Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land Opportunity Title is generated by Realmo AI

    3060 Holly Springs Parkway, Canton, GA 30115

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Desirable commercial land in prime location near upcoming Town Center.

    Type:Land, Office
    Lot size:
    4.50 Acres
    Added:
    Oct 23, 2024
    Days on Market:
    580
    Last Refresh:
    May 12 at 9:08 pm

    Property Features for 3060 Holly Springs Parkway

    General Information

    Standard status
    Active
    Lot size
    4.50 Acres
    Property subtype
    Land, Office

    Building Details

    Year Built
    1947

    We can help!

    Listing Contact
    Jane Dreyer

    Listing agent Jane Dreyer

    Listing office Berkshire Hathaway HomeServices Georgia Properties

    Listing date Oct 23, 2024

    Source Crexi

    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 Berkshire Hathaway HomeServices Georgia Properties

    HighLights

    • Prime location on Holly Springs Parkway across from The Town Center Development District.
    • Lucrative opportunity for vertical development (retail/apartments/condos).
    • Minutes from Exit 14 & I‑575 Peach Pass Express Lane for easy commuting.
    • Adjoined by 2 other commercial land pieces creating 4.5+/- acres.
    • Located across the street from the Holly Springs Police Department (FBI Award of Safest City in Georgia/2023).
    • Area identified as a Big City Entertainment Destination with upcoming Holly Springs Town Center, amphitheater, and car park.

    Overview

    This commercial land is located in a prime location on Holly Springs Parkway, across from The Town Center Development District. The City of Holly Springs is adjoined by 2 other pieces of commercial land creating 4.5+/- acres. It is situated minutes from Exit 14 & I-575 Peach Pass Express Lane. This area has been identified as a Big City Entertainment Destination. The upcoming Holly Springs Town Center is a thoughtful Master Plan blending owner operated restaurants, shopping, recreation combined with open greenspace. A 300 space Car Park has been built accommodate the upcoming Amphitheatre. The acreage is situated across the street from the Holly Springs Police Department. This property would be ideal for retail at street level and apartments or condos on the upper floors.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.4682
    Latitude
    34.1774

    Nearby Similar for Sale

    • $649,900

      Prime Land on Cumming Highway

      2.24-acre commercial land with high visibility and growth potential.
      3823 Cumming Highway, Canton, GA 30115
      View Details
    • $748,000
      1,437 SF

      Prime Land in Holly Springs

      Land parcel in thriving Holly Springs Town Center District.
      3132 Holly Springs Parkway, Canton, GA 30115
      View Details
    • $2,900,000
      17,200 SF

      Canton Commercial Building on 2.95 Acres

      17,200 SF showroom and warehouse on 2.95 acres.
      8900 Knox Bridge Highway, Canton, GA 30114
      View Details
    • $130,000

      Highway 20 Land Opportunity

      0.89-acre tract on Highway 20 with commercial potential.
      10388 Cumming Highway, Canton, GA 30115
      View Details
    • $499,900
      1,628 SF

      Corner Lot in Canton, GA

      2.77 acre corner lot suitable for commercial development.
      1515 Little Road, Canton, GA 30115
      View Details
    • $753,500

      Prime Commercial Land Opportunity

      Desirable commercial land in a prime location near Holly Springs.
      3060 Holly Springs Parkway, Canton, GA 30115
      View Details
    • $753,500

      Prime Commercial Land Opportunity

      Desirable commercial land in a prime location near Holly Springs.
      3060 Holly Springs Parkway, Canton, GA 30115
      View Details
    • $649,900

      Prime Land on Cumming Highway

      2.24-acre property with high visibility and commercial potential.
      3823 Cumming Highway, Canton, GA 30115
      View Details
    • $375,000
      3,000 SF

      Versatile Warehouse Near I-575

      3,000 sq ft warehouse on 1.57 acres in Canton, GA.
      365 Russell King Lane, Canton, GA 30115
      View Details
    • $375,000

      Canton Warehouse with Expansion Potential

      Versatile warehouse near I-575 and Northside Cherokee Hospital.
      365 Russell King Lane, Canton, GA 30115
      View Details
    • $625,000
      1,600 SF

      Canton Commercial Land Opportunity

      2 acres of commercial land in a thriving Canton location.
      3806 Hickory Flat Highway, Canton, GA 30115
      View Details

    FAQs

    What type of property is this?
    Commercial land - Desirable commercial land in prime location near upcoming Town Center.
    Where is this commercial land located?
    The property is located at 3060 Holly Springs Parkway Canton, GA.
    What is the asking price?
    The asking price for this property is $753,500.
    What are key features of this property?
    This property features: Prime location on Holly Springs Parkway across from The Town Center Development District.; Lucrative opportunity for vertical development (retail/apartments/condos).; Minutes from Exit 14 & I‑575 Peach Pass Express Lane for easy commuting.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jane Dreyer
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3060 Holly Springs Parkway, Canton, GA 30115
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!