Mixed-Use Property With
For Sale
$699,900
1172B Alabama Street, Carrollton, GA 30117
Commercial Sale, Carrollton, GA
Property Size4,288 SF
Lot Size6.95 Acres
Price / SF$163.22
Days on Market127
Property Features for 1172B Alabama Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Parking features
Covered
Fencing
Fenced
Lot features
Level
Directions
GPS
Standard status
Active
APN
C08 0360037
Size
4,288 SF
Lot size
6.95 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3924
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
saltwater pool
camper hookup
sewage dump
greenbelt walking path
security system
Building Details
Year built
1955
Flooring type
Concrete
Building materials
Aluminum Siding, Brick, Concrete
Roof type
Metal
Additional Structures
Workshop
Listing Agency:
Century 21 Novus Realty · Century 21 Real Estate
(678) 664-1400
Listed By:
Dylan Wylie · License #369218
(404) 277-3097
Added: Apr 27
Changed: Aug 19
Last Checked: Aug 31 at 5:06AM
MLS# 10741776
Copyright © 2026 Georgia Multiple Listing Service. 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.
This 6.95-acre mixed-use property combines a 4-bedroom, 2-bath brick residence with substantial commercial and agricultural improvements. The 1955 home includes a renovated kitchen, updated electrical, newer roof, and updated plumbing. Separate plumbing systems and two power meters support the property's distinct residential and work areas. Public water and sewer serve the property, while a private well provides backup water to the home and barn.
The site includes a fenced and cross-fenced layout, a 3-stall barn with tack room, camper hookup with sewage dump, and a 50-by-66-foot shop with roll-up doors and pull-through access for 18-wheelers. A separate 25-by-28-foot heated and cooled building provides additional enclosed space and has security in place. A saltwater pool, established landscaping, and access to the Carrollton Greenbelt walking path from both the front and rear add recreational features. The property is within the Carrollton City School district.
The site includes a fenced and cross-fenced layout, a 3-stall barn with tack room, camper hookup with sewage dump, and a 50-by-66-foot shop with roll-up doors and pull-through access for 18-wheelers. A separate 25-by-28-foot heated and cooled building provides additional enclosed space and has security in place. A saltwater pool, established landscaping, and access to the Carrollton Greenbelt walking path from both the front and rear add recreational features. The property is within the Carrollton City School district.
Key Highlights
- 6.95‑acre mixed‑use property with a 4‑bedroom, 2‑bath brick home
- 50x66 shop with roll‑up doors and pull‑through access for 18‑wheelers
- 3‑stall barn with tack room, camper hookup, and sewage dump
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,099
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,041,980
$1.0M
Cap Rate 7%
$744,271
$744.3K
Cap Rate 9%
$578,878
$578.9K
Market Conditions
NOI Build-Up for 4,288 SF
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.
Gross rent
$92.6K $21.60/SF
− Vacancy
−$9.3K −$2.16/SF
EGI
$83.4K $19.44/SF
− OpEx
−$31.3K −$7.29/SF
NOI
$52.1K $12.15/SF
Area
Carroll County, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,041,980
Cap Rate 7%
$744,271
Cap Rate 9%
$578,878
Alternative Uses
Best Use
Mixed Use
$744.3K
$651.2K – $868.3K
NOI $52,099 @ 7.0% cap · market cap 7.44%
Second Best
Industrial
$373.2K
$326.5K – $435.4K
NOI $26,122 @ 7.0% cap · market cap 3.73%
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
Explore this area
Business Placement
Demographics for 30117, GA
37,644
Population
15,313
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
85%
High-School Grad
108.1 sq mi
ZIP Area
348
Density / Sq Mi
$58,463
Median Household Income
$31,273
Median Earnings
$1,066
Median Rent
$239,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential and commercial improvements share a fenced acreage tract with a barn, auxiliary building, and saltwater pool.
Where is this mixed-use 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.
What are key features of this property?
This property features: 6.95‑acre mixed‑use property with a 4‑bedroom, 2‑bath brick home; 50x66 shop with roll‑up doors and pull‑through access for 18‑wheelers; 3‑stall barn with tack room, camper hookup, and sewage dump
