Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3721 Mars Hill Road NW Acworth, GA 30101

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,700,000

    Five residential properties with commercial rezoning potential near Highway 92.

    Type:General Commercial
    Property size:
    1,674 SF
    Price / SF:
    $1,612/SF
    Added:
    Nov 1, 2024
    Days on Market:
    540
    Last Refresh:
    Apr 1 at 8:34 pm

    Property Features for 3721 Mars Hill Road NW

    General Information

    Standard status
    Active
    Size
    1,674 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    1935

    We can help!

    Listing Contact
    Larry DiBiase

    Listing agent Larry DiBiase

    Listing office SparkPoint, LLC

    Listing date Nov 1, 2024

    Source Xome

    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 SparkPoint, LLC

    Overview

    Acworth Assemblage Near Highway 92

    This offering presents an opportunity to acquire five properties, each featuring a single-family home. Currently zoned as residential, the assemblage holds potential for commercial rezoning. The location is directly behind Walmart, Starbucks, Pikes Nurseries, Mavis Tires, and Home Town Car Wash. Situated in unincorporated Acworth at the intersection of Kemp Ridge Road NW and Mars Hill Road, the assemblage includes the following properties: 1) 3721 MARS HILL RD 2) 3650 KEMP RIDGE RD 3) 3691 MARS HILL RD 4) 3710 KEMP RIDGE RD 5) 3722 KEMP RIDGE RD. The area is experiencing strong growth due to the expansion of Highway 92 and the construction of a new bridge over Lake Allatoona, located 0.25 miles away. The property size is 1674 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Acworth
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.6934665
    Latitude
    34.0457169

    Nearby Similar for Sale

    • $1,699,500
      4,475 SF

      Modern Farmhouse Near Lake Allatoona

      New construction home near Lake Allatoona with expansive garage.
      7258 Island Mill Road SE, Acworth, GA 30102
      View Details
    • $750,000

      Acworth Commercial Land Opportunity

      1.30-acre commercial lot in Acworth, high visibility location.
      6387 Bells Ferry Road, Acworth, GA 30102
      View Details
    • $399,999

      Versatile Downtown Acworth Multi-Family Property

      Unique property with two units, ideal for living or investment.
      6071 N Main Street SE, Acworth, GA 30101
      View Details
    • $399,999

      Versatile Downtown Acworth Multifamily Property

      Unique property with two units, ideal for living or investment.
      6071 N Main Street SE, Acworth, GA 30101
      View Details
    • $690,000

      Acworth Land For Sale

      Two parcels totaling 3.84 acres in Acworth, Georgia.
      2520 Baker Road NW, Acworth, GA 30101
      View Details
    • $3,490,000

      Acworth Land on Highway 92

      8.4 acres with road frontage suitable for development.
      Hwy 92, Acworth, GA 30102
      View Details
    • $3,490,000

      Acworth Land on Highway 92

      8.4 acres with 1,100 feet of road frontage.
      Hwy 92, Acworth, GA 30102
      View Details
    • $1,900,000
      6,250 SF

      Acworth Commercial Property with Drive-Thru

      Versatile commercial building with drive-thru in growing Woodstock area.
      6835 Victory Drive, Acworth, GA 30102
      View Details
    • $690,000

      Acworth Land For Sale

      Two parcels totaling 3.84 acres in Acworth, Georgia.
      2520 Baker Road NW, Acworth, GA 30101
      View Details
    • $350,000

      Acworth Land: Custom Home Site

      3.2-acre lot in Acworth, perfect for a custom home.
      4800 Orr Road NW, Acworth, GA 30101
      View Details
    • $350,000

      Acworth Land Ideal Home Site

      3.2-acre lot perfect for custom home in Acworth, GA.
      4800 Orr RD NW, Acworth, GA 30101
      View Details
    • $350,000

      Acworth Land Ideal Home Site

      3.2-acre lot perfect for a custom-built home.
      4800 Orr Road NW, Acworth, GA 30101
      View Details

    FAQs

    What type of property is this?
    Commercial land - Five residential properties with commercial rezoning potential near Highway 92.
    Where is this commercial land located?
    The property is located at 3721 Mars Hill Road NW Acworth, GA.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: Assemblage of 5 single‑family homes offered as a package.; Potential for commercial rezoning.; Excellent location directly behind major retailers like Walmart and Starbucks.
    (770) 331-8204
    We can help!
    Listing Contact
    Larry DiBiase
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!