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    5439 Thompson Brg Rd Murrayville, GA 30564-1948
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    Property profile & analytics

    5439 Thompson Brg Rd Murrayville, GA 30564-1948

    View on Map
    • Office buildings
    • 1,616 SF
    • 0.33 lot acres
    Off-Market
    Last Sale Mar 8, 2022
    $195,000
    Property ID
    US22-1066035
    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

    • Office buildings

    Property Details for 5439 Thompson Brg Rd

    Year built
    1940
    Construction
    STEEL FRAME
    Lot size
    0.33 lot acres
    Property size
    1,616 SF
    Zone code
    H-B
    Property type
    Office buildings
    APN
    11-082 -000-046
    APU
    11082000046

    Description

    This exceptional special-purpose property, located at 5439 Thompson Bridge Road in Murrayville, Georgia (zip code 30564), presents a unique investment opportunity. Built in 1940 and situated on a 0.33-acre lot, this approximately 2500 square foot building offers significant versatility. Recently renovated, the property boasts updated painting, flooring, roof, light fixtures, windows, HVAC system, and kitchen cabinets. The two-level structure is currently zoned Highway Business and can be adapted to suit a variety of uses. Potential configurations include a technical or professional services office, featuring a reception area, main-level offices, ample storage space, a kitchen, upstairs offices, and/or file storage. The property benefits from excellent accessibility, with two curb cuts providing convenient parking directly off Thompson Bridge Road. Additional access is available from Bark Camp Road at the rear of the property. The location offers high traffic counts and is strategically positioned less than 10 miles from downtown Gainesville and 5 miles from GA400, ensuring strong visibility and convenient access to major transportation routes. All utilities are connected to the property. Asking price is $279,000.

    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
    Murrayville
    County
    Hall
    State
    Georgia
    Longitude
    -83.9057
    Latitude
    34.4178
    CBSA code
    23580
    CBSA name
    GAINESVILLE, GA METROPOLITAN 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
    2024
    $970
    $15,840
    $23,480
    $39,320
    -
    $39,600
    $58,700
    $98,300

    Comparable in this City

    • Value Estimation by Request
      3,742 SF

      5504 Thompson Brg Rd

      OFFICE BUILDING • 3,742 SF
      5504 Thompson Brg Rd, Murrayville, GA 30564-1943
      View Details
    • Value Estimation by Request
      1,295 SF

      603 Major Abercrombie Cir

      OFFICE BUILDING • 1,295 SF
      603 Major Abercrombie Cir, Murrayville, GA 30564-2548
      View Details
    • Value Estimation by Request
      3,296 SF

      5445 Thompson Brg Rd

      OFFICE BUILDING • 3,296 SF
      5445 Thompson Brg Rd, Murrayville, GA 30564-1948
      View Details
    • Value Estimation by Request
      1,300 SF

      5608 Thompson Brg Rd

      MEDICAL BUILDING • 1,300 SF
      5608 Thompson Brg Rd, Murrayville, GA 30564-1202
      View Details
    • Value Estimation by Request
      1,199 SF

      5659 Old Dahlonega Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,199 SF
      5659 Old Dahlonega Hwy, Murrayville, GA 30564-1224
      View Details
    • Value Estimation by Request
      0.72 Acres

      5211 Thompson Brg Rd

      INDUSTRIAL - VACANT LAND • 908 SF
      5211 Thompson Brg Rd, Murrayville, GA 30564-1946
      View Details

    Similar Nearby for Sale

    • $145,000
      0.61 Acres

      Commercial Lot on Thompson Bridge

      0.61-acre commercial lot with high-visibility frontage on Thompson Bridge Road.
      5323 Thompson Bridge Rd, Murrayville, GA 30564
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    • $145,000
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      Thompson Bridge Road Commercial Lot

      0.61-acre commercial lot with high-visibility frontage on Thompson Bridge Road.
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    • $145,000
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      Prime Commercial Lot on Thompson

      0.61-acre lot with high visibility frontage on Thompson Bridge Road.
      5323 Thompson Bridge Rd, Murrayville, GA 30564
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    • $145,000
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      Prime Commercial Lot on Thompson

      0.61-acre lot with high visibility frontage on Thompson Bridge Road.
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    • $199,500
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      Murrayville Land with Mountain Views

      Estate lot with mountain views, suitable for two houses.
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      Land in Desirable Murrayville Setting

      Opportunity to build a custom home in a prime location.
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    Murrayville, GA 30564-1948
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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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