Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2131 27 Hwy Carrollton, GA 30117

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2131 27 Hwy Carrollton, GA 30117

    View on Map
    • Land
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2131 27 Hwy

    Year built
    1900
    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional 1-acre commercial lot, located at 2131 N 27 Highway in Carrollton, Georgia, presents a remarkable investment opportunity. Priced at $199,900, this vacant land boasts significant road frontage on Highway 27 and Old Bremen Road, ensuring high visibility and accessibility. Built in 1900, the property is currently undeveloped, offering a blank canvas for a variety of commercial ventures. Its ideal location in Carroll County, Georgia, zip code 30117 (latitude 33.5674989, longitude -85.1479364), makes it suitable for businesses seeking high traffic exposure. The property's zoning and regulations are subject to verification with Carroll County authorities. Potential uses could include a gas station or office building, given its prominent highway location and ample space. This is a rare chance to acquire a strategically positioned commercial lot with significant development potential in a thriving Georgia community. The property is readily available for immediate viewing. Serious inquiries are encouraged to explore this exciting opportunity.

    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 - GA
    State
    Georgia
    Longitude
    -85.1479
    Latitude
    33.5675

    Comparable in this City

    • Value Estimation by Request
      8.34 Acres

      Est At Hays Ml

      Land • 8.34 Acres
      0 Est At Hays Ml, Carrollton, GA 30117
      View Details
    • Value Estimation by Request
      0.11 Acres

      107 Robinson Ave

      Land • 763 SF
      107 Robinson Ave, Carrollton, GA 30117
      View Details
    • Value Estimation by Request
      4.99 Acres

      Columbia Dr

      Land • 4.99 Acres
      0 Columbia Dr, Carrollton, GA 30117
      View Details
    • Value Estimation by Request
      5.72 Acres

      73 Reid Rd

      Land • 5.72 Acres
      73 Reid Rd, Carrollton, GA 30117
      View Details
    • Value Estimation by Request
      11.69 Acres

      269 Old Bremen Rd

      Land • 11.69 Acres
      269 Old Bremen Rd, Carrollton, GA 30117
      View Details
    • Value Estimation by Request
      44.36 Acres

      525 Old Bremen Rd

      Land • 44.36 Acres
      525 Old Bremen Rd, Carrollton, GA 30117
      View Details

    Similar Nearby for Sale

    • $239,900
      27.00 Acres

      27 Acre Wooded Land

      27 acre wooded land with lake site near amenities.
      Hog Liver Rd, Carrollton, GA 30117
      View Details
    • $239,900
      Pending

      27 Acre Wooded Land

      27 acre wooded land with lake site near Carrollton.
      Hog Liver Rd, Carrollton, GA 30117
      View Details
    • $60,000
      3.80 Acres

      Landlocked Land with Creek

      3.8 acres of land with creek, access easement needed.
      Bethlehem Church Rd, Carrollton, GA 30117
      View Details
    • $319,000
      27.00 Acres

      27 Acres on Hog Liver

      27 acres of land in Carrollton, Georgia.
      Hog Liver Rd, Carrollton, GA 30117
      View Details
    • $34,900
      0.50 Acres

      Half-Acre Lot in Carrollton, GA

      0.5 acre lot in Carrollton, GA, priced to sell.
      Hog Liver Rd, Carrollton, GA 30117
      View Details
    • $355,980
      32.62 Acres

      Large Acreage Near River Frontage

      32.62 acres of land near Carrollton, Georgia.
      142 Riversong Rd, Carrollton, GA 30117
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo

      Carrollton Land Lease Opportunity

      0.88 acre lot for lease in Carrollton, GA.
      W Georgia Industrial Ave, Carrollton, GA 30117
      View Details
    • $1,000 /Mo
      Pending

      Carrollton Commercial Land Lease Opportunity

      0.88 acre M-1 zoned lot for lease in Carrollton.
      W Georgia Industrial Ave, Carrollton, GA 30117
      View Details
    • Contact for pricing

      Carrollton Office/Retail Space Available

      Prime office and mixed-retail spaces in Carrollton, ready for occupancy.
      907 S Park St, Carrollton, GA 30117
      View Details
    • $8,285 /Mo
      6,214 SF

      Move-in Ready Carrollton Office Space

      Office space in Carrollton near Tanner Medical Center and Southwire.
      820 Dixie St, Carrollton, GA 30117
      View Details
    • $1,728 /Mo
      2,592 SF

      Renovated Commercial Space in Carrollton

      Newly renovated 2,592 sq ft commercial space for lease.
      928 S Park St, Carrollton, GA 30117
      View Details
    • $2,650 /Mo
      1,741 SF

      Professional Office Space in Carrollton

      Move-in ready office space near downtown Carrollton.
      108 Cedar St, Carrollton, GA 30117
      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.
    2131 27 Hwy
    Carrollton, GA 30117
    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!