205 W Center Street, Carrollton, GA 30117

Building Details

Year built 1921 More

Listing Agency: Metro West Realty Show Phone

Listed By: Mike Mashburn · License GA #202437 Show Phone

Added: May 13 Changed: Oct 17 Last Checked: Nov 10 at 7:06AM

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MLS# 151969

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.

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Investment Insights

Based on property information with market context.

This 1,624-square-foot office unit occupies a 0.09-acre site within Carrollton city limits. The 1921 property has undergone approximately 90% remodeling during the last 3 months, creating an updated commercial setting for office or small-business use. C2 zoning supports its commercial positioning.

The property is located at 205 W Center Street in Carrollton, Georgia, beside or behind Dairy Queen. Remaining work includes completion of the parking area and HVAC improvements, providing a clear scope for finishing the property’s current renovation program.

Key Highlights

• 1,624‑square‑foot office unit on a 0.09‑acre site
• Approximately 90% remodeled in the last 3 months
• C2 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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Kitchen & Bath Showroom HVAC Service Electrical Service Building Supply Storage Facility Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Average Price Trend$/SF for Office Units in Carroll County, GA

$150 Jul

$167 Aug

$86.51 Sep

$65.15 Oct

Properties on Market for Office Units in Carroll County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Recently updated office property with C2 zoning and unfinished parking and HVAC work.

Where is this office unit located?

The property is located at 205 W Center Street 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 unit on a 0.09‑acre site; Approximately 90% remodeled in the last 3 months; C2 zoning