Property profile

650 Foster St Cornelia, GA 30531

OFF-MARKET
Warehouses
Property ID
US22-4669343
5,344 SF 8.81 ac lot Built 1961
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,000 square foot metal warehouse presents a compelling investment opportunity in Cornelia, Georgia. Situated on an expansive 11.75-acre lot (8.81 acres directly adjacent to the warehouse and an additional 2.94 acres next door), this property offers significant potential for expansion and diverse uses. Currently configured as a cabinet shop, the warehouse boasts a flexible layout ready for immediate occupancy or customization to suit your specific business needs. A section of the building shows the beginnings of an apartment or office conversion, offering further versatility. The property's strategic location on Highway 441 Bypass ensures high visibility and convenient access. The substantial acreage provides ample room for expansion, additional construction, or simply offers a generous buffer zone. This property is ideal for entrepreneurs seeking a ready-to-use space with significant growth potential or investors looking for a strong return. The combination of size, location, and expansion possibilities makes this a rare find in the Cornelia market. Don't miss this chance to acquire a versatile and strategically located industrial property.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1961
Construction STEEL FRAME
Total area 5,344 SF
Lot 8.81 ac (383,764 SF)
Zoning code AGRI
APN 087C003C
UPID US22-4669343

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

650 Foster St Cornelia, GA 30531-2822
Cornelia metro Census 604 CORNELIA, GA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2025
Last sale
$400,000
2 recorded transactions
2025
$400,000
2018
$170,000

Zoning & alternative use

AGRI · Cornelia, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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