Renovated Former Bank
For Sale
$795,000
1111 Bankhead Hwy, Carrollton, GA 30117
Former bank building renovated in 2010, fully furnished, with bank vault and drive-thru configuration.
Property Size4,695 SF
Lot Size0.58 Acres
Price / SF$169.33
Days on Market167
Property Features for 1111 Bankhead Hwy
General Information
Standard status
Active
Size
4,695 SF
Lot size
0.58 Acres
Additional Details
Furnished
Yes
Building Details
Year Built
1978
Year Renovated
2010
Listing Agency:
Georgia West Realty Inc
Listed By:
Tony Dermo · License #321371
(770) 570-8109
Source:
Jetsetrealty
Added: May 8
Changed: Oct 15
Last Checked: Oct 5 at 11:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Georgia West Realty Inc
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Investment Insights
Based on property information with market context.
A high-visibility, high-traffic office/retail building for sale, this 4,695+/- square foot former bank building was renovated in 2010 for office use. The property is being offered fully furnished and includes the original bank vault. A former three-bay drive-thru is also present and can be reopened, adding flexibility to the existing layout.
The building sits on a 0.58+/- acre outparcel to Lake Carroll Mall at a signalized intersection, supporting visibility and straightforward customer access. Additional land is available for sale upon request.
With its versatile configuration and existing improvements, the building is positioned for a range of commercial uses, including office, retail, medical, financial, or service-oriented operations.
The building sits on a 0.58+/- acre outparcel to Lake Carroll Mall at a signalized intersection, supporting visibility and straightforward customer access. Additional land is available for sale upon request.
With its versatile configuration and existing improvements, the building is positioned for a range of commercial uses, including office, retail, medical, financial, or service-oriented operations.
Key Highlights
- Former bank building built in 1978 with 4,695+/- SF on a 0.58+/- acre outparcel at Lake Carroll Mall
- Renovated in 2010 for office use and offered fully furnished
- Includes the original bank vault
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,037
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,740
$1.3M
Cap Rate 7%
$943,386
$943.4K
Cap Rate 9%
$733,744
$733.7K
Market Conditions
NOI Build-Up for 4,695 SF
Gross rent
$103.1K $21.96/SF
− Vacancy
−$8.8K −$1.87/SF
EGI
$94.3K $20.09/SF
− OpEx
−$28.3K −$6.03/SF
NOI
$66.0K $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 Rate 5%
$1,320,740
Cap Rate 7%
$943,386
Cap Rate 9%
$733,744
Alternative Uses
Best Use
Retail
$943.4K
$825.5K – $1.10M
NOI $66,037 @ 7.0% cap · market cap 8.31%
Second Best
Office B
$898.2K
$785.9K – $1.05M
NOI $62,871 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,870 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Former bank building renovated in 2010, fully furnished, with bank vault and drive-thru configuration.
Where is this office building located?
The property is located at 1111 Bankhead Hwy Carrollton, GA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Former bank building built in 1978 with 4,695+/- SF on a 0.58+/- acre outparcel at Lake Carroll Mall; Renovated in 2010 for office use and offered fully furnished; Includes the original bank vault
