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Property profile & analytics
FOR SALE
Office buildings
41 North Ave Ellijay, GA 30540
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US22-3060474
For Sale
1 / 48
$995,000
41 North Ave, Ellijay, GA 30540
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
STEEL FRAME
Total area
1,560 SF
Lot
0.14 ac (6,098 SF)
Zoning code
CBD
APN
10183 024
UPID
US22-3060474
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$255k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$255k
Owner & transaction history
Locust Post Properties LLC · 8 yrs held
Locust Post Properties LLC
since 2017
4 recorded transactions
Zoning & alternative use
CBD · Ellijay, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote central business district
Zone name
Central Business District
General category
COMMERCIAL
Zone area
26.06 ac
Source
Realmo
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
by Request
ML approach
$255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$255k
Range $230k – $281k · ±10%
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
$163 / 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
$1,714
Tax year 2023
Assessed value
$94,280
Assessed 2023
Previous assessed
$94,280
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$32,240
Assessed improvement
$62,040
Land market value
$80,600
Improvement market value
$155,100
Total market value
$235,700
Applied tax rate
1.0000
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
1930
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Total area
1,560 SF
Lot
0.14 ac (6,098 SF)
Zoning code
CBD
APN
10183 024
UPID
US22-3060474
Jurisdiction
GILMER
Zoning & alternative use
CBD · Ellijay, GAZoning CBD · permitted uses
CBD · Ellijay, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote central business district
Zone name
Central Business District
General category
COMMERCIAL
Zone area
26.06 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1930
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Locust Post Properties LLC
Entity
Mailing address
PO BOX 1213, ELLIJAY, GA 30540-0016
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2017
$127,500
Locust Post Properties LLC
Dennis C Damron
Warranty Deed
$135,000 · United Community Bank
May 27, 2016
$106,250
Dennis C Damron
Home Preference LLC
Warranty Deed
$85,000 · Mountain Lakes Mortgage
Jan 27, 2014
—
Home Preference LLC
Leslie W Leech
Warranty Deed
—
Dec 15, 2005
$175,000
JR Leslie W Leech
H Clyde Edwards
Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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