12 Acres Development
For Sale
$550,000
Heath Road, Carrollton, GA 30116
COMMERCIAL - Carrollton, GA
Property Size1,298 SF
Lot Size12.13 Acres
Price / SF$423.73
Days on Market1529
Property Features for Heath Road
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Level
Directions
Hwy 16 towards Newnan Property on left at Heath Rd
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
Listed By:
Joel Morris · License #GA 292526
(770) 815-4088
Added: May 24, 2022
Changed: Apr 15
Last Checked: Jul 30 at 4:06PM
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.
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 30116, GA
24,497
Population
9,186
Households
2.7
Avg Household Size
38
Median Age
22%
College-Educated
82%
High-School Grad
104.9 sq mi
ZIP Area
234
Density / Sq Mi
$74,208
Median Household Income
$42,211
Median Earnings
$1,113
Median Rent
$222,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
