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    2939 Hickory Flat Hwy Canton, GA 30115
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    2939 Hickory Flat Hwy Canton, GA 30115

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    • Specialty properties
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 2939 Hickory Flat Hwy

    Year built
    1988
    Lot size
    1.00 lot acres
    Property type
    Specialty properties

    Description

    This exceptional investment opportunity presents a 1+ acre property situated at the highly visible corner of Hickory Flat Highway and Scott Road, complete with a traffic light. The property boasts 376 feet of road frontage and includes two parcels (14N24 134 & 14N24 134A), each with its own driveway, providing convenient access from both Scott Road and Highway 140. Currently zoned R-40 by Cherokee County, the future land use matrix designates the property as primarily (OI) or (NC). The property features a single-wide mobile home with two bedrooms and two bathrooms, currently generating a monthly income of $1,000 from a month-to-month tenant. An additional outbuilding is also included. Built in 1988, this property offers significant potential for various uses given its prime location and high traffic count. The asking price is $350,000. Please note: Do not disturb the tenant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Cherokee - GA
    State
    Georgia
    Longitude
    -84.4548
    Latitude
    34.2087

    Comparable in this City

    • Value Estimation by Request
      2.53 Acres

      216 Scott Rd

      Specialty properties • 2.53 Acres
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    • Value Estimation
      $535,000
      4,305 SF

      Hampton Sta Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,305 SF
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    • Value Estimation
      $1,695,000
      4,329 SF

      Hickory St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,329 SF
      Hickory St, Canton, GA 30115
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    • Value Estimation by Request
      630 SF

      102 Shepherds Xing

      PROFESSIONAL CLUBS/ASSOCIATIONS • 630 SF
      102 Shepherds Xing, Canton, GA 30115
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    • Value Estimation by Request
      606 SF

      100 Oak Hvn Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 606 SF
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    • Value Estimation by Request
      7.80 Acres

      8664 Cumming Hwy

      Churches & religious facilities • 7.80 Acres
      8664 Cumming Hwy, Canton, GA 30115
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    Similar Nearby for Sale

    • Contact for pricing

      Specialty Property for Sale

      Specialty property available for purchase.
      1515 Hickory Rd, Canton, GA 30115
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    • $2,000,000
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      Canton, GA Land For Sale

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    • $950,000
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      Canton Commercial Property on 3.5 Acres

      Unique property with multiple buildings, ideal for nonprofit or retreat.
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      Canton Commercial Building For Sale

      9800 sq ft building with expansion potential near Hwy.
      1883 Hickory Flat Hwy, Canton, GA 30115
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      Prime Land in Holly Springs

      Land parcel in thriving Holly Springs Town Center District.
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    • $679,900
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      Idylwilde Home with Designer Touches

      Gated community home with main-level living and designer upgrades.
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    Similar Nearby for Lease

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      Canton Marketplace Retail Space

      Super-regional power center with nationally recognized tenants in Canton, GA.
      1810 Cumming Hwy, Canton, GA 30115
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      6 SF

      Retail Space Near Walmart

      Retail space with high visibility near major traffic generators.
      101 Harbor Creek Pkwy, Holly Springs, GA 30115
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    • Contact for pricing

      Commercial Land in Canton, GA

      Land available for lease in a growing Canton community.
      E Cherokee St & Cumming Hwy, Canton, GA 30115
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    • Contact for pricing

      Retail Space at High-Traffic Intersection

      Retail property at a busy intersection with ample parking.
      6175 Hickory Flat Hwy, Canton, GA 30115
      View Details
    • Contact for pricing

      Updated Building on Highway 20

      Updated 4,300 SF building suitable for medical, office, or retail.
      5615 Cumming Hwy, Canton, GA 30115
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    • New
      $3,500 /Mo
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      Canton Commercial Building For Lease

      Commercial building for lease with offices, open space, and basement.
      5965 Cumming Hwy, Canton, GA 30115
      View Details
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    Canton, GA 30115
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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.

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