M-1 Zoned Flex
For Sale
$385,000
943 Alabama Street, Carrollton, GA 30117
Commercial Sale, Carrollton, GA
Property Size2,264 SF
Lot Size1.55 Acres
Price / SF$170.05
Days on Market55
Property Features for 943 Alabama Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Lot features
Level
Directions
GPS friendly
Standard status
Active
APN
C02 0370064
Size
2,264 SF
Lot size
1.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2708
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1962
Building materials
Vinyl Siding
Roof type
Composition
Additional Structures
Workshop
Listing Agency:
Triple R Real Estate LLC
(678) 890-1274
Listed By:
Jennifer L Hammond · License #153544
(770) 845-3517
Added: Aug 3
Changed: Sep 13
Last Checked: Sep 26 at 7:06PM
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.
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 = 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
$30,317
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
7.87%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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
