Commercial Land With Existing
For Sale
$1,495,000
893 S Park Street, Carrollton, GA 30117
Commercial Sale, Carrollton, GA
Property Size4,172 SF
Lot Size6.22 Acres
Price / SF$358.34
Days on Market93
Property Features for 893 S Park Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Business Park
Directions
GPS friendly
Standard status
Active
APN
C07 0430058
Size
4,172 SF
Lot size
6.22 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
4334
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1989
Building materials
Steel Siding
Listing Agency:
eXp Realty
(888) 959-9461
Listed By:
The Stacey Group · License #RB14029982
(770) 843-4687
Added: May 26
Changed: Aug 19
Last Checked: Aug 26 at 7:06AM
MLS# 10772399
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 commercial land offering includes an existing 4,172-square-foot building constructed in 1989 with steel siding, central heating, and central air conditioning. The property also has a parking lot, public water, public sewer, and cable availability. The existing improvements provide a physical starting point for continued commercial use or redevelopment, subject to applicable approvals.
Located at 893 S Park Street in Carrollton, the site is positioned within a heavily traveled commercial area with approximately 30,000 vehicles passing daily. The surrounding context includes Tanner Medical Center, SouthWire, the University of West Georgia, and Carrollton City Schools. Its Carroll County setting and access to public infrastructure support evaluation for a range of commercial land-use plans.
Located at 893 S Park Street in Carrollton, the site is positioned within a heavily traveled commercial area with approximately 30,000 vehicles passing daily. The surrounding context includes Tanner Medical Center, SouthWire, the University of West Georgia, and Carrollton City Schools. Its Carroll County setting and access to public infrastructure support evaluation for a range of commercial land-use plans.
Key Highlights
- 6.086‑acre commercial tract identified in the property remarks
- Approximately 30,000 vehicles pass the site daily
- Existing 4,172‑square‑foot building constructed in 1989
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
$58,681
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
3.93%
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%
$1,173,620
$1.2M
Cap Rate 7%
$838,300
$838.3K
Cap Rate 9%
$652,011
$652.0K
Market Conditions
NOI Build-Up for 4,172 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
$91.6K $21.96/SF
− Vacancy
−$7.8K −$1.87/SF
EGI
$83.8K $20.09/SF
− OpEx
−$25.1K −$6.03/SF
NOI
$58.7K $14.07/SF
Area
Carroll County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,173,620
Cap Rate 7%
$838,300
Cap Rate 9%
$652,011
Alternative Uses
Best Use
Retail
$838.3K
$733.5K – $978.0K
NOI $58,681 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,636 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
382k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Superstores 18%
Groceries 12%
Apparel 11%
Target
Superstores
70,133 visits/mo
0.4 miles
Publix
Groceries
44,378 visits/mo
0.2 miles
Belk
Apparel
32,620 visits/mo
0.3 miles
McDonald's
Dining
24,676 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
23,417 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land includes an existing steel-sided building, public utilities, and a paved parking lot.
Where is this commercial land located?
The property is located at 893 S Park Street Carrollton, GA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 6.086‑acre commercial tract identified in the property remarks; Approximately 30,000 vehicles pass the site daily; Existing 4,172‑square‑foot building constructed in 1989
