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    230 Dixie Ave Cartersville, GA 30120

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    For Lease
    Contact for pricing

    Prime Retail Space, Cartersville, GA

    Lot size:
    154,425 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    416
    Cartersville Plaza offers exceptional retail space in a high-traffic location at the Northwest corner of Highway 41 and Nelson Street, with an address of 230 N Dixie Ave, Acworth, GA 30120. This established shopping center, anchored by Gabe's and Ollie's Bargain Outlet, provides a strong retail environment. The property totals 154,425 square feet and currently has 11,650 square feet of vacant space available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 950 square feet to a maximum contiguous space of 5,300 square feet. The center is conveniently located in Bartow County, Georgia, across from Cartersville High School, ensuring high visibility and foot traffic. This presents a unique opportunity for businesses seeking a well-established location with strong anchor tenants in a thriving community. The property's strategic placement at a major intersection guarantees excellent exposure to a large customer base. The available spaces are ideal for a variety of retail uses, offering flexibility for businesses of different sizes. This is a prime opportunity to establish or expand your retail presence in a high-demand area. Contact us today to learn more about leasing opportunities at Cartersville Plaza.

    Property Features for 230 Dixie Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    154,425 SF

    Unit(s) available at that property

    Space
    Suite 25
    Size
    950 SF
    Space
    Suite 21
    Size
    5,300 SF
    Space
    Suite 9
    Size
    3,000 SF
    Space
    Suite 3
    Size
    2,400 SF

    We can help!

    Listing Contact
    Tom Wouters

    Learn more

    HighLights

    • Move‑in ready retail space.
    • 950‑5,300 SF of available retail space.
    • Ample parking available.
    • High visibility from Hwy 41 and Nelson Street.
    • 154,425 SF shopping center.
    • Convenient Hwy 41 location, minutes from Hwy 75.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cartersville
    County
    Bartow
    State
    Georgia
    Longitude
    -84.7889806
    Latitude
    34.1714415

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, Cartersville, GA
    Where is this individual retail property located?
    The property is located at 230 Dixie Ave Cartersville, GA.
    What are key features of this property?
    This property features: Move-in ready retail space.; 950-5,300 SF of available retail space.; Ample parking available.
    Request Owner's contact information
    230 Dixie Ave Cartersville, GA 30120
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    Cartersville, GA 30120
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    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
    230 Dixie Ave Cartersville, GA 30120
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    We can help!
    Listing Contact
    Tom Wouters
    Real Estate License ID: TN
    Learn more
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