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

    1188 Collinsworth Rd Palmetto, GA 30268

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

    Large lot near I-85 and Palmetto Logistics Center.

    Type:Land
    Added:
    Aug 12, 2020
    Days on Market:
    2076
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 1188 Collinsworth Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Dawn Scarbrough

    Listing agent Dawn Scarbrough License #GA 163916

    Listing office RE/MAX Concierge

    Listing date Aug 12, 2020

    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 RE/MAX Concierge

    Overview

    Palmetto Commercial Land For Sale

    This large commercial lot is located at the Palmetto exit off I-85, situated in front of the Palmetto Logistics Center. The property has frontage on both Collingsworth/Weldon Road and the I-85 southbound exit ramp. Zoned C-3 within the City of Palmetto, the land comprises combined Coweta County parcel numbers 129 7097 005 and 129 7128 009. It features frontage on the I-85 southbound on-ramp and Weldon Road at Collinsworth Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Frank's Family Restaurant Restaurant Marathon Gas Station ATM Atm Chevron Gas Station Mac's Pizza & Wings Restaurant

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Gym & Fitness Center Skin Care Clinic Grocery & Convenience Store Car Rental Facility Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto
    County
    Fulton
    State
    Georgia
    Longitude
    -84.6411278
    Latitude
    33.5019173

    Nearby Similar for Sale

    • $599,000

      Pristine 12+ Acre Property

      12+ acres in Chattahoochee Hills, GA. Endless possibilities!
      Hearn Road, Palmetto, GA 30268
      View Details
    • $650,000
      6,000 SF

      Palmetto Flex Space Opportunity

      6,000 sq ft flex space on 3+ acres.
      8285 Wilkerson Mill Rd, Palmetto, GA 30268
      View Details
    • $1,250,000

      Undeveloped Land in South Fulton

      21.8 acres of undeveloped land with pond in Palmetto, GA.
      8555 Wilkerson Mill Road, Palmetto, GA 30268
      View Details
    • $1,250,000

      Undeveloped Land in South Fulton

      21.8 acres of land with road frontage and pond.
      8555 Wilkerson Mill Road, Palmetto, GA 30268
      View Details
    • $90,000

      Palmetto, GA Buildable Land

      1.8 acres of easily accessible land with available utilities.
      234 Fayetteville Road, Palmetto, GA 30268
      View Details
    • $7
      300,000 SF

      Palmetto Industrial Space For Sale

      Industrial property with 100,000 - 300,000 SF available in Palmetto.
      800 Weldon Road, Palmetto, GA 30268
      View Details
    • Contact for pricing
      300,000 SF

      Palmetto Warehouse and Distribution Space

      100,000-300,000 SF available near I-85 in Palmetto, GA.
      800 Weldon Road, Palmetto, GA 30268
      View Details
    • $3,300,000
      30 SF

      30 Acres Commercial Land Package

      30 acres of commercial land near interstate in Palmetto, GA.
      520 Weldon Road, Palmetto, GA 30268
      View Details
    • $129,000

      Wooded Lot in Palmetto, GA

      4.27-acre wooded lot near Atlanta airport with multi-use zoning.
      TATUM Road, Palmetto, GA 30268
      View Details
    • Contact for pricing
      563,193 SF

      Palmetto Industrial Distribution Center

      563,193 SF industrial space with easy highway access.
      7995 Bowen Road, Palmetto, GA 30268
      View Details
    • $65,000

      Residential Lot in Palmetto, GA

      2.26-acre residential lot in a peaceful Palmetto location.
      Phipps Road, Palmetto, GA 30268
      View Details
    • Contact for pricing
      563,193 SF

      Palmetto Distribution Warehouse For Sale

      563,193 SF cross-dock distribution warehouse with ample parking.
      7995 Bowen Road, Palmetto, GA 30268
      View Details

    FAQs

    What type of property is this?
    Commercial land - Large lot near I-85 and Palmetto Logistics Center.
    Where is this commercial land located?
    The property is located at 1188 Collinsworth Rd Palmetto, GA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Located at the Palmetto exit off I‑85; Frontage on I‑85 southbound on‑ramp; Frontage on Weldon Rd @ Collinsworth
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dawn Scarbrough
    Real Estate License ID: GA 163916
    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!