Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    237 Johnson Lake Rd Se Adairsville, GA 30103

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,500,000

    34.45 acre industrial site with existing leases and improvements.

    Lot size:
    34.45 Acres

    Property Features for 237 Johnson Lake Rd Se

    General Information

    Standard status
    Active
    Lot size
    34.45 Acres

    We can help!

    Listing Contact
    KURT COOPER
    Source: Exprealty

    Listing Agency: Coldwell Banker Commercial Metro Brokers Listing Agent: KURT COOPER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Industrial Site with I-75 Frontage

    This 34.45 acre industrial site features frontage on I-75N, providing high visibility and convenient access, as it is located less than 1 mile from entrance and exit ramps. The property includes 9,520 square feet of garage space, a 3,000 square foot warehouse, and 2,760 square feet of office space. The site also offers tractor trailer parking. Zoned I-1 in Gordon County, the property is situated in an area experiencing significant industrial development. The property currently has leases in place for multiple tenants.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Auto Repair Shop Wholesale Shop Building Supply Clothing Store Department Store Furniture Store Car Rental Convenience Store Women's Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Adairsville
    County
    Bartow
    State
    Georgia
    Longitude
    -84.918226
    Latitude
    34.43781

    Nearby Similar for Sale

    • $745,000
      12.36 Acres

      Equestrian Property with Lighted Arena

      Well-equipped equestrian property on nearly 13 acres in Adairsville.
      356 W Oak Grove Rd NW, Adairsville, GA 30103
      View Details
    • $745,000
      12.36 Acres

      Equestrian Property with Sand Arena

      12.36 acre equestrian property featuring a lighted sand arena.
      356 W Oak Grove Rd NW, Adairsville, GA 30103
      View Details
    • $1,300,000
      Pending

      Versatile Industrial Facility on 5 Acres

      8,000 SF industrial facility on 5 acres near Hwy 140.
      5 Cut Off Rd, Adairsville, GA 30103
      View Details
    • $1,600,000
      75.00 Acres

      Scenic Pastureland with Rolling Views

      75+/- acres of pastureland ideal for various uses.
      2113 Union Grove Church Rd SE, Adairsville, GA 30103
      View Details
    • $260,000
      0.67 Acres

      Renovated Home in Adairsville, GA

      Fully renovated 3 bedroom, 2.5 bath home with modern finishes.
      6633 Highway 140 NW, Adairsville, GA 30103
      View Details
    • New
      $260,000
      0.67 Acres

      Renovated Home in Adairsville, GA

      Fully renovated 3 bedroom home with modern finishes and spacious backyard.
      6633 Highway 140 NW, Adairsville, GA 30103
      View Details
    • $2,371,000
      4.84 Acres

      High-Visibility Adairsville Commercial Land

      Prime 4.84-acre commercial lot, ideal for development.
      Joe Frank Harris Pkwy, Adairsville, GA 30103
      View Details
    • $350,000
      1.66 Acres

      Adairsville Commercial Lot - Hwy 140

      High-visibility C-2 zoned lot near I-75.
      Kortlyn Pl Unit, Adairsville, GA 30103
      View Details
    • $5,500,000
      34.45 Acres

      Adairsville Industrial Complex

      I-75 Frontage, Multi-Tenant Warehouse
      237 Johnson Lake Rd, Adairsville, GA 30103
      View Details
    • $4,922,000
      3,292 SF

      Adairsville Car Wash Investment

      High-yield, NNN-leased car wash in GA.
      18 Commerce Pkwy, Adairsville, GA 30103
      View Details
    • $599,900
      4,416 SF

      Adairsville Commercial Property - Hwy 41

      High-traffic location, warehouse & office space.
      4785 Joe Frank Harris Pkwy, Adairsville, GA 30103
      View Details

    FAQs

    What type of property is this?
    Industrial property - 34.45 acre industrial site with existing leases and improvements.
    Where is this industrial property located?
    The property is located at 237 Johnson Lake Rd Se Adairsville, GA.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - 34.45+\/- Acre industrial site with I-75N frontage and high visibility.; - Located less than 1 mile from I-75N entrance/exit ramps.; - Zoned I-1 in Gordon County, an area with booming industrial development.
    (678) 320-4800
    Request Owner's contact information
    237 Johnson Lake Rd Se Adairsville, GA 30103
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    237 Johnson Lake Rd Se
    Adairsville, GA 30103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    237 Johnson Lake Rd Se Adairsville, GA 30103
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    KURT COOPER
    (678) 320-4800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.