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Property profile & analytics
OFF-MARKET
Estimated value
$450,000
Retail space
42 Main St Ellijay, GA 30540-3335
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-3125949
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1938
Construction
STEEL FRAME
Total area
3,875 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CBD
APN
10122 003
UPID
US22-3125949
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
-
Beauty Barre Gym & Fitness Center
-
ellijay | POSH & The Weekender Hair Salon Nail Salon
-
The House of Threads Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$450k
Owner & transaction history
J Chance Investments LLC · 3 yrs held
J Chance Investments LLC
since 2022
Last sale
$457,500
2 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
$450,000
ML approach
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$450k
Range $405k – $495k · ±10% · vs last sale $458k (Oct 20 2022)
Last sale anchor
$458k
Oct 20 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
$116 / 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
$2,586
Tax year 2023
Assessed value
$142,240
Assessed 2023
Previous assessed
$77,800
+82.8% YoY
Effective rate
1.82%
On assessed value
Assessed land
$49,200
Assessed improvement
$93,040
Land market value
$123,000
Improvement market value
$232,600
Total market value
$355,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1938
Construction
STEEL FRAME
Heating
RADIANT
Total area
3,875 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CBD
APN
10122 003
UPID
US22-3125949
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
1938
Construction
STEEL FRAME
Heating
RADIANT
Lot
0.1 ac
Current owner
From public records · entity-resolved
J Chance Investments LLC
Entity
Mailing address
PO BOX 95, BLUE RIDGE, GA 30513-0002
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
$457,500
J Chance Investments LLC
Prime Real Estate Properties LLC
Warranty Deed
—
Jun 29, 2006
$360,000
Prime Real Estate Properties L
Barry E Cowan
Deed
$302,400 · Bank Of North Georgia
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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