Add Listing
    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

    609 Bankhead Hwy Carrollton, GA 30117

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,900,000

    High-visibility building on a bustling highway with ample parking.

    Property size:
    11,764 SF
    Lot size:
    1.88 Acres

    Property Features for 609 Bankhead Hwy

    General Information

    Standard status
    Active
    Size
    11,764 SF
    Lot size
    1.88 Acres

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Joel Morris
    Joel Morris
    Source: Exitrealty

    Listing Agency: Metro West Realty Group LLC Listing Agent: Joel Morris

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

    Learn more

    Overview

    Prominent Corner Lot Building

    This building is situated on a corner lot along Highway 61, the main corridor to Downtown Carrollton. The property features a floorplan of approximately 11,764 square feet and includes an elevator for accessing the upper floor. The current layout allows for potential floorplan modifications. Ample parking spaces are available.
    Location Intelligence

    Current Use by Public Records

    Synovus Mortgage Loan Service Synovus Bank - ATM Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Carroll
    State
    Georgia
    Longitude
    -85.0565332
    Latitude
    33.5869975

    Nearby Similar for Sale

    • $350,000
      1,520 SF

      New Metal Building in Carrollton

      New construction flex space with M-1 zoning and utilities.
      205 Avenue C, Carrollton, GA 30117
      View Details
    • $599,900
      Pending

      Carrollton Commercial Building For Sale

      4,000 SF commercial building suitable for various business concepts.
      151 Minden Pl, Carrollton, GA 30117
      View Details
    • $599,900
      Pending

      Carrollton Commercial Building For Sale

      4,000 SF commercial building suitable for brewery or restaurant.
      151 Minden Pl, Carrollton, GA 30117
      View Details
    • $890,650
      87,120 SF

      Carrollton Industrial/Commercial Opportunity

      Versatile industrial property in Carrollton's dynamic growth market.
      115 N Aycock St, Carrollton, GA 30117
      View Details
    • Contact for pricing
      2,592 SF

      Commercial Space in Carrollton City

      Newly renovated commercial space for lease in Carrollton, Georgia.
      928 South Park St, Carrollton, GA 30117
      View Details
    • $468,945
      37,026 SF

      Carrollton Commercial Property For Sale

      Industrial/Commercial zoned property suitable for various business uses.
      Hay St, Carrollton, GA 30117
      View Details
    • $725,197
      57,935 SF

      Carrollton Commercial Property For Sale

      Strategically located industrial property with flexible zoning and high utility.
      321 N Aycock St, Carrollton, GA 30117
      View Details
    • $1,200,000
      12,000 SF

      Modern Commercial Facility in Carrollton

      12,000 SF commercial facility suitable for office, retail, or industrial.
      131 Parkwood Cir, Carrollton, GA 30117
      View Details
    • $425,000
      1,741 SF

      Professional Office Building in Carrollton

      Move-in-ready office space in a prime Carrollton location.
      108 Cedar St, Carrollton, GA 30117
      View Details
    • $195,550
      29,185 SF

      Versatile Commercial Space in Carrollton

      Centrally located industrial/commercial property with flexible zoning and high utility.
      121 Hay St, Carrollton, GA 30117
      View Details
    • $299,300
      13,068 SF

      Versatile Industrial/Commercial Property, Carrollton, GA

      Industrial/Commercial zoned property in Carrollton's industrial corridor.
      Aycock St North, Carrollton, GA 30117
      View Details
    • $320,800
      16,533 SF

      Versatile Industrial/Commercial Property, Carrollton, GA

      Strategically located industrial/commercial property with flexible zoning in Carrollton, GA.
      N Aycock St, Carrollton, GA 30117
      View Details

    FAQs

    What type of property is this?
    Office building - High-visibility building on a bustling highway with ample parking.
    Where is this office building located?
    The property is located at 609 Bankhead Hwy Carrollton, GA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - High-visibility corner lot location on Highway 61, the main corridor to Downtown Carrollton.; - Large floorplan of nearly 12,000 square feet.; - Elevator access to the top floor.
    (770) 815-4088
    Request Owner's contact information
    609 Bankhead Hwy Carrollton, GA 30117
    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.
    609 Bankhead Hwy
    Carrollton, GA 30117
    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
    609 Bankhead Hwy Carrollton, GA 30117
    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
    Joel Morris
    Joel Morris
    Real Estate License ID: 292526
    (770) 815-4088 (770) 836-0042
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!