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    Canton Commercial Land Opportunity Title is generated by Realmo AI

    3806 Hickory Flat Highway, Canton, GA 30115

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    Claim this Listing
    For Sale
    $625,000

    COMMERCIAL - Canton, GA

    Property size:
    1,600 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $390/SF
    Added:
    Aug 3, 2025
    Days on Market:
    296
    Last Refresh:
    May 25 at 9:06 pm

    Property Features for 3806 Hickory Flat Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    0&I
    Fencing
    Chain Link
    Standard status
    Active
    APN
    15N19 225
    Size
    1,600 SF
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2227

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1940
    Floors in Building
    1
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Heather Smith
    Heather Smith

    Listing agent Heather Smith

    Listing office Virtual Properties Realty.com 2750 Premiere Pkwy Suite 200, Duluth, GA

    Listing date Aug 3, 2025

    MLS# 7626249

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2 acres zoned Office Institutional (O&I) offering exceptional development opportunity.
    • High traffic count of 17,800+ cars/day and 337 FT of road frontage on HWY 140.
    • Located next to Harmony on the Lakes with all utilities available.
    • Proximity to Northside Hospital Cherokee and I‑575 (approximately 3 miles).
    • Close to Canton Marketplace with abundant restaurants and shopping options.
    • Excellent topography in a thriving and growing community.

    Overview

    This 2-acre commercial land parcel, zoned Office Institutional (O&I), is situated in the City of Holly Springs on HWY 140 (Hickory Flat Hwy). The property boasts 337 feet of road frontage and experiences a traffic count exceeding 17,800 vehicles per day. All utilities are available, making this an exceptional development opportunity adjacent to Harmony on the Lakes. Located approximately 3 miles from Northside Hospital Cherokee, I-575, and the Canton Marketplace, the site offers convenient access to a variety of restaurants and shopping destinations, including Starbucks, Olive Garden, Taco Mac, Target, Lowes, TJ Maxx, and Best Buy. The anticipated Holly Springs Town Center, scheduled for completion in Winter 2025, is less than 5 miles away. The desirable community of Hickory Flat, located 2.5 miles from the property, provides access to Publix & Kroger grocery stores and restaurants such as Popeyes, Chick-Fil-A, Arby's, Zaxby's, and Waffle House. The property features excellent topography, presenting an attractive investment opportunity in a growing community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.4682
    Latitude
    34.1774

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    FAQs

    What type of property is this?
    Commercial land - 2 acres of commercial land in a thriving Canton location.
    Where is this commercial land located?
    The property is located at 3806 Hickory Flat Highway Canton, GA.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: 2 acres zoned Office Institutional (O&I) offering exceptional development opportunity.; **High traffic count of 17,800+ cars/day** and 337 FT of road frontage on HWY 140.; Located next to Harmony on the Lakes with all utilities available.
    (770) 495-5050
    We can help!
    Listing Contact
    Heather Smith
    Heather Smith
    Request Owner's contact information
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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.

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    3806 Hickory Flat Highway, Canton, GA 30115
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