Property profile

691 Hist Hwy 441 N Demorest, GA 30535

FOR LEASE
Strip malls
Property ID
US22-1069791
15,646 SF 1.04 ac lot Built 2005
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Total area 15,646 SF
Lot 1.04 ac (45,302 SF)
Zoning code HI
APN 075 044
UPID US22-1069791

Cap rate & NOI

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

Location

691 Hist Hwy 441 N Demorest, GA 30535
Demorest metro Census 502 CORNELIA, GA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.79M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.69M

Owner & transaction history

since 2023
Last sale
$1.7M
3 recorded transactions
2023
$1.7M
2006
$1.6M
2005
$357,000

Zoning & alternative use

HI · Demorest, GA
Top alternative use upside
Commercial (general) $2.1M +120.9%
Apartment house (5+ units) $1.8M +89.0%
Auto repair, garage $1.5M +56.7%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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