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    1004 Bankhead Hwy Carrollton, GA 30117
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    1004 Bankhead Hwy, Carrollton, GA 30117

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    • Retail properties & Spaces
    • 158,795 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carroll Finance Company / Loan Service
    • Roses Express / Discount Store
    • Blessing African Hair Braiding / Hair Salon
    • UFO Smoke and Vape / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • Big Lots / Discount Store

    Property Details for 1004 Bankhead Hwy

    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    First Tuesday Center, located at 1004 Bankhead Hwy in Carrollton, Georgia (zip code 30117), presents a significant retail opportunity. This multi-tenant property boasts a total of 158,795 square feet, offering exceptional flexibility for businesses of various sizes. Currently, there are 17 available spaces ranging from a minimum of 600 square feet to a maximum contiguous space of 23,040 square feet. A substantial 69,669 square feet is currently vacant, providing ample room for expansion or new tenants. The property is classified as a convenience store and is situated in Carroll County. Its prime location offers excellent visibility and accessibility, making it an ideal choice for retailers seeking a strong presence in the Carrollton market. The property's size and layout provide opportunities for a diverse range of businesses, from smaller boutiques to larger retail operations. Interested parties are encouraged to inquire about available space and lease terms. This is a rare opportunity to secure retail space in a well-established center within a thriving community. The property's convenient location and ample square footage make it a highly desirable investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Carroll
    State
    Georgia
    Longitude
    -85.046
    Latitude
    33.5944

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      725 Alabama St

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      16,697 SF

      1495 Hwy 27

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      1495 Hwy 27, Carrollton, GA 30117-6905
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      2,160 SF

      4335 Hwy 27

      CONVENIENCE STORE
      4335 Hwy 27, Carrollton, GA 30117-7926
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    • Value Estimation by Request
      2,700 SF

      10 Linda Ln

      CONVENIENCE STORE
      10 Linda Ln, Carrollton, GA 30117-8604
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    • Value Estimation
      $575,000
      7,700 SF

      3883 Lovvorn Rd

      CONVENIENCE STORE
      3883 Lovvorn Rd, Carrollton, GA 30117-6661
      View Details
    • Value Estimation by Request
      6,000 SF

      351 Old Newnan Rd

      CONVENIENCE STORE
      351 Old Newnan Rd, Carrollton, GA 30117-2591
      View Details

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      89,880 SF

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      Carrollton Retail Opportunity Near Atlanta

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      View Details
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    Carrollton, GA 30117
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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.

    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
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