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    Commercial Development Land with Road Frontage Title is generated by Realmo AI

    10747 Cumming Highway, Canton, GA 30115

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    For Sale
    $499,000

    COMMERCIAL - Canton, GA

    Lot size:
    2.44 Acres
    Added:
    May 27, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 2 at 5:06 pm

    Property Features for 10747 Cumming Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    2
    Standard status
    Active
    APN
    003N16000001370000000
    Lot size
    2.44 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3289

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1987
    Flooring type
    Vinyl
    Building materials
    Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Audrey Turner

    Listing agent Audrey Turner

    Listing office Southern Classic Realtors Po Box 6565, Monroe, GA

    Listing date May 27, 2026

    MLS# 10776788

    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.

    HighLights

    • 2.44‑acre commercial acreage with 348 ft of road frontage along Highway 20/Cumming Highway
    • Located in the Lathemtown community of Cherokee County, GA, between Cumming and Canton
    • Utilities: cable available; water from public system
    • Sewer service via septic tank
    • Year built 1987 home on site (wood siding, vinyl flooring, composition roof, window unit cooling) listed as a tear down
    • Wood siding structure with composition shingle roof and window unit(s); no value placed on the home in the remarks

    Overview

    This sale includes 2.44 acres of prime commercial land with 348 feet of road frontage along Highway 20 / Cumming Highway. The property is improved with a home that is considered a tear down, so the value is primarily in the land and its development potential.

    The location is described as offering high visibility and strong traffic count along a busy state highway, supporting exposure for a future business. The site is in the Lathemtown community of Cherokee County and is centrally located between Cumming and Canton. The remarks also note the area’s proximity to North Fulton County and Milton, with an estimated 7-minute drive.

    Given the frontage and visibility, this parcel is well suited for investors or developers considering retail, office, or mixed-use concepts. The combination of acreage, meaningful highway exposure, and redevelopment upside makes it an attractive platform for an operator looking to secure commercial land in a rapidly growing, desirable part of the region.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Hair Salon Building Supply Kitchen & Bath Showroom Auto Repair Shop Department Store HVAC Service Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.3145909
    Latitude
    34.2543525

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    FAQs

    What type of property is this?
    Commercial land - Over 2.4 acres with 348 feet of highway frontage, positioned for retail, office, or mixed-use development.
    Where is this commercial land located?
    The property is located at 10747 Cumming Highway Canton, GA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 2.44‑acre commercial acreage with 348 ft of road frontage along Highway 20/Cumming Highway; Located in the Lathemtown community of Cherokee County, GA, between Cumming and Canton; Utilities: cable available; water from public system
    (404) 405-0546
    We can help!
    Listing Contact
    Audrey Turner
    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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    10747 Cumming Highway, Canton, GA 30115
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