Brick Live-Work
New
For Sale
$250,000
254 S Dixie Avenue, Cartersville, GA 30120
Commercial Sale, Cartersville, GA
Property Size1,050 SF
Lot Size0.22 Acres
Price / SF$238.10
Days on Market2
Property Features for 254 S Dixie Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Parking
3
Parking features
Parking Lot
Interior features
Restrooms
Fencing
Privacy
Accessibility
Accessible Approach with Ramp
Lot features
Free Standing
Directions
GPS friendly. Go through Quality Inn parking lot. First brick house on left.
Standard status
Active
APN
C018 0002 002
Size
1,050 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1438
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Flooring type
Laminate
Building materials
Brick 3 Sides
Roof type
Asphalt
Listing Agency:
Professional Realty Group
(770) 387-1706
Listed By:
HOWARD SMITH · License #159144
(770) 318-1018
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 19 at 9:06PM
MLS# 7840174
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 254 S Dixie Avenue in Cartersville, this 1,050-square-foot property combines a converted house layout with office functionality. The interior includes two bedrooms, two bathrooms, and two additional rooms that can serve as offices, along with laminate flooring and restrooms. Three-sided brick construction, an asphalt roof, central air, and electric heating are part of the existing improvements.
The 0.22-acre parcel is adjacent to US Hwy 41 and includes a parking lot, privacy fencing, and an accessible approach with ramp. GC zoning supports a range of commercial uses. Public water and public sewer serve the property, with cable available. Built in 1940, the building also features a roof replacement and HVAC that is 5 years old.
The 0.22-acre parcel is adjacent to US Hwy 41 and includes a parking lot, privacy fencing, and an accessible approach with ramp. GC zoning supports a range of commercial uses. Public water and public sewer serve the property, with cable available. Built in 1940, the building also features a roof replacement and HVAC that is 5 years old.
Key Highlights
- 1,050‑square‑foot converted house configured with office space
- Two bedrooms, two bathrooms, and two additional office rooms
- GC zoning with public water and public sewer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,061
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$281,220
$281.2K
Cap Rate 7%
$200,871
$200.9K
Cap Rate 9%
$156,233
$156.2K
Market Conditions
NOI Build-Up for 1,050 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.1K $23.87/SF
− Vacancy
−$6.3K −$6.02/SF
EGI
$18.7K $17.85/SF
− OpEx
−$4.7K −$4.46/SF
NOI
$14.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$281,220
Cap Rate 7%
$200,871
Cap Rate 9%
$156,233
Alternative Uses
Best Use
Office B
$200.9K
$175.8K – $234.4K
NOI $14,061 @ 7.0% cap · market cap 5.62%
Second Best
Mixed Use
$198.0K
$173.3K – $231.0K
NOI $13,860 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$294.8K
$258.0K – $344.0K
NOI $20,639 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,174
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - GC-zoned property with office conversion, residential-style rooms, parking, and direct proximity to US Hwy 41.
Where is this live-work space located?
The property is located at 254 S Dixie Avenue Cartersville, GA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,050‑square‑foot converted house configured with office space; Two bedrooms, two bathrooms, and two additional office rooms; GC zoning with public water and public sewer
