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    Carrollton Retail Center For Sale Title is generated by Realmo AI

    535 Bankhead Hwy, Carrollton, GA 30117

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    For Sale
    $7,690,000

    89,880 SF retail center in Carrollton, GA with strong cashflow.

    Type:Shopping Strip
    Property size:
    89,880 SF
    Price / SF:
    $85/SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 5:08 am

    Property Features for 535 Bankhead Hwy

    General Information

    Standard status
    Active
    Size
    89,880 SF
    Property subtype
    Shopping Strip

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Zachary Taylor

    Listing agent Zachary Taylor License #GA: 266327

    Listing office Atlanta Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Atlanta Office

    HighLights

    • High Occupancy and Strong Cash Flow: 97% leased retail center generating $595,706 in‑place NOI, providing immediate Day‑1 cash flow.
    • Mark‑to‑Market Upside: Opportunity to increase NOI by 28% through renewals and re‑leasing at market rates.
    • Dominant Retail Positioning on Bankhead Hwy (20,000 VPD) near Route 166 (30,000 VPD) with limited competition and excellent visibility.
    • Strong Tenant Demand and Tenure: Demonstrated by recent Ashley Furniture backfill and Family Dollar renewal, with an average tenant tenure of 10.4 years.
    • Atlanta MSA Location: Located in Carrollton, a West Georgia hub within the Atlanta MSA, serving a regional population of 430,000+.
    • Attractive 7.75% Cap Rate with potential for further upside through leasing and renewals.

    Overview

    This 89,880 square foot retail center is located in Carrollton, GA, part of the Atlanta MSA. The property is 97% leased, generating a $595,706 net operating income. The center benefits from strong tenant demand, demonstrated by a recent Ashley Furniture backfill and Family Dollar renewal. The average tenant tenure is 10.4 years. There is a 3,000 square foot vacancy. The average in-place rent is $11.04 per square foot, with shop space rents at $12.80. Twenty percent of the gross leasable area rolls within the next 3 years with no options to renew. The property is positioned on a signalized corner location with frontage on Bankhead Highway (20,000 vehicles per day) and proximity to Route 166 (30,000 vehicles per day). It serves as a hub for surrounding rural areas with limited competition and is surrounded by national retailers. Carrollton serves as a hub for West Georgia with an $80,000+ average household income and low cost of living, acting as a retail and medical center for a regional population of 430,000+. Major traffic drivers include the University of West Georgia (16,072 students), Tanner Medical Center, and Southwire. Local developments include the Carrollton Greenbelt, Adamson Square downtown district, and Oak Mountain & Sunset Hills Country Clubs.
    Location Intelligence

    Current Use by Public Records

    Ollie's Bargain Outlet Discount Store

    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.

    Similar Places Nearby

    • Tower Plaza — 515 Bankhead Hwy, Carrollton, GA 30117
    • First Tuesday Mall — 1004 Bankhead Hwy, Carrollton, GA 30117
    • Coinstar Kiosk | Bitcoin ATM — Food Depot, 1004 Bankhead Hwy, Carrollton, GA 30117

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Carroll
    State
    Georgia
    Longitude
    -84.9303997
    Latitude
    33.7320513

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    FAQs

    What type of property is this?
    Shopping center - 89,880 SF retail center in Carrollton, GA with strong cashflow.
    Where is this shopping center located?
    The property is located at 535 Bankhead Hwy Carrollton, GA.
    What is the asking price?
    The asking price for this property is $7,690,000.
    What are key features of this property?
    This property features: High Occupancy and Strong Cash Flow: 97% leased retail center generating $595,706 in‑place NOI, providing immediate Day‑1 cash flow.; Mark‑to‑Market Upside: Opportunity to increase NOI by 28% through renewals and re‑leasing at market rates.; Dominant Retail Positioning on Bankhead Hwy (20,000 VPD) near Route 166 (30,000 VPD) with limited competition and excellent visibility.
    (678) 808-2780
    We can help!
    Listing Contact
    Zachary Taylor
    Real Estate License ID: GA: 266327
    Learn More
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    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.

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