Renovated Mixed-Use
For Sale
$489,000
237 N Erwin Street, Cartersville, GA 30120
M-U zoning supports use as a professional office or a two-bedroom residence.
Property Size1,945 SF
Days on Market15
Property Features for 237 N Erwin Street
General Information
Standard status
Active
Size
1,945 SF
Property subtype
Commercial
Zoning
M-U
Amenities
0.39 acres, Level
Metal
Public Sewer
Parcel Number: C003-0006-019, Annual Amount: $2,016, Year: 2025
Hardwood
Attic Fan, Central Air, Electric
Central, Electric
Listing ID: 10855868, Standard Status: Active, MLS Status: New, On market as of 2026-09-30
3 total parking spaces, Parking Lot
Built in 1945, Construction Materials: Vinyl Siding
County/Parish: Bartow
Updated/Remodeled
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available, Water Source: Public, 220 Volts
Close Of Escrow
Water Body Name: NONE
Accessible Hallway(s)
Building Details
Building Size
1,945 SF
Year Built
1945
Listing Agency:
Atlanta Communities
(770) 240-2007
Listed By:
Jennifer W Vann · License #378596
(678) 918-6685
Source:
Blackstreaminternational
Added: Sep 30
Changed: Oct 13
Last Checked: Oct 12 at 7:14PM
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 Atlanta Communities
Investment Insights
Based on property information with market context.
This renovated mixed-use property is configured for either professional office use or a two-bedroom, one-bath residence. Work included a new flooring system, framing, electrical wiring and panel, plumbing pipes, and an HVAC system with new ductwork. The building dates to 1945.
The property is 0.5 mile from Downtown Cartersville and carries M-U (Multiple-Use) zoning.
The property is 0.5 mile from Downtown Cartersville and carries M-U (Multiple-Use) zoning.
Key Highlights
- M‑U (Multiple‑Use) zoning
- Configured for professional office or two‑bedroom, one‑bath residential use
- Renovations include new flooring system, framing, electrical wiring and panel, and plumbing pipes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,046
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,920
$520.9K
Cap Rate 7%
$372,086
$372.1K
Cap Rate 9%
$289,400
$289.4K
Market Conditions
NOI Build-Up for 1,945 SF
Gross rent
$46.4K $23.87/SF
− Vacancy
−$11.7K −$6.02/SF
EGI
$34.7K $17.85/SF
− OpEx
−$8.7K −$4.46/SF
NOI
$26.0K $13.39/SF
Area
Bartow 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%
$520,920
Cap Rate 7%
$372,086
Cap Rate 9%
$289,400
Alternative Uses
Best Use
Office B
$372.1K
$325.6K – $434.1K
NOI $26,046 @ 7.0% cap · market cap 5.33%
Second Best
Mixed Use
$366.8K
$320.9K – $427.9K
NOI $25,674 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$546.2K
$477.9K – $637.2K
NOI $38,231 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,410
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
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?
Mixed-use property - M-U zoning supports use as a professional office or a two-bedroom residence.
Where is this mixed-use property located?
The property is located at 237 N Erwin Street Cartersville, GA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: M‑U (Multiple‑Use) zoning; Configured for professional office or two‑bedroom, one‑bath residential use; Renovations include new flooring system, framing, electrical wiring and panel, and plumbing pipes
