Renovated Former Bank
1111 BANKHEAD HWY Carrollton, GA 30117
1111 BANKHEAD HWY, Carrollton, GA, 30117
Contact for pricing
For Sale
Contact for pricing
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 Market82
Property Features for 1111 BANKHEAD HWY
General Information
- Standard status
- Active
- Size
- 4,695 SF
- Lot size
- 0.58 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1978
Listing agency
Georgia West Realty Inc
(770) 570-8109
Listed by
Tony Dermo · License #321371
Source
Crexi
Added: May 2 Updated: Jul 22 at 9:17AM Checked: Jul 22 at 9:17AM
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
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
Local Financial Insights For Healthcare Medical
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 | $126.8k | $27.00 |
| − Vacancy | −$13.3k | −$2.84 |
| EGI | $113.5k | $24.17 |
| − OpEx | −$45.4k | −$9.67 |
| NOI | $68.1k | $14.50 |
4,695 SF · lease $27.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$972.5K
$850.9K – $1.13M
NOI $68,073 @ 7.0% cap · market cap 8.56%
Second Best
Retail
$943.4K
$825.5K – $1.10M
NOI $66,037 @ 7.0% cap · market cap 8.31%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Smiles-R-Us For Kids
Dental Office
Renew Church
Church
Sizemore Security Services
Employment Agency
Lake Carroll Mall
Business Service Center
Best Western Carrollton ...
Hotel & Motel
Similar For Sale Nearby
FAQs
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
