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    Retail Space in Canton Center Title is generated by Realmo AI

    557 Riverstone Pkwy, Canton, GA 30114

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    Retail space available in a busy Canton shopping center.

    Type:Retail
    Property size:
    43,350 SF
    Added:
    Jan 19, 2023
    Days on Market:
    1232
    Last Refresh:
    May 12 at 10:39 pm

    Property Features for 557 Riverstone Pkwy

    General Information

    Standard status
    Active
    Size
    43,350 SF
    Property subtype
    Retail

    Spaces For Lease

    at 557 Riverstone Pkwy Contact us

    Suite 557/120 A (Subdivided) $25/Mo

    Size
    1,421 SF
    Type
    Retail
    1,421 SF retail space with large retail area, 2 office space, and spacious back area....
    show more
    Contact us

    Suite 557/120 B (Subdivided) $25/Mo

    Size
    2,420 SF
    Type
    Retail
    2,420 SF retail space with large retail area, 2 office space, and spacious back area....
    show more
    Contact us

    Suite 557/120 $20/Mo

    Size
    3,840 SF
    Type
    Retail
    3,840 SF retail space with large retail area, 2 office space, and spacious back area....
    show more
    Contact us

    We can help!

    Listing Contact
    Justin Dinerman

    Listing agent Justin Dinerman License #GA 245571

    Listing office Dinerman Group

    Listing date Jan 19, 2023

    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 Dinerman Group

    HighLights

    • High‑visibility location on Riverstone Parkway, Canton’s main retail district, with 21,600 VPD traffic count.
    • Anchored by ALDI and Dollar Tree, providing established customer traffic.
    • Located at a signalized intersection with 3 entrance points.
    • Adjacent to downtown Canton’s historic loop and across from the Canton Mill Lofts undergoing multi‑million dollar renovation.
    • Proximity to major retailers including Home Depot, Publix, and Ross.
    • Less than 2 miles from Northside Hospital.

    Overview

    This Cherokee County neighborhood center, located in Canton's city center, offers 43,350 square feet of retail space. Anchor tenants include ALDI and Dollar Tree, with other tenants such as Johnny's New York Style Pizza and Georgia Pain Clinic also present. The center is situated on Riverstone Parkway, Canton’s main retail district, adjacent to downtown Canton’s historic loop. The location offers high visibility with three entrance points at a signalized intersection. Traffic counts reach 21,600 vehicles per day directly in front of the center. Other retailers along the 1.5-mile Riverstone retail corridor include Home Depot, Publix, Ingles, Ross, Belk, Michael’s, Staples, Walgreens, Longhorn, Outback, Cracker Barrel, Applebee’s, Red Lobster, and O’Charley’s. The property is less than 2 miles from the new Northside Hospital and directly across from the Canton Mill Lofts, a historic factory converted to residences and currently undergoing a multi-million dollar renovation. Vape or Smoke Shops and Event Facilities are not accepted uses at this property.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Estetica Oswaldos — 54 Academy St, Canton, GA 30114
    • Riverstone Mill — Riverstone Mill Shopping Center, Riverstone Pkwy #553-559, Canton, GA 30114
    • Coinstar Kiosk | Bitcoin ATM — Ingles Supermarkets, 104 Riverstone Pkwy, Canton, GA 30114
    • Atlanta outlet — Riverstone Pkwy, Canton, GA 30114
    • Riverstone Plaza — 1451 Riverstone Pkwy, Canton, GA 30114

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.482627
    Latitude
    34.245373

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      Prime Retail Shopping Center Space

      Class A retail space in high-traffic shopping center.
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    FAQs

    What type of property is this?
    Shopping center - Retail space available in a busy Canton shopping center.
    Where is this shopping center located?
    The property is located at 557 Riverstone Pkwy Canton, GA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location on Riverstone Parkway, Canton’s main retail district, with **21,600 VPD traffic count**.; Anchored by ALDI and Dollar Tree, providing **established customer traffic**.; Located at a signalized intersection with 3 entrance points.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Dinerman
    Real Estate License ID: GA 245571
    Learn More
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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.

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