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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    46 Hwy 123 Toccoa, GA 30577-6297

    • Commercial real estate
    • 1,584 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Aug 19, 2022
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2493518
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 46 Hwy 123

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.31 lot acres
    Property size
    1,584 SF
    Zone code
    B-II
    Property type
    Commercial real estate
    APN
    T27 077
    APU
    T27077

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $190,000
      Market price range: $34.5k - $190k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Toccoa
    County
    Stephens
    State
    Georgia
    Longitude
    -83.3134
    Latitude
    34.5764
    CBSA code
    45740
    CBSA name
    TOCCOA, GA MICROPOLITAN 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
    $995
    $14,120
    $14,012
    $28,132
    -
    $35,300
    $35,029
    $70,329

    Comparable in this City

    • Value Estimation by Request
      1.90 Acres

      302 Memorial Dr

      Land • 1.90 Acres
      302 Memorial Dr, Toccoa, GA 30577
      View Details
    • Value Estimation by Request
      1.43 Acres

      Currahee St

      Land • 1.43 Acres
      0 Currahee St, Toccoa, GA 30577
      View Details
    • Value Estimation
      $50,000
      600 SF

      59-63 Collins Rd

      COMMERCIAL (GENERAL) • 600 SF
      59-63 Collins Rd, Toccoa, GA 30577
      View Details
    • Value Estimation
      $305,000
      1,216 SF

      87 Lacount Dr

      COMMERCIAL (GENERAL) • 1,216 SF
      87 Lacount Dr, Toccoa, GA 30577-6269
      View Details
    • Value Estimation
      $230,000
      3,504 SF

      292 Old Clarksville Rd

      COMMERCIAL (GENERAL) • 3,504 SF
      292 Old Clarksville Rd, Toccoa, GA 30577-6973
      View Details
    • Value Estimation
      $240,000
      9,400 SF

      166 Tugalo St

      COMMERCIAL (GENERAL) • 9,400 SF
      166 Tugalo St, Toccoa, GA 30577-6402
      View Details

    Similar Nearby for Sale

    • $150,000
      1.43 Acres

      Toccoa Commercial Land: Prime Location

      1.43 Acres, High-Traffic Area, Development Potential
      0 Currahee St, Toccoa, GA 30577
      View Details
    • $651,780
      96.56 Acres

      96-Acre Commercial Land, Toccoa, GA

      Prime Stephens County acreage; endless development potential.
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    • $550,000
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      999 Big A Rd / Hwy, Toccoa, GA 30577

      Commercial real estate • 2,400 SF
      999 Big A Rd / Hwy, Toccoa, GA 30577
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    • $90,000
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      Toccoa Restaurant & Bar - $90K

      Prime location, fully equipped, immediate occupancy.
      655 Pond St, Toccoa, GA 30577
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    • Contact for pricing
      1.90 Acres

      Toccoa, GA Commercial Land Outlot

      ±1.9 Acres, High-Visibility Development Site
      302 Memorial Dr, Toccoa, GA 30577
      View Details
    • $1,200,000
      10,640 SF

      Prime Toccoa Commercial Property

      Spacious building, ample land, high visibility.
      21 Midget Dr, Toccoa, GA 30577
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      211,046 SF

      Prime Toccoa Industrial Space

      Large Manufacturing/Warehouse - 211,046 SF
      546 Old Liberty Hill Rd, Toccoa, GA 30577
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    • $1,400 /Mo
      2,432 SF

      Toccoa Office Space For Rent

      Prime office space in Toccoa, GA, ready for occupancy.
      131 W Sage St, Toccoa, GA 30577
      View Details
    • $2,500 /Mo
      2,500 SF

      Toccoa Commercial Space For Lease

      Versatile warehouse and office space in a prime location.
      285 Big A Rd, Toccoa, GA 30577
      View Details
    • $3,500 /Mo
      8,650 SF

      Toccoa Warehouse with Showroom Space

      Industrial warehouse with showroom, office, and food truck space.
      341 Big A Rd, Toccoa, GA 30577
      View Details
    • $35 SF/Yr
      306 SF

      Toccoa Retail Space - Prime Location

      Restaurant Ready, High Traffic Area, 306 sq ft
      655 Pond St, Toccoa, GA 30577
      View Details
    • $1,500 /Mo
      306 SF

      Toccoa Commercial Lease Opportunity

      Prime commercial location in Toccoa, GA for lease.
      655 S Pond St, Toccoa, GA 30577
      View Details
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    46 Hwy 123
    Toccoa, GA 30577-6297
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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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