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

    Airport Rd Cornelia, GA 30531

    • Manufacturing properties
    • 52,800 SF
    • 11.43 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2024
    $1,132,031
    Value Estimations
    $1,130,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3780584
    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

    • Manufacturing properties

    Property Details for Airport Rd

    Year built
    1968
    Construction
    STEEL FRAME
    Lot size
    11.43 lot acres
    Property size
    52,800 SF
    Zone code
    HI
    Property type
    Manufacturing properties
    APN
    088 037
    APU
    88037

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,130,000
      ML approach
      $1,130,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,459,000
      Market price range: $552k - $2.73M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,775,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cornelia
    County
    Habersham
    State
    Georgia
    Longitude
    -83.5515
    Latitude
    34.505
    CBSA code
    18460
    CBSA name
    CORNELIA, GA MICROPOLITAN 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
    $13,659
    $134,028
    $392,248
    $526,276
    -
    $335,070
    $980,620
    $1,315,690

    Comparable in this City

    • Value Estimation
      $1,025,000
      243,918 SF

      Wayside St

      FOOD PACKING, PACKING PLANT • 243,918 SF
      Wayside St, Cornelia, GA 30531
      View Details
    • Value Estimation
      $2,000,000
      146,295 SF

      834 Airport Rd

      MANUFACTURING (LIGHT) • 146,295 SF
      834 Airport Rd, Cornelia, GA 30531-5620
      View Details
    • Value Estimation
      $590,000
      17,636 SF

      2130 Industrial Blvd

      MANUFACTURING (LIGHT) • 17,636 SF
      2130 Industrial Blvd, Cornelia, GA 30531-3578
      View Details
    • Value Estimation
      $2,800,000
      153,535 SF

      264 Stapleton Rd

      MANUFACTURING (LIGHT) • 153,535 SF
      264 Stapleton Rd, Cornelia, GA 30531-5643
      View Details
    • Value Estimation
      $6,250,000
      286,488 SF

      Us Hwy 441

      HEAVY MANUFACTURING • 286,488 SF
      Us Hwy 441, Cornelia, GA 30531
      View Details
    • Value Estimation by Request
      4,360 SF

      4246 Mud Crk Rd

      MANUFACTURING (LIGHT) • 4,360 SF
      4246 Mud Crk Rd, Cornelia, GA 30531
      View Details

    Similar Nearby for Sale

    • $579,000
      14,510 SF

      Historic Cornelia Industrial Opportunity

      Spacious industrial building in growing downtown Cornelia, Georgia.
      438 Irvin St, Cornelia, GA 30531
      View Details
    • Contact for pricing
      3.53 Acres

      Prime Cornelia Commercial Land

      3.53 Acres, Two Outparcels Available
      281 Carpenters Cv Ln, Baldwin, GA 30531
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    • $385,000
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      High-Potential Cornelia Commercial Property

      Large Corner Lot, Endless Possibilities
      1758 Willingham Ave, Cornelia, GA 30531
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    • $1,500,000
      10.23 Acres

      Land Adjacent to Walmart

      10.23 acres of commercial land in Cornelia, Georgia.
      Chase Rd, Cornelia, GA 30531
      View Details
    • Contact for pricing

      Prime Land Parcels Available

      Two outparcels for sale near major retailers and highway.
      281 Carpenters Cove Ln, Cornelia, GA 30531
      View Details
    • $70,000
      1.29 Acres

      Residential Lot in Woodmont Subdivision

      Residential lot in well-developed Woodmont Subdivision, Cornelia, GA.
      434 Beachwood Dr, Cornelia, GA 30531
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,100 SF

      Industrial Space Available for Lease

      5,100 SF industrial property available for lease.
      997 Airport Rd W, Cornelia, GA 30531
      View Details
    • Contact for pricing
      2,500 SF

      Office Space in Cornelia, Georgia

      Office space available for rent, totaling 2,500 square feet.
      264 Stapleton Rd, Cornelia, GA 30531
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in Cornelia, Georgia

      Retail space with national co-tenancy and high visibility.
      216 Carpenters Cove Ln, Cornelia, GA 30531
      View Details
    • Contact for pricing
      1,800 SF

      Shoppes at Cornelia Retail Space

      Prime Retail Space, 1800 sq ft, High Traffic
      250 Furniture Dr, Cornelia, GA 30531
      View Details
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    Airport Rd
    Cornelia, GA 30531
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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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