Add Listing
    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

    5692 Castleberry Rd Cumming, GA 30040

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two parcels totaling 11.47 acres, ideal for commercial development.

    Type:Land
    Lot size:
    11.47 Acres
    Added:
    Apr 11, 2024
    Days on Market:
    740
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 5692 Castleberry Rd

    General Information

    Standard status
    Active
    Lot size
    11.47 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Doug Sills

    Listing agent Doug Sills License #364034

    Listing office Bagley Commercial Properties

    Listing date Apr 11, 2024

    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 Bagley Commercial Properties

    Overview

    Prime Land for Commercial Development

    Two parcels of land, being sold together, offer approximately 11.47 acres of potential commercial development opportunity. The parcels, located at 5692 Castleberry Road and 5702 Castleberry Road in Cumming, GA, consist of approximately 5.47 acres and 6 acres respectively. The zoning is AG, but the land is being marketed for its commercial potential. The property features an estimated 517 feet of road frontage on Castleberry Road, situated near the intersection of Castleberry Road and Bethelview Road. Sewer access is located approximately 300 feet behind the property. Note that the homes on the property will not be viewed at the initial showing, as the value is in the land itself.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.1918245
    Latitude
    34.1697021

    Nearby Similar for Sale

    • $624,900
      1,264 SF

      Commercial Opportunity Near GA 400

      Renovated property on 0.88 acres in high-traffic area.
      4455 Jot Em Down Road, Cumming, GA 30028
      View Details
    • $425,000
      3,600 SF

      Commercial Building on Large Lot

      Commercial building on 1.08 acres near downtown Cumming.
      1555 Dahlonega Highway, Cumming, GA 30040
      View Details
    • $1,500,000
      12,000 SF

      Versatile Commercial Property on Canton Highway

      Mixed-use property with warehouse, retail, and billboard income potential.
      4625 Canton Highway, Cumming, GA 30040
      View Details
    • $2,500,000
      12,311 SF

      Commercial Property on Highway 400

      Versatile commercial property in high-growth Cumming location.
      6470 Georgia Highway 400, Cumming, GA 30028
      View Details
    • $300,000
      1,140 SF

      Prime Office Space in Cumming

      Excellent location, functional layout, ideal for various office users.
      2450 Atlanta Highway, Cumming, GA 30040
      View Details
    • $300,000

      Prime Office Opportunity Near GA400

      Commercial office space in a highly desirable Cumming location.
      2450 Atlanta Highway, Cumming, GA 30040
      View Details
    • $425,000

      Commercial Building Near GA 400

      Commercial building on 1.08 acres near GA 400.
      1555 Dahlonega Highway, Cumming, GA 30040
      View Details
    • $450,000

      Cleared Land with Utilities Access

      5+ acres in Cumming, GA with utilities and sewer access.
      5590 John Burruss Road, Cumming, GA 30040
      View Details
    • $450,000

      Cleared Land with Utilities Access

      5+ acres in Cumming, GA with utilities and sewer access.
      5590 John Burruss Road, Cumming, GA 30040
      View Details
    • $800,000
      6,000 SF

      Industrial Warehouse with Crane

      6,000 SF warehouse with 3-ton crane in Cumming, GA.
      99 Samaritan Drive, Cumming, GA 30040
      View Details
    • $1,750,000

      Prime Commercial Land Opportunity

      5.7 acres of commercial land in a growing area.
      131 N CORNER PKWY, Cumming, GA 30040
      View Details
    • $525,000

      Versatile Land in Cumming, GA

      3.3-acre property with utilities, ideal for development or investment.
      3274 Aaron Sosebee Road, Cumming, GA 30028
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two parcels totaling 11.47 acres, ideal for commercial development.
    Where is this commercial land located?
    The property is located at 5692 Castleberry Rd Cumming, GA.
    What is the asking price?
    The asking price for this property is $3,842,450.
    What are key features of this property?
    This property features: Potential commercial zoning on assembled parcels.; Approximately 11.47 acres of land being sold together.; Significant road frontage (approx. 517 ft) on Castleberry Road.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Doug Sills
    Real Estate License ID: 364034
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!