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    444 Stripling Chapel Rd Carrollton, GA 30117

    For Sale
    $989,000

    High-traffic GA location, development-ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Exceptional opportunity to acquire a 1.55-acre commercial land parcel in Carrollton, Georgia, situated adjacent to a high-performing Walmart Supercenter generating $122 million in annual sales. This prime location benefits from a recently completed ($8 million) Walmart renovation (January 1, 2023) and is part of a thriving power center node including Lowe's, Dollar Tree, Ruby Tuesday, Moe's, and many other national and local tenants. A Special Use Permit has already been approved, based on existing architectural and engineering plans, to construct a 20,400 square foot retail building with flexibility for office, warehouse, industrial, or flex space. Market rents for similar properties suggest $22.50 per square foot plus NNN. The property is zoned for General Business and Retail/Industrial use, offering a wide range of development possibilities beyond the approved plans. There are no restrictions from Walmart. This site has already generated significant interest from various potential tenants, including fitness centers, restaurants, and other service-oriented businesses. The asking price is $989,000, with a pro-forma NOI of $250,000 and a pro-forma cap rate of 6.50%. This is a rare opportunity to capitalize on a high-demand location with significant development potential and immediate leasing prospects. The property is located at 444 Stripling Chapel Rd, Carrollton, GA 30117.

    Property Features for 444 Stripling Chapel Rd

    General Information

    Property type
    Land
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    One Twenty Two ... Auto Body Shop 1st Franklin Financial Loan Agency Bealls Outlet - Carrollton ... Outlet Store Dollar Tree Dollar Store

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Carroll
    State
    Georgia
    Longitude
    -85.0775515
    Latitude
    33.5408357

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    FAQs

    What type of property is this?
    Land - High-traffic GA location, development-ready.
    Where is this land located?
    The property is located at 444 Stripling Chapel Rd Carrollton, GA.
    What is the asking price?
    The asking price for this property is $989,000.
    Request Owner's contact information
    444 Stripling Chapel Rd Carrollton, GA 30117
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    Carrollton, GA 30117
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    Realmo Value Estimation

    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.

    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.

    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
    444 Stripling Chapel Rd Carrollton, GA 30117
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