M-1 Zoned Flex
943 Alabama Street, Carrollton, GA 30117
For Sale
$385,000
Commercial Sale, Carrollton, GA
Property Size2,264 SF
Lot Size1.55 Acres
Price / SF$170.05
Days on Market101
Property Features for 943 Alabama Street
General Information
Property type
Property subtype
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
Triple R Real Estate LLC
(678) 890-1274
Listed By:
Jennifer L Hammond · License GA #153544
(770) 845-3517
Added: Aug 3
Changed: Oct 26
Last Checked: Nov 11 at 1:06PM
MLS# 10823518
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Carrollton property combines a 2,264-square-foot main building with a 1.55-acre site. The primary structure is arranged as two business areas measuring 1,618 square feet and 646 square feet, complemented by two additional buildings and two sheds. The improvements date to 1962 and feature vinyl siding, a composition roof, central electric heating, and central air conditioning.
Located at 943 Alabama Street, the property carries M-1 zoning and includes a parking lot, public water, and public sewer. Cable service is available. The site provides room for parking, equipment, outdoor storage, expansion, or other operational needs described for the property, with access to major area routes and proximity to Downtown Carrollton.
Located at 943 Alabama Street, the property carries M-1 zoning and includes a parking lot, public water, and public sewer. Cable service is available. The site provides room for parking, equipment, outdoor storage, expansion, or other operational needs described for the property, with access to major area routes and proximity to Downtown Carrollton.
Key Highlights
- 2,264‑square‑foot main building on 1.55 acres
- Two business areas measuring 1,618 SF and 646 SF
- Two additional buildings plus two sheds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,317
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,340
$606.3K
Cap Rate 7%
$433,100
$433.1K
Cap Rate 9%
$336,856
$336.9K
Market Conditions
NOI Build-Up for 2,264 SF
Gross rent
$54.0K $23.87/SF
− Vacancy
−$13.6K −$6.02/SF
EGI
$40.4K $17.85/SF
− OpEx
−$10.1K −$4.46/SF
NOI
$30.3K $13.39/SF
Area
Carroll County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,340
Cap Rate 7%
$433,100
Cap Rate 9%
$336,856
Alternative Uses
Best Use
Office B
$433.1K
$379.0K – $505.3K
NOI $30,317 @ 7.0% cap · market cap 7.87%
Second Best
Industrial
$197.0K
$172.4K – $229.9K
NOI $13,792 @ 7.0% cap · market cap 3.58%
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Balanced
Demand for This Use
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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
$239,600
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Carrollton, GA
Properties on Market for Flex space in Carrollton
Vacancy Rate% for Office in South region
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 - Flex property with multiple structures, public utilities, and parking on a sizable commercial site.
Where is this flex space located?
The property is located at 943 Alabama Street 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 on 1.55 acres; Two business areas measuring 1,618 SF and 646 SF; Two additional buildings plus two sheds
