Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Commercial land
109 Forrest Ave Cartersville, GA 30120-3613
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1309337
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1900
Total area
2,641 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C1
APN
C001-0028-009
UPID
US22-1309337
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Joe L Hollingshed · 1 yrs held
Joe L Hollingshed
since 2025
Last sale
$530,000
7 recorded transactions
Zoning & alternative use
C1 · Cartersville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cartersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cartersville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$475,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$500,000
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $530k (Feb 13 2025)
Last sale anchor
$530k
Feb 13 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$201 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,458
Tax year 2023
Assessed value
$60,000
Assessed 2023
Previous assessed
$60,000
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$60,000
Land market value
$150,000
Total market value
$150,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1900
Heating
BASEBOARD
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
2,641 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C1
APN
C001-0028-009
UPID
US22-1309337
Jurisdiction
BARTOW
Zoning & alternative use
C1 · Cartersville, GA
Zoning C1 · permitted uses
C1 · Cartersville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cartersville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
BASEBOARD
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Joe L Hollingshed
Individual
Mailing address
108 STONEWALL ST, CARTERSVILLE, GA 30120-3626
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
—
Joe L Hollingshed
Trisha Murphy
Quitclaim Deed
related
—
Dec 27, 2024
$530,000
Rp Nesbitt Properties LLC
Joseph L Hollingshed
Warranty Deed
$28,000 · Hollingshed Joseph L
Feb 6, 2019
$160,000
Joseph L Hollingshed
Murphy,trisha
Warranty Deed
$160,000 · Trisha Murphy
Dec 31, 2014
—
Trisha Murphy
Murphy,ron
Quit Claim Deed
related
—
Sep 5, 2012
—
Ronald E Murphy
Murphy,trisha
Quit Claim Deed
related
—
—
—
Ron Murphy
—
Deed Of Trust
related
$169,086 · Century Bank
—
—
Ron Murphy
—
Deed Of Trust
related
$166,488 · Century Bank
—
—
Ron Murphy
—
Loan Modification
related
$208,610 · Century Bank Of Georgia
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 109 Forrest Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
