Commercial Redevelopment
For Sale
$1,495,000
893 S Park St, Carrollton, GA 30117
Commercial redevelopment site near Tanner Medical Center, SouthWire, and the University of West Georgia.
Property Size4,172 SF
Price / SF$358.34
Days on Market40
Property Features for 893 S Park St
General Information
Standard status
Active
Size
4,172 SF
Building Details
Year Built
1989
Listing Agency:
eXp Realty
(404) 689-4408
Listed By:
The Stacey Group · License #.
Source:
Broadandmainrealestate
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 28 at 8:34PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 6.086-acre commercial tract is positioned for redevelopment in Carrollton, Georgia. The property is suited to concepts involving retail, office, restaurant, or mixed-use space, with sufficient scale for a larger commercial plan.
Located at 893 S Park St, the site is identified as one of Carrollton’s higher-traffic commercial areas, with approximately 30,000 vehicles passing daily. Nearby destinations include Tanner Medical Center, SouthWire, the University of West Georgia, and Carrollton City Schools. Its placement within the city’s retail corridor provides a central setting for future commercial development.
Located at 893 S Park St, the site is identified as one of Carrollton’s higher-traffic commercial areas, with approximately 30,000 vehicles passing daily. Nearby destinations include Tanner Medical Center, SouthWire, the University of West Georgia, and Carrollton City Schools. Its placement within the city’s retail corridor provides a central setting for future commercial development.
Key Highlights
- 6.086‑acre commercial tract
- Approximately 30,000 vehicles passing daily
- 893 S Park St, Carrollton, GA 30117
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
$58,681
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
3.93%
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%
$1,173,620
$1.2M
Cap Rate 7%
$838,300
$838.3K
Cap Rate 9%
$652,011
$652.0K
Market Conditions
NOI Build-Up for 4,172 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
$91.6K $21.96/SF
− Vacancy
−$7.8K −$1.87/SF
EGI
$83.8K $20.09/SF
− OpEx
−$25.1K −$6.03/SF
NOI
$58.7K $14.07/SF
Area
Carroll County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,173,620
Cap Rate 7%
$838,300
Cap Rate 9%
$652,011
Alternative Uses
Best Use
Retail
$838.3K
$733.5K – $978.0K
NOI $58,681 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,636 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
2,829 visits/mo
0.4 miles
Family Dollar
Shops & Services
1,988 visits/mo
0.4 miles
Demographics for 30117, GA
37,644
Population
15,313
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
85%
High-School Grad
108.1 sq mi
ZIP Area
348
Density / Sq Mi
$58,463
Median Household Income
$31,273
Median Earnings
$1,066
Median Rent
$239,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial redevelopment site near Tanner Medical Center, SouthWire, and the University of West Georgia.
Where is this commercial land located?
The property is located at 893 S Park St Carrollton, GA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 6.086‑acre commercial tract; Approximately 30,000 vehicles passing daily; 893 S Park St, Carrollton, GA 30117
