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Property profile & analytics
FOR SALE
Office buildings
36 Mulberry St, Ellijay, GA 30540
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-3354820
For Sale
1 / 48
$1,250,000
36 Mulberry St, Ellijay, GA 30540
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Property summary
AI-generated overview
This exceptional 9,128 square foot commercial building at 36 Mulberry Street, Ellijay, GA, presents a unique investment opportunity. The 4-sided brick structure boasts high visibility and convenient access directly off Highway 515, ensuring significant foot and vehicle traffic. Previously utilized as a medical office, the property features six entrances and eight private suites, offering remarkable flexibility for a diverse range of commercial ventures. Potential uses include multi-tenant offices, a medical facility, or retail space. While some updates are recommended, the building provides a solid foundation for customization. The sale includes an adjacent 0.44-acre lot (Tax ID #20206 027), along with comprehensive CAD drawings for a proposed 22-space parking lot and covered drop-off area. This expansion plan significantly enhances accessibility and overall property value. Located in a highly desirable Ellijay area, this property offers unparalleled potential for a discerning buyer seeking a prominent commercial presence. The high-traffic location and adaptable space create endless possibilities for establishing a thriving business. This is a rare chance to secure a prime commercial property in one of Ellijay's most visible and accessible locations.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
9,128 SF
Lot
0.44 ac (19,166 SF)
Zoning code
C2
APN
20206 029
UPID
US22-3354820
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$923k
Blend (final)
Blend
$750k
Owner & transaction history
Mulberry Medical LLC · 3 yrs held
Mulberry Medical LLC
since 2022
Last sale
$750,000
1 recorded transaction
Zoning & alternative use
C2 · East Ellijay, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ellijay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellijay submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$670,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,055,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Oct 14 2022)
Last sale anchor
$750k
Oct 14 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$82 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,552
Tax year 2023
Assessed value
$347,120
Assessed 2023
Previous assessed
$269,800
+28.7% YoY
Effective rate
1.60%
On assessed value
Assessed land
$31,680
Assessed improvement
$315,440
Land market value
$79,200
Improvement market value
$788,600
Total market value
$867,800
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1989
Construction
STEEL FRAME
Heating
HEAT PUMP
Total area
9,128 SF
Lot
0.44 ac (19,166 SF)
Zoning code
C2
APN
20206 029
UPID
US22-3354820
Jurisdiction
GILMER
Zoning & alternative use
C2 · East Ellijay, GA
Zoning C2 · permitted uses
C2 · East Ellijay, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Ellijay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
HEAT PUMP
Lot
0.44 ac
Current owner
From public records · entity-resolved
Mulberry Medical LLC
Entity
Mailing address
4805 OLD HWY 76, BLUE RIDGE, GA 30513-5561
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
$750,000
Mulberry Medical LLC
Thomas Be SR Estate
Warranty Deed
$520,000 · Morris Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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