Multi-Building Flex
For Sale
$385,000
943 Alabama St, Carrollton, GA 30117
M-1-zoned property with multiple structures supporting business operations, storage, equipment, parking, or future expansion.
Property Size2,264 SF
Price / SF$170.05
Days on Market18
Property Features for 943 Alabama St
General Information
Standard status
Active
Size
2,264 SF
Zoning
M-1
Additional Details
Outdoor Storage
Yes
Land Use
light industrial
Taxes and HOA fees
Annual Taxes
$2,708
Building Details
Buildings
3
Listing Agency:
Triple R Real Estate LLC
(770) 845-3517
Listed By:
Jennifer L Hammond · License #153544
(770) 845-3517
Source:
Exprealty
Added: Aug 3
Changed: Aug 18
Last Checked: Aug 19 at 2:59PM
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 Triple R Real Estate LLC
Investment Insights
Based on property information with market context.
This M-1-zoned flex property includes a 2,264-square-foot main building configured as two separate business spaces measuring 1,618 square feet and 646 square feet. Two additional buildings and two sheds provide further enclosed and accessory space for operational, storage, or equipment needs.
The property is located at 943 Alabama St in Carrollton, along the Alabama Street corridor and minutes from Downtown Carrollton. The larger site provides room for parking, outdoor storage, equipment, expansion, or future development. Potential rezoning should be evaluated with city planning and zoning. Access to major area routes is also noted.
The property is located at 943 Alabama St in Carrollton, along the Alabama Street corridor and minutes from Downtown Carrollton. The larger site provides room for parking, outdoor storage, equipment, expansion, or future development. Potential rezoning should be evaluated with city planning and zoning. Access to major area routes is also noted.
Key Highlights
- 2,264‑square‑foot main building divided into 1,618 SF and 646 SF business spaces
- M‑1 zoning supports the property’s current industrial‑oriented classification
- Two additional buildings and 2 sheds provide supplemental space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,792
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$275,840
$275.8K
Cap Rate 7%
$197,029
$197.0K
Cap Rate 9%
$153,244
$153.2K
Market Conditions
NOI Build-Up for 2,264 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.5K $9.48/SF
− Vacancy
−$1.8K −$0.78/SF
EGI
$19.7K $8.70/SF
− OpEx
−$5.9K −$2.61/SF
NOI
$13.8K $6.09/SF
Area
Carroll County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$275,840
Cap Rate 7%
$197,029
Cap Rate 9%
$153,244
Alternative Uses
Best Use
Industrial
$197.0K
$172.4K – $229.9K
NOI $13,792 @ 7.0% cap · market cap 3.58%
Second Best
Flex RnD
$188.5K
$165.0K – $220.0K
NOI $13,197 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$632.9K
$553.8K – $738.4K
NOI $44,301 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30117, GA
37,644
Population
15,313
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
85%
High-School Grad
108.1 sq mi
ZIP Area
348
Density / Sq Mi
$58,463
Median Household Income
$31,273
Median Earnings
$1,066
Median Rent
$239,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- New York Street Eats — 1101 Alabama St, Carrollton, GA 30117
Frequently Asked Questions
What type of property is this?
Flex space - M-1-zoned property with multiple structures supporting business operations, storage, equipment, parking, or future expansion.
Where is this flex space located?
The property is located at 943 Alabama St Carrollton, GA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,264‑square‑foot main building divided into 1,618 SF and 646 SF business spaces; M‑1 zoning supports the property’s current industrial‑oriented classification; Two additional buildings and 2 sheds provide supplemental space
