Sign Up Successful!
You now have access to more from Realmo!
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

    10587 Cherokee Dr Canton, GA 30115-6271

    • Commercial land
    • 1,152 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2831206
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for 10587 Cherokee Dr

    Year built
    1971
    Lot size
    1.00 lot acres
    Property size
    1,152 SF
    Zone code
    NC
    Property type
    Commercial land
    APN
    03N10 108
    APU
    03N10108

    Description

    This exceptional 0.72-acre commercial lot in Canton, Georgia, presents a unique investment opportunity. Located at 10587 E Cherokee Drive, this property boasts a highly desirable location near the intersection of Highway 20 and East Cherokee Drive, ensuring high visibility and accessibility. Its proximity to established businesses like RaceTrac and Kroger further enhances its appeal. Zoned for general business, this versatile lot is ready for immediate development. The property is ideally suited for a variety of commercial ventures, including office space, restaurants, or bars. Preliminary plans for a small office complex have already been drafted, providing a solid foundation for potential development. Built in 2025, this land offers a blank canvas for entrepreneurs and investors seeking a prime location in a thriving area. The lot size of just under one acre provides ample space for construction while maintaining manageable development costs. High traffic counts and the presence of major retailers nearby guarantee a steady stream of potential customers. Don't miss this chance to secure a piece of Canton's vibrant commercial landscape.

    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
    Canton
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.36
    Latitude
    34.2512
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,511
    $57,480
    $0.00
    $57,480
    -
    $143,700
    $0.00
    $143,700

    Comparable in this City

    • Value Estimation by Request
      0.48 Acres

      7768 Cumming Hwy

      VACANT COMMERCIAL LAND • 0.48 Acres
      7768 Cumming Hwy, Canton, GA 30115-2914
      View Details
    • Value Estimation by Request
      0.89 Acres

      Cumming Hwy

      VACANT COMMERCIAL LAND • 0.89 Acres
      Cumming Hwy, Canton, GA 30115
      View Details
    • Value Estimation by Request
      3.00 Acres

      Cumming Hwy

      VACANT COMMERCIAL LAND • 3.00 Acres
      Cumming Hwy, Canton, GA 30115
      View Details
    • Value Estimation by Request
      3.77 Acres

      Cumming Hwy

      VACANT COMMERCIAL LAND • 3.77 Acres
      Cumming Hwy, Canton, GA 30115
      View Details
    • Value Estimation by Request
      2.00 Acres

      Hembredge Dr

      VACANT COMMERCIAL LAND • 2.00 Acres
      Hembredge Dr, Canton, GA 30115
      View Details
    • Value Estimation by Request
      0.01 Acres

      Hickory Rd

      VACANT COMMERCIAL LAND • 0.01 Acres
      Hickory Rd, Canton, GA 30115
      View Details

    Similar Nearby for Sale

    • $6,383,000
      14.00 Acres

      14 Acre Commercial Land Assemblage

      Assemblage of relatively level land with direct highway access.
      189 Old Cumming Dr, Canton, GA 30115
      View Details
    • $2,000,000
      3.50 Acres

      Canton Land with Highway Frontage

      3.5 acres of GC-zoned land with highway frontage.
      Harmony Dr, Canton, GA 30115
      View Details
    • $841,500
      1.56 Acres

      Prime Land in Holly Springs

      Scarce land parcel in thriving Holly Springs Town Center District.
      3072 Holly Spring Pkwy, Canton, GA 30115
      View Details
    • $841,500
      1.56 Acres

      Prime Land in Holly Springs

      Scarce land parcel in thriving Holly Springs Town Center District.
      3072 Holly Spring Pkwy, Canton, GA 30115
      View Details
    • New
      $99,998
      2.57 Acres

      Canton, GA Land Opportunity

      9.15 acres in a rapidly growing Canton, Georgia area.
      170 Wheeler Martin Dr, Canton, GA 30115
      View Details
    • $1,350,000
      14.83 Acres

      Prime Canton Land Opportunity

      14.83 acres in Canton, GA, suitable for development.
      6000 Union Hill Rd, Canton, GA 30115
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      1 SF

      Holly Springs Commercial Land Opportunity

      1.4-acre commercial land for lease near Holly Springs Town Center.
      2547 Holly Springs Pkwy, Holly Springs, GA 30115
      View Details
    • 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
      View Details
    • Contact for pricing

      Retail Space in Canton, Georgia

      Class-A shopping center space for lease in Canton, GA.
      2249 Cumming Hwy, Canton, GA 30115
      View Details
    • $15 SF/Yr
      4,300 SF

      Canton Hwy 20 Office Space

      4,300 SF Office Building - High Visibility
      5615 Cumming Hwy, Canton, GA 30115
      View Details
    • Contact for pricing
      40,000 SF

      Hickory Flat Marketplace Retail Spaces

      Prime Retail Space, Canton, GA. Multiple sizes available.
      6475 Hickory Flat Hwy, Canton, GA 30115
      View Details
    • $35 SF/Yr
      28,668 SF

      Modern Retail and Restaurant Spaces

      New retail and restaurant spaces in Holly Springs Town Center.
      1 Hickory Spg Pkwy, Holly Springs, GA 30115
      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.
    10587 Cherokee Dr
    Canton, GA 30115-6271
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.