Remodeled Office
For Sale
$279,000
205 W Center St, Carrollton, GA 30117
C-2-zoned office property with substantial recent remodeling and remaining parking and HVAC work.
Property Size1,624 SF
Price / SF$171.80
Days on Market55
Property Features for 205 W Center St
General Information
Standard status
Active
Size
1,624 SF
Zoning
c-2
Property Condition
Severity
Repairs Needed
Evidence
needs the parking area finished and HVAC
Building Details
Year Built
1921
Listing Agency:
Metro West Realty Group LLC
Listed By:
Mike Mashburn · License #202437
(770) 836-0042
Source:
Broadandmainrealestate
Added: Aug 21
Changed: Oct 11
Last Checked: Oct 7 at 4:07PM
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 Metro West Realty Group LLC
Investment Insights
Based on property information with market context.
This office building contains 1,624 square feet and was originally built in 1921. Approximately 90% of the property has been remodeled within the last 3 months, creating a substantially updated interior for office or small-business use. Remaining work includes completion of the parking area and HVAC improvements.
The property is within Carrollton city limits and is positioned behind or beside Diary Queen. C-2 zoning supports its commercial office classification.
The property is within Carrollton city limits and is positioned behind or beside Diary Queen. C-2 zoning supports its commercial office classification.
Key Highlights
- 1,624‑square‑foot office building
- Approximately 90% remodeled within the last 3 months
- C‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,747
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,940
$434.9K
Cap Rate 7%
$310,671
$310.7K
Cap Rate 9%
$241,633
$241.6K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$38.8K $23.87/SF
− Vacancy
−$9.8K −$6.02/SF
EGI
$29.0K $17.85/SF
− OpEx
−$7.2K −$4.46/SF
NOI
$21.7K $13.39/SF
Area
Carroll County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,940
Cap Rate 7%
$310,671
Cap Rate 9%
$241,633
Alternative Uses
Best Use
Office B
$310.7K
$271.8K – $362.5K
NOI $21,747 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.0K
$397.2K – $529.6K
NOI $31,778 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,320
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - C-2-zoned office property with substantial recent remodeling and remaining parking and HVAC work.
Where is this office building located?
The property is located at 205 W Center St Carrollton, GA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 1,624‑square‑foot office building; Approximately 90% remodeled within the last 3 months; C‑2 zoning
