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

    6724 Cleveland Hwy Clermont, GA 30527-1603

    • Manufacturing properties
    • 12,500 SF
    • 8.89 lot acres
    OFF-MARKET
    Last Sale
    Nov 02, 2022
    $4,253,235
    Value Estimations
    $3,510,000
    Show details
    Cap Rate Potential
    2.2%
    Manufacturing properties
    Location Intelligence
    Property ID
    US22-0034721
    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

    • Liquid Waste Management Holdings Llc / Waste Management Facility / Hazardous Waste Disposal

    Property Details for 6724 Cleveland Hwy

    Year built
    2008
    Lot size
    8.89 lot acres
    Property size
    12,500 SF
    Zone code
    H-B
    Property type
    Manufacturing properties
    APN
    12-084 -000-053
    APU
    12084000053

    Description

    This exceptional 15,135-square-foot industrial building is available for lease in Clermont, Georgia. Located at 6724 Cleveland Hwy, this single-tenant property sits on 1.65 acres of land and offers a versatile space suitable for flex, warehouse, or manufacturing operations. The building's zoning is Highway Business, providing excellent visibility and accessibility. The property boasts three-phase power, a crucial element for many industrial businesses. The entire 15,135 square feet is currently vacant, presenting a unique opportunity for a business seeking immediate occupancy. Its location in the desirable Hall County submarket of Northeast Georgia offers convenient access to major transportation routes and a strong workforce. This property is ideal for businesses requiring a substantial amount of space with ample power and convenient highway access. The building's flexible design allows for customization to meet specific operational needs. Interested parties should inquire about lease rates. The property address is 6724 Cleveland Hwy, Clermont, GA 30527.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,465,000
      ML approach
      $3,675,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,780,000
      COMMERCIAL (GENERAL)
      $3,500,000
      AUTO REPAIR, GARAGE
      $2,615,000
      MEDICAL BUILDING
      $2,485,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Clermont
    County
    Hall
    State
    Georgia
    Longitude
    -83.755
    Latitude
    34.4978
    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
    $39,601
    $78,922
    $1,209,438
    $1,288,360
    -
    $197,305
    $3,023,595
    $3,220,900

    Comparable in this City

    • Value Estimation
      $1,880,000
      31,992 SF

      5700 Cleveland Hwy

      MANUFACTURING (LIGHT) • 31,992 SF
      5700 Cleveland Hwy, Clermont, GA 30527-2204
      View Details
    • Value Estimation by Request
      2,664 SF

      6680 Cleveland Hwy

      MANUFACTURING (LIGHT) • 2,664 SF
      6680 Cleveland Hwy, Clermont, GA 30527-1602
      View Details
    • Value Estimation by Request
      4,800 SF

      8392 Campground Rd

      MANUFACTURING (LIGHT) • 4,800 SF
      8392 Campground Rd, Clermont, GA 30527-1623
      View Details
    • Value Estimation by Request
      2,880 SF

      5324 Cleveland Hwy

      MANUFACTURING (LIGHT) • 2,880 SF
      5324 Cleveland Hwy, Clermont, GA 30527-2200
      View Details
    • Value Estimation by Request
      5,200 SF

      100 Cleveland Hwy

      MANUFACTURING (LIGHT) • 5,200 SF
      100 Cleveland Hwy, Clermont, GA 30527-1810
      View Details
    • Value Estimation by Request
      3,120 SF

      6571 Cleveland Hwy

      MANUFACTURING (LIGHT) • 3,120 SF
      6571 Cleveland Hwy, Clermont, GA 30527-1606
      View Details

    Similar Nearby for Sale

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      Prime Clermont Agricultural Land

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      Private, fenced farm with pastures, springs, and multiple buildings.
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      3,500 SF

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      Georgia medical office, 3,500 SF, owner-user opportunity.
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      5.74 acre tract perfect for primary residence or getaway.
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    Similar Nearby for Lease

    • $1,250 /Mo

      Commercial Space Near Downtown Cleveland

      Commercial space suitable for offices or retail, near downtown.
      6911 Cleveland Hwy, Clermont, GA 30527
      View Details
    • $450 /Mo
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      Clermont Commercial Space Available

      Upstairs commercial space near Clermont/Cleveland area, ideal for offices.
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      View Details
    • $450 /Mo
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      Clermont Commercial Space For Rent

      Commercial space available in a prime location on Hall/White County Line.
      6911 Cleveland Hwy, Clermont, GA 30527
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    • $1,250 /Mo
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      Commercial Space in Clermont, GA

      Commercial space in prime location, suitable for offices or retail.
      6911 Cleveland Hwy, Clermont, GA 30527
      View Details
    • $13,460 /Mo
      293,159 SF

      High-Visibility Corner Lot for Lease

      Exceptional leasing opportunity on a high-traffic corner lot.
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      View Details
    • New
      $1,250 /Mo
      1,195 SF

      Commercial Space in Clermont, GA

      Commercial space in prime location, minutes from Cleveland or Gainesville.
      6911 Cleveland Hwy, Clermont, GA 30527
      View Details
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    Clermont, GA 30527-1603
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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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