12 Acres Development
Heath Road Carrollton, GA 30116
Heath Road, Carrollton, GA, 30116
$550,000
For Sale
$550,000
COMMERCIAL - Carrollton, GA
Property Size1,298 SF
Lot Size12.13 Acres
Price / SF$423.73
Days on Market1519
Property Features for Heath Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 160 0007
- Size
- 1,298 SF
- Lot size
- 12.13 Acres
Taxes and HOA fees
- Tax Year
- 2021
- Tax Annual Amount
- 1240
Utilities
- Utilities
- Water Available
- Water source
- Public
Building Details
- Year built
- 1902
- Building materials
- Wood Siding
- Roof type
- Composition
Listing Agency
Metro West Realty Group LLC
(770) 836-0042
850 Cedar Street, Carrollton, GA
Listed by
Joel Morris · License #GA 292526
(770) 815-4088
Added: May 24, 2022 Updated: Apr 15 at 2:59 pm Checked: Jul 20 at 8:06 pm
MLS# 20173472
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 12.13-acre tract presents a development opportunity situated between Carrollton and Newnan, Georgia. The property is suitable for a retail strip center or a convenience store, and also has potential as a storage facility. The site features road frontage on all sides. Currently, a small 1,298 square foot house with two bedrooms and a shop are located on the property.
Key Highlights
- High development potential for retail strip center, convenience store, or storage facility.
- 12 acres of land in a desirable location between Carrollton and Newnan.
- Road frontage on all sides of the property.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.9k | $23.04 |
| − Vacancy | −$2.1k | −$1.61 |
| EGI | $27.8k | $21.43 |
| − OpEx | −$7.0k | −$5.36 |
| NOI | $20.9k | $16.07 |
1,298 SF · lease $23.04/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$298.0K
$260.7K – $347.7K
NOI $20,859 @ 7.0% cap · market cap 3.79%
Second Best
Retail
$260.8K
$228.2K – $304.3K
NOI $18,257 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$362.8K
$317.5K – $423.3K
NOI $25,399 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 12 acre tract suitable for retail or storage development.
Where is this commercial land located?
The property is located at Heath Road Carrollton, GA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High development potential for retail strip center, convenience store, or storage facility.; 12 acres of land in a desirable location between Carrollton and Newnan.; Road frontage on all sides of the property.
