Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Highway 92 Acworth, GA 30102

    • Commercial real estate
    • 1.87 lot acres
    For Sale
    View listing
    $745,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Appliance Direct Outlet / Home Appliance Store / Hardware & Home Improvement
    • Tacos El Sabor / Restaurant
    • Gotcha Covered Floor Covering / Carpet & Flooring Store / Hardware & Home Improvement
    • ATM / Atm
    • Jose material / Big Box & Wholesale Store / Construction Company

    Property Details for Highway 92

    Year built
    1965
    Lot size
    1.87 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.87-acre parcel, located at 0 Hwy 92 #182 in Acworth, Georgia (Cherokee County, Parcel ID 21N12 182), presents a compelling development opportunity. Boasting nearly 200 feet of road frontage on Highway 92, this site enjoys exceptional visibility and accessibility, with estimated daily traffic exceeding 39,600 vehicles in 2023. Utilities are conveniently located directly in front of the property. The level topography and two existing driveways simplify development plans. Currently zoned SFR (Single-Family Residential), this land is ideally positioned to capitalize on the ongoing commercial transition along Highway 92. The property's strategic location midway between I-75 and I-575 (less than 5 miles to either interstate) ensures excellent connectivity. Nearby developments include a new 330-unit luxury apartment complex and a 600-home single-family residential community, underscoring the area's robust growth. Furthermore, major retailers such as Kroger, Target, Kohl's, Lowe's, Home Depot, Chick-fil-A, and Sam's Club are all within a 5-mile radius, providing a strong retail base and supporting a thriving commercial environment. Adjacent to Midgard Self Storage, this site offers significant potential for commercial or retail development. The possibilities are vast

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Acworth
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.654
    Latitude
    34.0807

    Comparable in this City

    • Value Estimation by Request
      2.77 Acres

      5399 Highway 92

      Land • 2.77 Acres
      5399 Highway 92, Acworth, GA 30102
      View Details
    • Value Estimation by Request
      0.22 Acres

      5583 Highway 92

      Distribution properties • 0.22 Acres
      5583 Highway 92, Acworth, GA 30102
      View Details
    • Value Estimation by Request
      0.30 Acres

      5545 Highway 92

      Automotive properties • 0.30 Acres
      5545 Highway 92, Acworth, GA 30102
      View Details
    • Value Estimation by Request
      860 SF

      2112 Hwy 92

      COMMERCIAL (GENERAL) • 860 SF
      2112 Hwy 92, Acworth, GA 30102-1526
      View Details
    • Value Estimation
      $815,000
      11,125 SF

      6065 Hwy 92

      COMMERCIAL (GENERAL) • 11,125 SF
      6065 Hwy 92, Acworth, GA 30102-2300
      View Details
    • Value Estimation
      $1,140,000
      6,740 SF

      6649 Allatoona Gtwy

      COMMERCIAL (GENERAL) • 6,740 SF
      6649 Allatoona Gtwy, Acworth, GA 30102-2859
      View Details

    Similar Nearby for Sale

    • $745,000
      81,457 SF

      Acworth Hwy 92 Development Land

      High-traffic commercial lot, near I-75 & I-575
      Highway 92, Acworth, GA 30102
      View Details
    • $725,000
      2,542 SF

      Acworth Commercial Land Opportunity

      2.3 Acres, Highway 92 Frontage, High Growth Area
      2279 Highway 92, Acworth, GA 30102
      View Details
    • Contact for pricing
      2.35 Acres

      Acworth Commercial Land Lease Opportunity

      2.35 Acres, Hwy 92 Frontage, Lease Only
      Alabama Rd, Acworth, GA 30102
      View Details
    • $745,000
      1.87 Acres

      Acworth Hwy 92 Development Land

      Prime Acworth commercial lot, high traffic.
      Highway 92, Acworth, GA 30102
      View Details
    • $82,000
      0.79 Acres

      Land Near Allatoona Lake

      Land with storage building near Allatoona Lake and I-75.
      7303 Lucky Ln SE, Acworth, GA 30102
      View Details
    • $1,800,000
      2.65 Acres

      Acworth Land with Commercial Potential

      Land in high-growth area with potential for commercial conversion.
      1463 Kellogg Creek Rd, Acworth, GA 30102
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      103,835 SF

      6199 Highway 92

      Retail properties & Spaces • 103,835 SF
      6199 Highway 92, Acworth, GA 30102
      View Details
    • Contact for pricing

      Acworth Industrial Park For Lease

      Two-building industrial park with 50,000 - 200,386 SF available.
      5889 Old Alabama Rd, Acworth, GA 30102
      View Details
    • $50 SF/Yr
      6,269 SF

      Acworth QSR w/ Drive-Thru

      Prime Acworth location, 2,500 SF QSR space.
      1129 Highway 92, Acworth, GA 30102
      View Details
    • $15 SF/Yr

      Undeveloped Land on Highway 92

      Undeveloped commercial land for lease on Highway 92 in Acworth.
      2532 Georgia 92, Acworth, GA 30102
      View Details
    • Contact for pricing

      Hwy 92 Alabama Rd Commercial Land

      2.35-acre commercial lot, lease only.
      0 Alabama Rd, Acworth, GA 30102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Highway 92
    Acworth, GA 30102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!