Building Details

Building Size 1,940 SF

Year Built 1940

Listing Agency: Journey Realty Group LLC

Listed By: Renae H Bell · License #357025 Show Phone

Source: Blackstreaminternational

Added: Sep 17 Changed: Nov 3 Last Checked: Nov 3 at 7:23AM

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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 Journey Realty Group LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This mixed-use unit at 24 W Alabama St., Unit 1, in Tallapoosa offers a flexible setting for retail or professional office operations. The space has recently received updates to its plumbing, electrical systems, and interior paint, providing a refreshed starting point for a new occupant.

Water, sewer, and trash collection are included in the rent. The property was built in 1940 and is positioned within Tallapoosa’s commercial setting, with the address providing convenient identification for customers, clients, and service providers.

Key Highlights

• Suitable for retail or professional office use
• Recently updated plumbing and electrical systems
• Interior paint has been recently refreshed

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,200

Suggested Prices Based on Cap Rates

Cap Rate 5%

$264,000 $264.0K

Cap Rate 7%

$188,571 $188.6K

Cap Rate 9%

$146,667 $146.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$24.0K $24.00/SF

− Vacancy

−$2.9K −$2.88/SF

EGI

$21.1K $21.12/SF

− OpEx

−$7.9K −$7.92/SF

NOI

$13.2K $13.20/SF

Area

Haralson County, GA

Vacancy

12.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$264,000

Cap Rate 7%

$188,571

Cap Rate 9%

$146,667

Alternative Uses

Best Use

Retail

$200.9K

$175.8K – $234.4K (±1% cap)

NOI $14,065 @ 7.0% cap · market cap 1,406.50%

Second Best

Office B

$191.3K

$167.4K – $223.2K (±1% cap)

NOI $13,391 @ 7.0% cap · market cap 1,339.10%

Theoretical Best

Office A

$280.8K

$245.7K – $327.6K (±1% cap)

NOI $19,656 @ 7.0% cap · market cap 1,965.60%

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

Retail space

Suggested Use

Top Pick Electrical Service Plumbing Service Parking Lot & Garage Bakery Garden Center Kitchen & Bath Showroom

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

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

269

Businesses Nearby

Explore this area Business Placement

Demographics for 30176, GA

7,195

Population

3,172

Households

2.3

Avg Household Size

41

Median Age

16%

College-Educated

85%

High-School Grad

83.1 sq mi

ZIP Area

87

Density / Sq Mi

$59,958

Median Household Income

$40,610

Median Earnings

$914

Median Rent

$179,600

Median Home Value

Market

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?

Mixed-use property - Flexible commercial unit suited to retail or professional office use with recent plumbing, electrical, and paint improvements.

Where is this mixed-use property located?

The property is located at 24 W Alabama Street #1 Tallapoosa, GA.

What are key features of this property?

This property features: Suitable for retail or professional office use; Recently updated plumbing and electrical systems; Interior paint has been recently refreshed