Auto Shop with Garage
For Sale
$240,000
12 Serena Street, Cartersville, GA 30120
Open-layout auto shop with reception space, electrical service, and a fenced lot supporting parking or outdoor work.
Property Size2,600 SF
Lot Size0.35 Acres
Price / SF$92.31
Days on Market235
Property Features for 12 Serena Street
General Information
Standard status
Active
Size
2,600 SF
Lot size
0.35 Acres
Property subtype
Mixed Use
Zoning
R-3
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Amenities
open floor plan
low-maintenance vinyl siding
durable metal roof
three oversized garage doors
welcoming reception area
paved frontage
grassy rear area
Electricity Available, Metal
Building Details
Year Built
2000
Buildings
1
Listing Agency:
(770) 324-2369
Listed By:
Michelle Queen · License #281295
(770) 324-2369
Source:
Kw
Added: Jan 7
Changed: Aug 29
Last Checked: Aug 29 at 2:52PM
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 Michelle Queen
Investment Insights
Based on property information with market context.
Built in 2000, this 2,600-square-foot auto shop occupies a fully enclosed 0.350-acre parcel. The building includes an open interior, reception area, existing electricity, vinyl siding, metal roofing, and three oversized garage doors. Paved frontage provides space for parking or work activity, while the grassy rear portion adds usable outdoor area.
The property is located at 12 Serena Street in Cartersville, Georgia, just minutes from I-75, Booth Western Art Museum, Tellus Science Museum, and Savoy Automobile Museum. It carries R-3 residential zoning and is taxed as Universal - Commercial (NEC), providing clear classification details for review. The combination of service-bay access, customer-facing space, and secured outdoor area supports its current automotive configuration.
The property is located at 12 Serena Street in Cartersville, Georgia, just minutes from I-75, Booth Western Art Museum, Tellus Science Museum, and Savoy Automobile Museum. It carries R-3 residential zoning and is taxed as Universal - Commercial (NEC), providing clear classification details for review. The combination of service-bay access, customer-facing space, and secured outdoor area supports its current automotive configuration.
Key Highlights
- 2,600‑square‑foot building on a fully fenced 0.350‑acre lot
- Three oversized garage doors provide vehicle access
- Open floor plan with reception area and electricity in place
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
$15,839
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
6.60%
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%
$316,780
$316.8K
Cap Rate 7%
$226,271
$226.3K
Cap Rate 9%
$175,989
$176.0K
Market Conditions
NOI Build-Up for 2,600 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
$24.6K $9.48/SF
− Vacancy
−$2.0K −$0.78/SF
EGI
$22.6K $8.70/SF
− OpEx
−$6.8K −$2.61/SF
NOI
$15.8K $6.09/SF
Area
Bartow County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$316,780
Cap Rate 7%
$226,271
Cap Rate 9%
$175,989
Alternative Uses
Best Use
Retail
$522.4K
$457.1K – $609.5K
NOI $36,570 @ 7.0% cap · market cap 15.24%
Second Best
Industrial
$226.3K
$198.0K – $264.0K
NOI $15,839 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$730.1K
$638.8K – $851.8K
NOI $51,106 @ 7.0% cap · market cap 21.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
4,046 visits/mo
0.5 miles
Demographics for 30120, GA
42,702
Population
16,778
Households
2.5
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
93.0 sq mi
ZIP Area
459
Density / Sq Mi
$83,892
Median Household Income
$44,948
Median Earnings
$1,205
Median Rent
$276,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- City Muffler and A/C Repair — 214 N Tennessee St, Cartersville, GA 30120
- Pugmire Ford of Cartersville Service — 352 N Tennessee St, Cartersville, GA 30120
- Pugmire Ford of Cartersville Collision — 352 N Tennessee St, Cartersville, GA 30120
- 288 Wheels And Tires — 403 N Tennessee St, Cartersville, GA 30120
- Pugmire Ford of Cartersville — 352 N Tennessee St, Cartersville, GA 30120
Frequently Asked Questions
What type of property is this?
Auto shop - Open-layout auto shop with reception space, electrical service, and a fenced lot supporting parking or outdoor work.
Where is this auto shop located?
The property is located at 12 Serena Street Cartersville, GA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 2,600‑square‑foot building on a fully fenced 0.350‑acre lot; Three oversized garage doors provide vehicle access; Open floor plan with reception area and electricity in place
