M-1 Zoned Flex
For Sale
$385,000
943 Alabama Street, Carrollton, GA 30117
COMMERCIAL - Carrollton, GA
Property Size2,264 SF
Lot Size1.55 Acres
Price / SF$170.05
Days on Market10
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: Aug 12
Last Checked: Aug 12 at 5:06PM
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 2,264-square-foot flex property includes a primary building configured with two business areas measuring 1,618 square feet and 646 square feet. Two additional buildings and two sheds expand the site's functional capacity for storage, operations, or related commercial use. The improvements were constructed in 1962 and feature vinyl siding, composition roofing, central electric heating, and central air conditioning.
Set on 1.55 acres at 943 Alabama Street in Carrollton, the property provides a parking lot and site area suitable for equipment, outdoor storage, parking, expansion, or future development. M-1 zoning supports its industrial-oriented classification, while public water and public sewer serve the property. Cable is also available.
Set on 1.55 acres at 943 Alabama Street in Carrollton, the property provides a parking lot and site area suitable for equipment, outdoor storage, parking, expansion, or future development. M-1 zoning supports its industrial-oriented classification, while public water and public sewer serve the property. Cable is also available.
Key Highlights
- M‑1 zoning on a 1.55‑acre site
- 2,264 square feet in the primary improvements
- Main building divided into 1,618‑square‑foot and 646‑square‑foot business areas
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
338
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property with multiple buildings, parking, public utilities, and room for operational flexibility.
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: M‑1 zoning on a 1.55‑acre site; 2,264 square feet in the primary improvements; Main building divided into 1,618‑square‑foot and 646‑square‑foot business areas
