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

    616 N College Dr Cedartown, GA 30125

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8-unit apartment building in Cedartown, GA. Each unit: 2BR/1BA.

    Lot size:
    0.93 Acres

    Property Features for 616 N College Dr

    General Information

    Standard status
    Active
    Lot size
    0.93 Acres

    We can help!

    Listing Contact
    Lou Dempsey
    Source: Crexi

    Listing Agency: Dempsey Auction Company Listing Agent: Lou Dempsey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Cedartown 8-Unit Apartment Building

    The property is an 8-unit brick apartment building located at 616 N College Dr, Cedartown, GA 30125. Each unit features 2 bedrooms and 1 bath. The property is situated within the Cedartown School District. All utilities are combined. The monthly rent is $8,605, and the 2025 taxes are $3,754. The property is part of a multi-parcel auction including triplexes, duplexes, single-family homes, and other multi-family apartment buildings. The auction will take place on Thursday, March 26, 2026, at 2:00 pm at The Exchange, located at 232 Glenn Milner Blvd, Rome, GA. Bidding will be available live and online. A 10% down payment is required on the sale day, with the balance due within 30 days. A 10% buyer's premium will be applied to all purchases. Closing is to occur on or before 30 days from the sale date.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedartown
    County
    Polk
    State
    Georgia
    Longitude
    -85.254822
    Latitude
    34.038542

    Nearby Similar for Sale

    • $585,000
      5,000 SF

      Downtown Cedartown Commercial Building For Sale

      Well-maintained commercial building in downtown Cedartown with high visibility.
      522 N Main St, Cedartown, GA 30125
      View Details
    • $585,000
      5,568 SF

      Downtown Cedartown Commercial Building For Sale

      Well-maintained commercial building in downtown Cedartown with strong leasing history.
      522 N Main St, Cedartown, GA 30125
      View Details
    • $525,000
      5,423 SF

      Historic Church in Cedartown, Georgia

      Charming church with sanctuary, kitchen, and fellowship hall.
      Charles St, Cedartown, GA 30125
      View Details
    • $260,000
      3,398 SF

      Veterinary Clinic on Large Lot

      Veterinary clinic with fenced yard, suitable for various businesses.
      691 Cave Springs Rd, Cedartown, GA 30125
      View Details
    • $321,000
      22.00 Acres

      22 Acre Pasture Land

      Mini farm with pasture, pond, and pole barn.
      Runyon Loop, Cedartown, GA 30125
      View Details
    • New
      $499,000
      Pending

      Former Health and Rehabilitation Center

      Spacious 25,589 SF former health and rehabilitation center on 1.47 acres.
      148 Cason Rd, Cedartown, GA 30125
      View Details
    • $625,000
      1,493 SF

      Commercial Building in Cedartown Heart

      Commercial brick building in Cedartown with large parking lot.
      325 N Main St, Cedartown, GA 30125
      View Details
    • $417,159
      0.93 Acres

      Cedartown 8-Unit Apartment Building

      8-unit apartment building in Cedartown, GA. Selling at auction.
      616 N College Dr, Cedartown, GA 30125
      View Details
    • $420,998
      0.93 Acres

      Cedartown Multi-Unit Apartment Building

      8-unit apartment building in Cedartown, Georgia.
      620 N College Dr, Cedartown, GA 30125
      View Details
    • $585,000

      Downtown Cedartown Commercial Building

      Well-maintained commercial building in downtown Cedartown with ample parking.
      522 N Main St, Cedartown, GA 30125
      View Details
    • $600,000
      13,102 SF

      Industrial Property on Furnace Street

      Industrial property with two buildings and truck scales for sale.
      404 S Furnace St, Cedartown, GA 30125
      View Details
    • $600,000
      13,102 SF

      Prime Cedartown Industrial Property

      14.72 Acres, 13,102 SF Building
      404 Furnace St, Cedartown, GA 30125
      View Details

    FAQs

    What type of property is this?
    Apartment building - 8-unit apartment building in Cedartown, GA. Each unit: 2BR/1BA.
    Where is this apartment building located?
    The property is located at 616 N College Dr Cedartown, GA.
    What are key features of this property?
    This property features: - 8-unit brick apartment building in Cedartown, GA; - Each unit offers 2 bedrooms and 1 bath; - Monthly Rent: $8,605
    Request Owner's contact information
    616 N College Dr Cedartown, GA 30125
    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.
    616 N College Dr
    Cedartown, GA 30125
    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
    616 N College Dr Cedartown, GA 30125
    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

    We can help!
    Listing Contact
    Lou Dempsey
    Real Estate License ID: 4921
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!