Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    216 Scott Rd Canton, GA 30115

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $975,000

    Prime Canton location, 2.53 acres, 3 buildings.

    Property Features for 216 Scott Rd

    General Information

    Property type
    Specialty properties
    Lot Size
    110,207 SF

    Building Details

    Year Built
    1984
    Buildings
    3

    We can help!

    Listing Contact
    Jaime Brock
    Jaime Brock

    Listing Agency: ERA Sunrise Realty Listing Agent: Jaime Brock

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

    Learn more

    Overview

    This exceptional 2.53-acre property at 216 Scott Road in Canton, Georgia, presents a compelling investment opportunity. Currently zoned R-40, this assemblage of three buildings constructed in 1984 offers significant potential for redevelopment. Its strategic location provides easy access to I-575, Highway 140, and Highway 20, ensuring high visibility and convenient access for potential businesses. The property's proximity to Northside Hospital Cherokee makes it particularly attractive for medical office development, while its location near the Canton Marketplace supports retail ventures. The current zoning, coupled with the commercial zoning of nearby properties, suggests a favorable environment for future commercial projects. The asking price is $975,000. Homes are currently occupied on the property. This is a rare chance to acquire a substantial parcel in a rapidly growing area with strong potential for significant return on investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Cherokee - GA
    State
    Georgia
    Longitude
    -84.4539083
    Latitude
    34.2091453

    Nearby Similar for Sale

    • $950,000
      3.50 Acres

      Canton Commercial Property on 3.5 Acres

      Unique property with multiple buildings, ideal for nonprofit or retreat.
      8024 E Cherokee Dr, Canton, GA 30115
      View Details
    • $589,900

      Canton Multifamily Townhome Opportunity

      Two townhomes available in Canton, GA.
      137 Cypress Ct, Canton, GA 30115
      View Details
    • $850,000
      0.59 Acres

      Canton Triplex Investment Opportunity

      Fully leased triplex near downtown Canton with long-term tenants.
      284 Shoal Creek Rd, Canton, GA 30114
      View Details
    • $850,000
      0.59 Acres

      Canton Triplex Investment Opportunity

      Fully leased triplex near downtown Canton with long-term tenants.
      284 Shoal Creek Rd, Canton, GA 30114
      View Details
    • $514,800

      Canton, GA Townhomes Available

      Two townhomes for sale in Canton, Georgia.
      134 Cypress Ct, Canton, GA 30115
      View Details
    • $350,000
      0.13 Acres

      Commercial Property in Canton, Georgia

      Commercial property for sale in Canton, Georgia, Cherokee County.
      520 Waleska Road/Reinhardt College Pkwy, Canton, GA 30114
      View Details
    • $6,269,000
      49.34 Acres

      Canton GA Ranch Land

      49-acre property with lake frontage and multiple residences.
      1075 Johnson Brady Rd, Canton, GA 30115
      View Details
    • $298,000
      0.10 Acres

      Updated Home in Canton, GA

      Single-level home with updated kitchen, fenced backyard, tenant in place.
      255 Osmanthus Way, Canton, GA 30114
      View Details
    • $514,800

      Canton GA Townhomes Investment Opportunity

      Two townhomes in Canton, GA, available for purchase.
      134 Cypress Ct, Canton, GA 30115
      View Details
    • $925,000
      4,000 SF

      Established Auto Repair Business Opportunity

      Well-established auto service shop in Canton, GA since 1987.
      997 Reinhardt College Pkwy, Canton, GA 30114
      View Details
    • $375,000
      3,000 SF

      Versatile Warehouse Near I-575

      3,000 sq ft warehouse on 1.57 acres in Canton, GA.
      365 Russell King Ln, Canton, GA 30115
      View Details
    • $375,000
      1.57 Acres

      Canton Warehouse with Expansion Potential

      Versatile warehouse near I-575 and Northside Cherokee Hospital.
      365 Russell King Ln, Canton, GA 30115
      View Details

    FAQs

    What type of property is this?
    Specialty property - Prime Canton location, 2.53 acres, 3 buildings.
    Where is this specialty property located?
    The property is located at 216 Scott Rd Canton, GA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: $975,000 asking price.; Special purpose property built in 1984.; Three buildings on a 2.53-acre lot.
    (770) 547-8082
    Request Owner's contact information
    216 Scott Rd Canton, GA 30115
    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.
    216 Scott Rd
    Canton, GA 30115
    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
    216 Scott Rd Canton, GA 30115
    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
    Jaime Brock
    Jaime Brock
    Real Estate License ID: 343970
    (770) 547-8082 (770) 720-1515 (678) 787-1222
    Learn more
    Google sign-in failed. Please try again or use another login method.