Office Building in Mixed Use OI
For Sale
$685,000
402 Carrollton Street, Temple, GA 30179
Commercial Sale, Temple, GA
Property Size1,576 SF
Lot Size0.44 Acres
Price / SF$434.64
Days on Market97
Property Features for 402 Carrollton Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
10
Parking features
Parking Lot
Fencing
Privacy, Fenced
Accessibility
Accessible Approach with Ramp
Lot features
Level
Directions
GPS Friendly
Standard status
Active
APN
T04 0060032
Size
1,576 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
3843
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1962
Flooring type
Tile, Laminate
Building materials
Brick
Additional Structures
Workshop
Listing Agency:
Platinum Real Estate Solutions
(770) 562-4663
Listed By:
Crystal Payne · License #362740
(770) 696-8934
Added: May 16
Changed: Aug 20
Last Checked: Aug 20 at 2:06PM
MLS# 10766398
Copyright © 2026 Georgia Multiple Listing Service. 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.
This brick office building (built in 1962) is improved for an owner-user or investor and currently operates as a long-established hair salon. The interior includes a reception area, spacious waiting room, two large separated salon areas with a total of four styling stations, a two-fixture public restroom, large color/storage room, breakroom, private office, and a full bath with laundry area. Interior updates include updated laminate flooring, newer windows, and energy-efficient LED lighting throughout. The property also offers accessible approach with ramp, fenced/privacy exterior with double gates, and parking lot improvements in good condition.
Situated on approximately 0.44 acres at 402 Carrollton Street in Temple, the property is on Highway 113, about 0.5 miles from Interstate 20, and is surrounded by established businesses including Ingles, AutoZone, Bojangles, and Zaxby's. Exterior includes landscaping, signage, concrete parking and drives, plus parking for approximately 10 vehicles including a designated handicapped space.
Additional value-add features include a 12x18 wired outbuilding with 120V/220V power, heat and air, along with a 12x24 storage shed and a crush run area for potential parking expansion. Sold as-is; business is not included in the sale.
Situated on approximately 0.44 acres at 402 Carrollton Street in Temple, the property is on Highway 113, about 0.5 miles from Interstate 20, and is surrounded by established businesses including Ingles, AutoZone, Bojangles, and Zaxby's. Exterior includes landscaping, signage, concrete parking and drives, plus parking for approximately 10 vehicles including a designated handicapped space.
Additional value-add features include a 12x18 wired outbuilding with 120V/220V power, heat and air, along with a 12x24 storage shed and a crush run area for potential parking expansion. Sold as-is; business is not included in the sale.
Key Highlights
- Mixed Use OI zoning on a 0.44‑acre Temple site
- Highway 113 frontage with access about 0.5 miles from Interstate 20
- 1,576 SF brick office/salon layout: reception, waiting room, four styling stations
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
$21,104
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
3.08%
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%
$422,080
$422.1K
Cap Rate 7%
$301,486
$301.5K
Cap Rate 9%
$234,489
$234.5K
Market Conditions
NOI Build-Up for 1,576 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
$37.6K $23.87/SF
− Vacancy
−$9.5K −$6.02/SF
EGI
$28.1K $17.85/SF
− OpEx
−$7.0K −$4.46/SF
NOI
$21.1K $13.39/SF
Area
Carroll 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%
$422,080
Cap Rate 7%
$301,486
Cap Rate 9%
$234,489
Alternative Uses
Best Use
Office B
$301.5K
$263.8K – $351.7K
NOI $21,104 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$440.6K
$385.5K – $514.0K
NOI $30,839 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Explore this area
Business Placement
Demographics for 30179, GA
18,577
Population
7,064
Households
2.6
Avg Household Size
36
Median Age
15%
College-Educated
85%
High-School Grad
73.3 sq mi
ZIP Area
253
Density / Sq Mi
$79,311
Median Household Income
$39,553
Median Earnings
$1,129
Median Rent
$217,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Mixed Use OI zoned office building with central HVAC, public utilities, and parking for approximately 10 vehicles.
Where is this office building located?
The property is located at 402 Carrollton Street Temple, GA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Mixed Use OI zoning on a 0.44‑acre Temple site; Highway 113 frontage with access about 0.5 miles from Interstate 20; 1,576 SF brick office/salon layout: reception, waiting room, four styling stations
