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

    549 Main St Cleveland, GA 30528-1411

    • Medical offices
    • 2,595 SF
    • 0.52 lot acres
    OFF-MARKET
    Last Sale
    Oct 30, 2023
    $375,000
    Value Estimations
    $420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2059131
    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

    • Jodie L. Bochat at Homeowners Financial Group USA, LLC / Mortgage Lender
    • Dawn Kendall at Homeowners Financial Group USA, LLC / Mortgage Lender
    • Candice Crook at Homeowners Financial Group USA, LLC / Mortgage Lender
    • Primary Care To Go, PC / Walk-In Clinic / Medical Office
    • Homeowners Financial Group / Mortgage Lender / Financial Planner

    Property Details for 549 Main St

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.52 lot acres
    Property size
    2,595 SF
    Zone code
    B2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    C01F 066
    APU
    C01F066

    Description

    This exceptional commercial property, located at 549 S Main Street in Cleveland, Georgia, presents a fantastic opportunity for businesses seeking a prominent location. The building offers a generous 2,595 square feet of space, thoughtfully divided to maximize functionality. The main floor encompasses 1,875 square feet, featuring a welcoming waiting room, a well-equipped front desk area with built-in cabinetry, two bathrooms, a dedicated conference room, and a convenient kitchen area. Six private offices are currently configured, providing ample space for individual work or team collaboration. Adding to the versatility, a finished 720-square-foot attic space offers additional potential for expansion or storage. Situated on a 0.52-acre lot, this property benefits from high visibility and easy access on Main Street, ensuring excellent exposure to potential clients and customers. The asking price is $389,900, and owner financing is available, making this an attractive investment opportunity. This prime commercial location is ideal for a variety of businesses seeking a well-appointed and conveniently located space in the heart of Cleveland, Georgia. The property's layout and features make it suitable for professional offices, medical practices, or other businesses requiring a blend of private and collaborative workspaces. Don't miss this chance to secure a thriving business location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $420,000
      ML approach
      $410,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $370,000
      AUTO REPAIR, GARAGE
      $285,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    White
    State
    Georgia
    Longitude
    -83.7607
    Latitude
    34.5899

    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
    0
    $0.00
    $38,000
    $26,440
    $64,440
    -
    $95,000
    $66,100
    $161,100

    Comparable in this City

    • Value Estimation
      $350,000

      262 Main St

      MEDICAL BUILDING
      262 Main St, Cleveland, GA 30528-1403
      View Details
    • Value Estimation
      $625,000
      6,836 SF

      84 Helen Hwy

      MEDICAL BUILDING • 6,836 SF
      84 Helen Hwy, Cleveland, GA 30528-7804
      View Details
    • Value Estimation
      $515,000
      11,700 SF

      2578 Helen Hwy

      MEDICAL BUILDING • 11,700 SF
      2578 Helen Hwy, Cleveland, GA 30528-2848
      View Details
    • Value Estimation
      $120,000
      3,636 SF

      84 Underwood St

      MEDICAL BUILDING • 3,636 SF
      84 Underwood St, Cleveland, GA 30528-1272
      View Details
    • Value Estimation
      $475,000
      2,176 SF

      56 Allison Dr

      MEDICAL BUILDING • 2,176 SF
      56 Allison Dr, Cleveland, GA 30528-1098
      View Details
    • Value Estimation
      $330,000
      3,536 SF

      515 Kytle St

      MEDICAL BUILDING • 3,536 SF
      515 Kytle St, Cleveland, GA 30528-1339
      View Details

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    Similar Nearby for Lease

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    Cleveland, GA 30528-1411
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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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