Light Industrial Property with
For Sale
$699,900
1172B Alabama Street, Carrollton, GA 30117
COMMERCIAL - Carrollton, GA
Property Size4,288 SF
Lot Size6.95 Acres
Price / SF$163.22
Days on Market110
Property Features for 1172B Alabama Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Light indu
Subdivision
6-Carrollton City
Standard status
Active
Size
4,288 SF
Lot size
6.95 Acres
Taxes and HOA fees
Tax Annual Amount
3924
Building Details
Year built
1955
Listing Agency:
Century 21 Novus Realty · Century 21 Real Estate
(678) 664-1400
Listed By:
Dylan Wylie · License #369218
(404) 277-3097
Added: Apr 27
Changed: Aug 4
Last Checked: Aug 14 at 12:06PM
MLS# 151907
Copyright © 2026 West Metro Board of Realtors. 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.
1172B Alabama Street in Carrollton offers a light industrial setup that combines an updated brick 4-bedroom, 2-bath home with multiple income-supporting and operational improvements. The residence features a renovated kitchen, updated electrical, a newer roof, and updated plumbing. The property is configured with separate plumbing systems, two power meters, and a private well providing backup water for both the home and the barn.
The outdoor improvements include fenced and cross-fenced space, a 3-stall barn with a tack room, and a camper hookup with sewage dump. A large 50x66 shop includes roll-up doors and pull-through access intended to accommodate large vehicles. There is also an additional 25x28 heated and cooled building with security already in place.
Additional amenities include a saltwater pool. The Carrollton Greenbelt walking path runs behind and in front of the property, providing direct access to the outdoor trail system.
The outdoor improvements include fenced and cross-fenced space, a 3-stall barn with a tack room, and a camper hookup with sewage dump. A large 50x66 shop includes roll-up doors and pull-through access intended to accommodate large vehicles. There is also an additional 25x28 heated and cooled building with security already in place.
Additional amenities include a saltwater pool. The Carrollton Greenbelt walking path runs behind and in front of the property, providing direct access to the outdoor trail system.
Key Highlights
- 1955 brick 4‑bedroom, 2‑bath home with renovated kitchen and updated electrical, plumbing, and roof
- Separate plumbing systems with two power meters and a private well providing backup water to the home and barn
- Light‑industrial setup with fenced and cross‑fenced animal‑ready grounds, 3‑stall barn with tack room, and camper hookup w/ sewage dump
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,605
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,152,100
$1.2M
Cap Rate 7%
$822,929
$822.9K
Cap Rate 9%
$640,056
$640.1K
Market Conditions
NOI Build-Up for 4,288 SF
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.
Gross rent
$111.7K $26.04/SF
− Vacancy
−$6.9K −$1.61/SF
EGI
$104.7K $24.43/SF
− OpEx
−$47.1K −$10.99/SF
NOI
$57.6K $13.43/SF
Area
Carroll County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,152,100
Cap Rate 7%
$822,929
Cap Rate 9%
$640,056
Alternative Uses
Best Use
Apartment 5plus
$822.9K
$720.1K – $960.1K
NOI $57,605 @ 7.0% cap · market cap 8.23%
Second Best
Warehouse
$449.7K
$393.5K – $524.6K
NOI $31,478 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,906 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
338
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
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?
Single family property - Updated brick home plus a large shop with roll-up doors, pull-through access, barn, and additional heated/cooled building.
Where is this single family property located?
The property is located at 1172B Alabama Street Carrollton, GA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 1955 brick 4‑bedroom, 2‑bath home with renovated kitchen and updated electrical, plumbing, and roof; Separate plumbing systems with two power meters and a private well providing backup water to the home and barn; Light‑industrial setup with fenced and cross‑fenced animal‑ready grounds, 3‑stall barn with tack room, and camper hookup w/ sewage dump
