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    1109 Park St Carrollton, GA 30117-4462
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    Property profile & analytics

    1109 Park St Carrollton, GA 30117-4462

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    • Commercial real estate
    • 90,200 SF
    • 20.74 lot acres
    Off-Market
    Property ID
    US22-1218307
    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
    $17,075,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cindy Camargo Realtor / Real Estate Agency
    • The Joint Chiropractic / Alternative Medicine Practice
    • The UPS Store / Courier Service / Postal Service
    • BB&T Insurance Services / Insurance Agency
    • Lofters David DDS / Dental Office

    Property Details for 1109 Park St

    Year built
    1997
    Lot size
    20.74 lot acres
    Property size
    90,200 SF
    Zone code
    C2
    Property type
    Commercial real estate
    APN
    C07-042-0138
    APU
    C070420138

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $18,265,000
      6.5%
      $16,860,000
      7%
      $15,655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,812,000
      Market price range: $8.23M - $22.4M
      AI Estimate
      $15,558,000
      Market price range: $7.12M - $19.4M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $15,070,000
      Current use
      RETAIL STORES
      $15,205,000
      Change: +1% Conversion: Easy
      AUTO REPAIR, GARAGE
      $14,035,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Carroll
    State
    Georgia
    Longitude
    -85.076
    Latitude
    33.5603
    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
    $137,076
    $965,046
    $3,730,954
    $4,696,000
    -
    $2,412,615
    $9,327,385
    $11,740,000

    Comparable in this City

    • Value Estimation by Request
      0.95 Acres

      Parkwood Cir

      COMMERCIAL (GENERAL) • 0.95 Acres
      Parkwood Cir, Carrollton, GA 30117
      View Details
    • Value Estimation by Request
      4,500 SF

      330 Chappell Rd

      COMMERCIAL (GENERAL) • 4,500 SF
      330 Chappell Rd, Carrollton, GA 30117
      View Details
    • Value Estimation by Request
      3.44 Acres

      2415 Highway 166

      Commercial real estate • 3.44 Acres
      2415 Highway 166, Carrollton, GA 30117
      View Details
    • Value Estimation by Request
      12,600 SF

      200 Gln Eagles Ct

      Retail properties & Spaces • 12,600 SF
      200 Gln Eagles Ct, Carrollton, GA 30117
      View Details
    • Value Estimation by Request
      8.34 Acres

      Est At Hays Ml

      Land • 8.34 Acres
      0 Est At Hays Ml, Carrollton, GA 30117
      View Details
    • Value Estimation by Request
      0.10 Acres

      3020 27 Hwy

      Specialty properties • 0.10 Acres
      3020 27 Hwy, Carrollton, GA 30117
      View Details

    Similar Nearby for Sale

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      Land For Sale Carrollton, GA

      Land available for purchase in Carrollton, Georgia.
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      Land For Sale Carrollton

      Land available for sale in Carrollton, Georgia.
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    Similar Nearby for Lease

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      Retail Buildings at Maple Street

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      Carrollton Retail Opportunity Near Atlanta

      Restaurant or retail space with drive-thru potential near CVS.
      546 Bankhead Hwy, Carrollton, GA 30117
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      Carrollton Retail/Restaurant Space Available

      Retail/restaurant space for lease in Westover Square shopping center.
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      Carrollton Land Lease Opportunity

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      Carrollton Office/Retail Space Available

      Prime office and mixed-retail spaces in Carrollton, ready for occupancy.
      907 S Park St, Carrollton, GA 30117
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    • $19,602 /Mo
      28,513 SF

      Carrollton Industrial Warehouse with Showroom

      28,513 SF warehouse with office and showroom space for lease.
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      View Details

    Property Visit Statistics

    • Visits by month
      81.4k
    • Visitors by month
      44.2k
    • Avg Time on site
      23 min
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    Carrollton, GA 30117-4462
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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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