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    1043 Jones Mill Rd Cartersville, GA 30120
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    Property profile & analytics

    1043 Jones Mill Rd Cartersville, GA 30120

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    • Commercial real estate
    • 25.15 lot acres
    Off-Market
    Property ID
    US22-1669054
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1043 Jones Mill Rd

    Lot size
    25.15 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 25.15-acre residential development tract in Cartersville, Georgia, presents a unique investment opportunity. Strategically located just south of US Hwy 41 (Joe Frank Harris Pkwy) and approximately 2.5 miles north of Downtown Cartersville, this property boasts convenient access to major amenities and transportation routes. Within close proximity, you'll find Georgia Highlands College (1.2 miles), Piedmont Hospital (0.75 miles), and the Savoy Museum (0.78 miles). The property's prime location is further enhanced by its proximity to the Hwys 41, 20, and 411 interchange (0.5 miles) and Interstate 75 (2.6 miles). The land is classified as Medium/High Residential on the Bartow County Future Land Use Map, although it is currently zoned A-1, requiring development zoning. All public utilities are readily available. The heavily wooded tract features rolling topography and approximately 1,400 feet of frontage along the banks of Pettit Creek, offering a picturesque setting for a residential development. The asking price for this remarkable property is $2,500,000. This presents a rare chance to acquire a significant parcel of land in a thriving area with excellent potential for residential development. Don't miss this opportunity to build your vision in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cartersville
    County
    Bartow
    State
    Georgia
    Longitude
    -84.810647838668
    Latitude
    34.197814799589

    Comparable in this City

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      Cartersville Multi-Family Investment Opportunity

      Tenant occupied multi-family property in Cartersville, GA until 2027.
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      Cartersville Multi-Family Investment Opportunity

      Tenant occupied multi-family property in Cartersville, GA until 2026.
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    • $629,900

      Cohutta Mobile Home Park Opportunity

      Well-maintained mobile home park with remodeled units and stable income.
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    Similar Nearby for Sale

    • $975,000
      Pending

      Cartersville Land with Ranch Home

      15+ acres with a 5-bedroom ranch home in Cartersville.
      264 Euharlee Rd SW, Cartersville, GA 30120
      View Details
    • New
      $210,000
      1.07 Acres

      Two Homes Plus Approved Lot

      Two homes on one parcel with approved duplex lot.
      46 Young St, Cartersville, GA 30120
      View Details
    • $1,600,000

      Stabilized Workforce Housing Community

      Well-maintained, cash-flowing apartment community in growing Cartersville, Georgia.
      110 Johnson St, Cartersville, GA 30120
      View Details
    • $259,000
      0.02 Acres

      Cartersville Multi-Family Investment Opportunity

      Tenant occupied multi-family property in Cartersville, GA until 2027.
      310 Penn Station Way, Cartersville, GA 30120
      View Details
    • Contact for pricing
      13,608 SF

      Stabilized Multifamily Community in Georgia

      Well-maintained, cash-flowing workforce housing in a growing Georgia corridor.
      110 Johnson St, Cartersville, GA 30120
      View Details
    • $330,000
      0.06 Acres

      Cartersville Multi-Family Investment Opportunity

      Tenant occupied multi-family property in Cartersville, GA until 2026.
      36 Felton Walk SE, Cartersville, GA 30120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,588 SF

      Office and Land For Rent

      Office space and land available for lease.
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      Prime Retail Land For Lease

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      1,200 SF

      Retail Suites Available for Lease

      Retail suites available for lease in a shopping center.
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      379,855 SF

      Industrial Space with Development Potential

      Large industrial space available for rent with development options.
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      Multi-Tenant Office/Warehouse Building Available

      Office and warehouse spaces for rent, convenient location.
      220 River Dr, Cartersville, GA 30120
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    • $15 SF/Yr
      1,221 SF

      Cartersville Shopping Center Space

      Retail space available in Cartersville shopping center.
      1211 Joe Frank Harris Pkwy SE, Cartersville, GA 30120
      View Details
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    1043 Jones Mill Rd
    Cartersville, GA 30120
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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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    1043 Jones Mill Rd, Cartersville, GA, 30120
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