Versatile Commercial Property with Residential
1172B Alabama Street Carrollton, GA 30117
1172B Alabama Street, Carrollton, GA, 30117
$699,900
For Sale
$699,900
COMMERCIAL - Carrollton, GA
Property Size4,288 SF
Lot Size6.95 Acres
Price / SF$163.22
Days on Market81
Property Features for 1172B Alabama Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Light indu
- Standard status
- Active
- Size
- 4,288 SF
- Lot size
- 6.95 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3924
Building Details
- Year built
- 1955
Listing Agency
Century 21 Novus Realty
(678) 664-1400
537 Newnan Rd., Carrollton, GA
Listed by
Dylan Wylie · License #369218
(404) 277-3097
Added: Apr 27 Checked: Jul 16 at 7:06 pm
MLS# 151907
Copyright © 2026 West Metro Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Carrollton, this property offers a unique blend of residential and commercial possibilities. The property includes a 4-bedroom, 2-bath brick home featuring a renovated kitchen, updated electrical system, a newer roof, and updated plumbing. The property is equipped with separate plumbing systems, two power meters, and a private well providing backup water to both the home and the barn. The 6.95-acre site is fenced and cross-fenced, suitable for animals, and includes a 3-stall barn with a tack room, and a camper hookup with sewage dump. A large 50x66 shop with roll-up doors and pull-through access accommodates large vehicles, including 18-wheelers. An additional 25x28 heated and cooled building with existing security provides flexibility for business, storage, or expansion. The property also features a saltwater pool surrounded by landscaping with weeping willows and dogwoods. The Carrollton Greenbelt walking path runs both behind and in front of the property. The zoning is light industrial. The property is located in the Carrollton City School district.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $9.48 |
| − Vacancy | −$3.3k | −$0.78 |
| EGI | $37.3k | $8.70 |
| − OpEx | −$11.2k | −$2.61 |
| NOI | $26.1k | $6.09 |
4,288 SF · lease $9.48/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Industrial
$373.2K
$326.5K – $435.4K
NOI $26,122 @ 7.0% cap · market cap 3.73%
Second Best
Flex RnD
$357.1K
$312.5K – $416.6K
NOI $24,996 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,906 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Horse & equestrian property - Rare opportunity: residential comfort meets commercial potential on light industrial land.
Where is this horse & equestrian property located?
The property is located at 1172B Alabama Street Carrollton, GA.
What is the asking price?
The asking price for this property is $699,900.
