Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    7606 Nebo Road Hiram, GA 30141

    View on Map
    Claim this Listing
    For Sale
    $1,200,000

    Commercial - Hiram, GA

    Property size:
    1,352 SF
    Lot size:
    8.77 Acres
    Price / SF:
    $887/SF
    Added:
    Apr 26, 2024
    Days on Market:
    733
    Last Refresh:
    Apr 28 at 2:06 pm

    Property Features for 7606 Nebo Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    1,352 SF
    Lot size
    8.77 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Other (Cooling)

    Building Details

    Year built
    1971
    Flooring type
    Other
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Heather Thompson

    Listing agent Heather Thompson

    Listing office Buckhead Office 3744 Roswell Rd NE, Atlanta, GA

    Listing date Apr 26, 2024

    MLS# 10288240 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hiram Land For Sale

    This 8.77-acre property in Hiram, GA, offers potential for commercial or industrial use. Currently zoned residential, the flat lot features substantial road frontage and is situated adjacent to properties with C-4/B2 and E2 zoning. The location is approximately 1,500 feet from both Hwy 92 and Bill Carruth Pkwy. A DOT project to widen Hwy 92 is currently under construction. The property is located approximately one mile from the Silver Comet Trail and two miles from Hwy 278 shopping and dining options, Wellstar Paulding Medical Center, and film studios. The property size is 1352 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hiram
    County
    Paulding
    State
    Georgia
    Longitude
    -84.772496
    Latitude
    33.864573

    Nearby Similar for Sale

    • $325,000

      Hiram Medical Office on Acre

      Former medical office space on 1 acre in Hiram, GA.
      1897 Hiram Douglasville Highway, Hiram, GA 30141
      View Details
    • $450,000

      Hiram Land: Commercial Potential

      Nearly 4 acres with high-traffic road frontage near Cobb County.
      4063 Macland Road, Hiram, GA 30141
      View Details
    • $370,000

      Hiram Commercial Corner Lot

      Prime 0.93 acre B-1 commercial corner lot for sale.
      4146 Hiram Douglasville Highway, Hiram, GA 30141
      View Details
    • $370,000
      930 SF

      Hiram Commercial Corner Lot

      Prime commercial lot with high visibility and easy access.
      4146 Hiram Douglasville Highway, Hiram, GA 30141
      View Details
    • $1,100,000

      High-Exposure Commercial Lot Ready to Build

      Ready-to-build 1.37-acre commercial lot in high-demand area.
      823 Bill Carruth Parkway, Hiram, GA 30141
      View Details
    • $1,100,000

      Ready-to-Build Commercial Lot

      High-exposure commercial lot in Hiram, GA, ready to build.
      823 Bill Carruth Parkway, Hiram, GA 30141
      View Details
    • $1,600,000

      Hiram Land with High Visibility

      8-acre commercial tract with frontage on Bill Carruth Parkway.
      00001 Bill Carruth Parkway, Hiram, GA 30141
      View Details
    • $350,000

      Hiram, GA Land For Sale

      Prime 1+/- acre commercial land in Hiram, Georgia.
      4911 Macland Road, Hiram, GA 30141
      View Details
    • $350,000

      Hiram, GA Commercial Land

      Prime 1+ acre commercial land with high traffic.
      4911 Macland Road, Hiram, GA 30141
      View Details
    • $985,000

      Hiram Land with Commercial Potential

      6+ acres with commercial potential near Hwy 92 & 278.
      244 Rosedale Drive, Hiram, GA 30141
      View Details
    • $350,000

      Hiram, GA Land Parcel

      1.7 acre commercial land parcel in prime Hwy 92 location.
      263 Hiram Douglasville Highway, Hiram, GA 30141
      View Details
    • $350,000

      Hiram Land Near Silver Comet

      1.7 acre commercial land parcel near Silver Comet Trail.
      263 Hiram Douglasville Highway, Hiram, GA 30141
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.77 acres of potential commercial or industrial land.
    Where is this commercial land located?
    The property is located at 7606 Nebo Road Hiram, GA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 8.77 acres of land with potential for commercial or industrial development.; Substantial road frontage adjacent to commercial zoning (C‑4/B2 and E2).; Excellent location: Approximately 1,500 feet from both Hwy 92 and Bill Carruth Pkwy.
    (912) 713-5039
    We can help!
    Listing Contact
    Heather Thompson
    Real Estate License ID: 326803
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!