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

    106 Somerset Pl Carrollton, GA 30116-8503

    • Individual retail properties
    • 16,842 SF
    • 2.28 lot acres
    OFF-MARKET
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1313995
    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

    • Sportsplex Health and Athletic Club / Gym & Fitness Center
    • D-BAT Carrollton / Arcade & Gaming Center / Sports Field & Court

    Property Details for 106 Somerset Pl

    Year built
    1983
    Construction
    STEEL FRAME
    Lot size
    2.28 lot acres
    Property size
    16,842 SF
    Zone code
    C2
    Property type
    Individual retail properties
    APN
    C04-022-0015
    APU
    C040220015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $740,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,170,000
      NEIGHBORHOOD: SHOPPING CENTER
      $900,000
      RETAIL STORES
      $880,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Carroll
    State
    Georgia
    Longitude
    -85.039
    Latitude
    33.597
    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
    $22,542
    $12,307
    $587,693
    $600,000
    -
    $30,768
    $1,469,232
    $1,500,000

    Comparable in this City

    • Value Estimation
      $610,000
      32,300 SF

      1201 Newnan Rd

      GYM, HEALTH SPA • 32,300 SF
      1201 Newnan Rd, Carrollton, GA 30116-1221
      View Details
    • Value Estimation
      $590,000
      3,040 SF

      795 Old Airport Rd

      CONVENIENCE STORE • 3,040 SF
      795 Old Airport Rd, Carrollton, GA 30116-8658
      View Details
    • Value Estimation
      $845,000
      7,013 SF

      1789 Sandhill Hickory Lvl Rd

      CONVENIENCE STORE • 7,013 SF
      1789 Sandhill Hickory Lvl Rd, Carrollton, GA 30116-5728
      View Details
    • Value Estimation by Request
      1,800 SF

      1266 Bankhead Hwy

      CONVENIENCE STORE • 1,800 SF
      1266 Bankhead Hwy, Carrollton, GA 30116-8558
      View Details
    • Value Estimation by Request
      4,632 SF

      2460 Hwy 16

      CONVENIENCE STORE • 4,632 SF
      2460 Hwy 16, Carrollton, GA 30116-6440
      View Details
    • Value Estimation
      $785,000
      4,440 SF

      1676 Bankhead Hwy

      CONVENIENCE STORE • 4,440 SF
      1676 Bankhead Hwy, Carrollton, GA 30116-7420
      View Details

    Similar Nearby for Sale

    • $550,000
      8,000 SF

      Carrollton Retail Center Investment

      Prime 8,000 SF Retail Opportunity
      2740 Us-27, Carrollton, GA 30116
      View Details
    • $1,197,000
      12 SF

      Prime Undeveloped Land Opportunity

      12.17+/- acres of prime land in Carrollton, Georgia.
      00 Old Newnan Rd, Carrollton, GA 30116
      View Details
    • Contact for pricing

      Retail Center Pads Ready to Build

      Developed retail pads in high-traffic area with utilities on site.
      81 Kilgore Rd, Carrollton, GA 30116
      View Details
    • $4,000,000
      50.00 Acres

      Carrollton Land with Road Frontage

      50+/- acres of unimproved land near downtown Carrollton.
      Old Airport Rd, Carrollton, GA 30116
      View Details
    • $1,050,000
      50.63 Acres

      50+ Acres of West Georgia Beauty

      50+ acre property with lake, pastures, and wooded privacy.
      1915 Whooping Creek Church Rd, Carrollton, GA 30116
      View Details
    • $240,000
      12.00 Acres

      Wooded Land in Carrollton, GA

      12-acre wooded tract with building sites and deeded access.
      Cross Plains Hulett Rd, Carrollton, GA 30116
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      216 SF

      Mixed-Use Facility with Leased Warehouses

      Mixed-use facility featuring leased warehouses and an office building.
      173-175 Kilgore Rd, Carrollton, GA 30116
      View Details
    • $12 SF/Yr
      49,000 SF

      Lake Carroll Business Park Offices

      Georgia Office & Industrial Space Available
      173 Kilgore Rd, Carrollton, GA 30116
      View Details
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    106 Somerset Pl
    Carrollton, GA 30116-8503
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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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