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    148 Cason Rd Cedartown, GA 30125

    View on Map
    Sponsored
    For Sale
    $499,000

    COMMERCIAL - Cedartown, GA

    Property size:
    25,589 SF
    Lot size:
    1.47 Acres
    Days on Market:
    13
    Last Refresh:
    Mar 9 at 4:06 pm

    Property Features for 148 Cason Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    025C136
    Parking features
    Parking Lot
    Fencing
    Privacy, Chain Link
    Accessibility
    Accessible Approach with Ramp
    Size
    25,589 SF
    Lot size
    1.47 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air, Electric, Gas (Cooling)
    Water source
    Public

    Building Details

    Year built
    1986
    Flooring type
    Concrete, Tile
    Building materials
    Block, Brick

    We can help!

    Listing Contact
    C. Michael M Garrett

    Garrett Land Company (678) 540-4300

    Listing agent C. Michael M Garrett (678) 540-4300

    Listing date Feb 24, 2026

    MLS# 10598782

    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.

    Learn more

    Property Insight Report

    Overview

    Former Health and Rehabilitation Center

    This spacious former health and rehabilitation center, totaling 25,589 square feet, is situated on a 1.47-acre lot and offers a unique opportunity for redevelopment or continued use in the healthcare sector. The property features 45 individual rooms, each potentially equipped to accommodate residents, patients, or guests. These rooms can be adapted for various purposes, such as private living spaces, private offices, or treatment areas. Several offices are available for administrative needs, suitable for management teams, meeting rooms, or additional service areas. A fully functional commercial cafeteria and a dedicated, separate commercial laundry facility are available on the premises. The cafeteria can serve as a dining area, a community cafe, or a communal meeting/activity space. The laundry facility supports linen and personal laundry services. The building is designed for accessibility, featuring wide hallways and doors and one-level living. A sturdy brick wall fence with gates encloses the property, ensuring privacy and security. Some rooms have access to courtyard areas with patios, offering outdoor space for relaxation, activities, or social interaction. Ample parking is available for staff, visitors, and residents. Potential uses include assisted living, senior housing, medical offices, community centers, or educational facilities. The property is zoned R-3 in the City of Cedartown, which allows for multi-family use. The property is located in Cedartown, GA, across the street from a senior community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Clinical Lab Services Medical Laboratory Kari Woods Physician

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Daycare Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedartown
    County
    Polk
    State
    Georgia
    Longitude
    -85.25224
    Latitude
    33.993009

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    FAQs

    What type of property is this?
    Rehabilitation center - Spacious 25,589 SF former health and rehabilitation center on 1.47 acres.
    Where is this rehabilitation center located?
    The property is located at 148 Cason Rd Cedartown, GA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Priced below tax assessor's value of $1,121,681.; - R-3 zoning allows for multi-family use, with potential for senior housing conversion.; - Spacious layout with 45+- individual rooms adaptable for various purposes.
    (678) 540-4300
    Request Owner's contact information
    148 Cason Rd Cedartown, GA 30125
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    Cedartown, GA 30125
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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
    148 Cason Rd Cedartown, GA 30125
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    We can help!
    Listing Contact
    C. Michael M Garrett
    (678) 540-4300
    Learn more
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