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

    111 College St Carrollton, GA 30117

    • Medical offices
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0311694
    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

    • Medical offices

    Property Details for 111 College St

    Year built
    1850
    Lot size
    0.15 lot acres
    Property type
    Medical offices

    Description

    This exceptional 1850s building at 111 College Street, Carrollton, GA 30117, presents a unique investment opportunity. Situated on a 0.151-acre lot in the heart of downtown, this property boasts a prime location at the corner of College and Robinson Streets. Currently configured as a three-bedroom, 2.5-bathroom residence with a bonus room/home office, it's zoned for Office and Institutional use, offering flexibility for various business ventures or continued residential use. The building features beautiful heart pine flooring, a gas log fireplace, and a charming rooftop deck with downtown views. Extensive renovations in 2021 included complete electrical rewiring, new plumbing, a tankless water heater, a new roof, a new upstairs HVAC system, and new kitchen appliances (included in the sale). The property also benefits from professional landscaping and attractive patios. The asking price is $699,900. This versatile property is ideal for a discerning buyer seeking a blend of historic character and modern amenities in a highly desirable downtown location. The washer and dryer are included. The building consists of one structure.

    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
    Carrollton
    County
    Carroll - GA
    State
    Georgia
    Longitude
    -85.0722704
    Latitude
    33.5805497

    Comparable in this City

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      7,613 SF

      Carrollton Medical Office Investment

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    • $1,900,000
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      Carrollton Office Building For Sale

      Prime Carrollton location, 11,764 sq ft, vacant.
      609 Bankhead Hwy, Carrollton, GA 30117
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    • $6,100,000
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      Glen Eagles Professional Park

      Carrollton, GA Office Complex - $6.1M
      300 Glen Eagles Ct, Carrollton, GA 30117
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    • $5,708,747
      7,613 SF

      Carrollton Parachute Plasma Investment Property

      NNN leased Parachute Plasma near Tanner Medical Center.
      1022 Maple St, Carrollton, GA 30117
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    • $1,300,000
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      Versatile Downtown Carrollton Commercial Property

      Spacious 8,400 sq ft commercial property in downtown Carrollton.
      402 Rome St, Carrollton, GA 30117
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    • $1,200,000
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      Modern Commercial Facility in Carrollton

      12,000 SF commercial facility suitable for office, retail, or industrial.
      131 Parkwood Cir, Carrollton, GA 30117
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    Similar Nearby for Sale

    • $5,708,747
      7,613 SF

      Carrollton Medical Office Investment

      High-yield NNN medical office, strong tenant.
      1022 Maple St, Carrollton, GA 30117
      View Details
    • $1,900,000
      11,764 SF

      Carrollton Office Building For Sale

      Prime Carrollton location, 11,764 sq ft, vacant.
      609 Bankhead Hwy, Carrollton, GA 30117
      View Details
    • $6,100,000
      37,200 SF

      Glen Eagles Professional Park

      Carrollton, GA Office Complex - $6.1M
      300 Glen Eagles Ct, Carrollton, GA 30117
      View Details
    • $5,708,747
      7,613 SF

      Carrollton Parachute Plasma Investment Property

      NNN leased Parachute Plasma near Tanner Medical Center.
      1022 Maple St, Carrollton, GA 30117
      View Details
    • $1,300,000
      8,400 SF

      Versatile Downtown Carrollton Commercial Property

      Spacious 8,400 sq ft commercial property in downtown Carrollton.
      402 Rome St, Carrollton, GA 30117
      View Details
    • $1,200,000
      12,000 SF

      Modern Commercial Facility in Carrollton

      12,000 SF commercial facility suitable for office, retail, or industrial.
      131 Parkwood Cir, Carrollton, GA 30117
      View Details

    Similar Nearby for Lease

    • $720 /Mo
      7,080 SF

      Carrollton Office/Retail Space Available

      Office/retail space in a high-traffic Carrollton location, ready soon.
      907 S Park St, Carrollton, GA 30117
      View Details
    • $3,200 /Mo
      3,200 SF

      Carrollton Commercial Space with Shop

      Office and shop space ideal for service businesses or light industry.
      128 Parkwood Cir, Carrollton, GA 30117
      View Details
    • $675 /Mo
      7,080 SF

      Office Space in South Park

      Office space available in high-traffic Carrollton location.
      907 S Park St, Carrollton, GA 30117
      View Details
    • $13 SF/Yr
      1,620 SF

      Carrollton Office Space for Lease

      Prime Carrollton location, move-in ready suites.
      907 Park St, Carrollton, GA 30117
      View Details
    • $2,650 /Mo
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      Professional Office Space in Carrollton

      Move-in-ready office space near downtown Carrollton.
      108 Cedar St, Carrollton, GA 30117
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    • $1,650 /Mo
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      Professional Office Space in Carrollton

      Well-maintained office building with flexible layout and professional amenities.
      101 Rejen Dr, Carrollton, GA 30117
      View Details
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    111 College St
    Carrollton, GA 30117
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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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