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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
624 Elbert St Elberton, GA 30635-2312
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-3406510
Property summary
AI-generated overview
This exceptional Elberton, Georgia commercial property presents a unique investment opportunity. Located at 624 Elbert St, this 8,000 square foot, Class C building sits on a 1.05-acre lot in Elbert County (zip code 30635). The property's versatile design allows for flexible use as industrial, mixed-use, office, or retail space. Its prime location on a main retail thoroughfare ensures high visibility and easy access to amenities. The building features ample parking with three convenient access points, enhancing both ingress and egress. The open floor plan offers considerable adaptability for various business needs. The property benefits from a high-visibility location near numerous national tenants, making it an attractive option for businesses seeking a strong presence in the area. The seller will consider lease options. This freestanding building offers significant potential for investors and developers seeking a versatile and well-located commercial property. High-visibility signage opportunities are also available.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Construction
STEEL FRAME
Total area
8,000 SF
Lot
1.05 ac (45,738 SF)
Zoning code
ELBERTON
APN
E27 043A
UPID
US22-3406510
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$768k
Blend (final)
Blend
$555k
Owner & transaction history
Yani Construction LLC · 1 yrs held
Yani Construction LLC
since 2025
Last sale
$580,000
3 recorded transactions
Zoning & alternative use
ELBERTON · Elberton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$715,000
+13.8%
Restaurant
$700,000
+11.2%
Commercial (general)
$685,000
+8.9%
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 Elberton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elberton 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$630,000
Current use
AUTO REPAIR, GARAGE
$715,000
Change: +14% · Conversion: Easy
RESTAURANT
$700,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$685,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $580k (Nov 11 2024)
Last sale anchor
$580k
Nov 11 2024
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
$69 / 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
$3,196
Tax year 2023
Assessed value
$129,926
Assessed 2023
Previous assessed
$128,175
+1.4% YoY
Effective rate
2.46%
On assessed value
Assessed land
$76,849
Assessed improvement
$53,077
Land market value
$192,122
Improvement market value
$132,692
Total market value
$324,814
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Total area
8,000 SF
Lot
1.05 ac (45,738 SF)
Zoning code
ELBERTON
APN
E27 043A
UPID
US22-3406510
Jurisdiction
ELBERT
Zoning & alternative use
ELBERTON · Elberton, GA
Zoning ELBERTON · permitted uses
ELBERTON · Elberton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elberton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$715,000
RESTAURANT
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$685,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Lot
1.05 ac
Current owner
From public records · entity-resolved
Yani Construction LLC
Entity
Free & Clear · 1 yrs held
Mailing address
10121 NORTHFIELD RD, NORTHFIELD, OH 44067-1416
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2025
—
Yani Construction LLC
—
Deed
related
$1,400,000 · United Bank
Feb 11, 2025
$580,000
Yani Construction LLC
Boulder Creek Ltd Partnership
Warranty Deed
—
Mar 9, 2009
$592,168
Boulder Creek Limited Partnership
Pineneedle LLC
Deed
$367,000 · National City Bank
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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