      Residential Lot in Golf Community

      Residential lot in The Orchard golf community with mountain views.
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      1.04 Acres

      Golf Course Frontage Lot

      1.04 acre lot with golf course and stream frontage.
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    Similar Nearby for Sale

    • $349,000
      4.43 Acres

      Clarkesville Commercial Corner Lot

      High-traffic, 4.43-acre development site
      Tugalo Short Cut Rd, Clarkesville, GA 30523
      View Details
    • $495,000
      1,816 SF

      Clarkesville Commercial Property - Great Potential

      Versatile Property: Office & Residential
      1301 Historic Hwy, Clarkesville, GA 30523
      View Details
    • $335,000
      1,065 SF

      000. FINANCIALS AVAILABLE UPON REQUEST.""""}"""

      Clarkesville Restaurant & Real Estate
      1193 Hist Hwy, Clarkesville, GA 30523
      View Details
    • Contact for pricing
      1.04 Acres

      Golf Course Frontage Land

      1.04 acre lot with golf course and stream frontage.
      Imperial Ct, Clarkesville, GA 30523
      View Details
    • Contact for pricing

      Residential Lot in Golf Community

      Residential lot in The Orchard golf community with mountain views.
      Plum Ln, Clarkesville, GA 30523
      View Details
    • Contact for pricing
      1.04 Acres

      Golf Course Frontage Lot

      1.04 acre lot with golf course and stream frontage.
      Imperial Ct, Clarkesville, GA 30523
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      11,000 SF

      New Construction Office/Warehouse Space

      New construction office/warehouse space for lease in Clarkesville, GA.
      108 Hollywood Hills Rd, Clarkesville, GA 30523
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    • $7 SF/Yr
      4,800 SF

      Industrial Warehouse Space Available

      4,800 SF warehouse space for lease in Clarkesville, GA.
      390 Grandis Heights Cir, Clarkesville, GA 30523
      View Details
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    319 Washington St
    Clarkesville, GA 30523
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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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