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    1040 Bankhead Hwy Carrollton, GA 30117-1802

    • Banks
    • 2,758 SF
    • 0.70 lot acres
    OFF-MARKET
    Last Sale
    Sep 22, 2023
    $675,000
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1741536
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 1040 Bankhead Hwy

    Year built
    1979
    Construction
    STEEL FRAME
    Lot size
    0.70 lot acres
    Property size
    2,758 SF
    Zone code
    C2
    Property type
    Banks
    APN
    C04-022-0014
    APU
    C040220014

    Description

    This exceptional 2,758-square-foot retail property, located at 1040 Bankhead Highway in Carrollton, Georgia, presents a significant opportunity for businesses seeking a prominent location. The single-tenant building sits on a 0.69-acre lot and offers ample parking with 20 spaces. The property is zoned General Commercial C3, providing flexibility for a variety of retail uses. The entire space is currently vacant, allowing for complete customization to suit a tenant's specific needs. Its strategic location on Bankhead Highway ensures high visibility and accessibility for customers. The property's size and parking capacity make it ideal for a range of retail businesses, from smaller boutiques to larger operations. The address is 1040 Bankhead Hwy, Carrollton, GA 30117, within Carroll County. This is a rare opportunity to secure a well-situated retail space in a thriving community. The property is ready for immediate occupancy, offering a blank canvas for a new business venture. Interested parties should act quickly to secure this prime retail location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $885,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $660,000
      6.5%
      $715,000
      7%
      $715,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $615,000
      Geo Method
      $595,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $580,000
      Retail
      $570,000
      Mixed-Use
      $665,000
      Hospitality
      $700,000
      Educational
      $690,000
      Residential Income
      $755,000
      Energy
      $660,000
      Income-Based Land
      $750,000
      Food Service
      $645,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Carroll
    State
    Georgia
    Longitude
    -85.0441
    Latitude
    33.5933
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,066
    $280,000
    $200,429
    $480,429
    -
    $700,000
    $501,072
    $1,201,072

    Comparable in this City

    • Value Estimation
      $835,000
      20,628 SF

      110 Park St

      FINANCIAL BUILDING • 20,628 SF
      110 Park St, Carrollton, GA 30117
      View Details
    • Value Estimation
      $820,000
      18,756 SF

      119 Maple St

      FINANCIAL BUILDING • 18,756 SF
      119 Maple St, Carrollton, GA 30117-3230
      View Details
    • Value Estimation
      $495,000
      2,592 SF

      1119 Park St

      FINANCIAL BUILDING • 2,592 SF
      1119 Park St, Carrollton, GA 30117-4429
      View Details
    • Value Estimation
      $5,950,000
      13,132 SF

      820 Dixie St

      FINANCIAL BUILDING • 13,132 SF
      820 Dixie St, Carrollton, GA 30117-4416
      View Details
    • Value Estimation
      $405,000
      3,077 SF

      1200 Park St

      FINANCIAL BUILDING • 3,077 SF
      1200 Park St, Carrollton, GA 30117-4432
      View Details
    • Value Estimation
      $355,000
      7,000 SF

      777 Park St

      FINANCIAL BUILDING • 7,000 SF
      777 Park St, Carrollton, GA 30117-3825
      View Details

    Similar Nearby for Sale

    • $1,900,000

      Carrollton Commercial Property for Sale

      Commercial property in Carrollton, Georgia, with drive-thru to remain.
      609 Bankhead Hwy, Carrollton, GA 30117
      View Details
    • New
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      12,000 SF commercial facility suitable for office, retail, or industrial.
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    • $1,495,000
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      Retail Property on Highway 27

      Commercial property with two retail buildings and tenants.
      893 S Park St, Carrollton, GA 30117
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    • New
      $549,000
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      Historic Carrollton Commercial Gem

      Restored historic building in Carrollton's desirable downtown district.
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    Similar Nearby for Lease

    • $720 /Mo
      7,080 SF

      Carrollton Office/Retail Space Available

      Office/retail space in a high-traffic Carrollton location, ready soon.
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      View Details
    • $1,331 /Mo
      7,080 SF

      Salon Space in South Park

      Salon space ready to go in a high-traffic location.
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      View Details
    • $18 SF/Yr
      36,000 SF

      Prime Carrollton Retail Space

      High-traffic retail space, flexible layouts.
      415 Rome St, Carrollton, GA 30117
      View Details
    • $720 /Mo
      7,080 SF

      Salon Space in South Park

      Starter salon space ready to go in Carrollton, GA.
      907 S Park St, Carrollton, GA 30117
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    • Contact for pricing
      22,750 SF

      2235 Maple St

      Neighborhood centers • 22,750 SF
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      View Details
    • Contact for pricing

      Carrollton Retail Opportunity Near Atlanta

      Restaurant or retail space with drive-thru potential near CVS.
      546 Bankhead Hwy, Carrollton, GA 30117
      View Details
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    Carrollton, GA 30117-1802
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    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.

    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
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