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    Property profile & analytics

    1115 Park St Carrollton, GA 30117-4429

    • Retail space
    • 6,000 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $1,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1377566
    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

    • BLOCKBUSTER / Electronics & Wireless Store / (Bike/Boat/Book/etc) Store
    • Mattress Firm Carrollton / Furniture & Home Goods

    Property Details for 1115 Park St

    Year built
    1997
    Construction
    CONCRETE BLOCKS
    Lot size
    1.42 lot acres
    Property size
    6,000 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    C07-042-0141
    APU
    C070420141

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,405,000
      6.5%
      $1,300,000
      7%
      $1,205,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,292,000
      Market price range: $576k - $1.29M
      AI Estimate
      $1,005,000
      Market price range: $237k - $1.01M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,010,000
      Current use
      COMMERCIAL (GENERAL)
      $1,000,000
      Change: -1% Conversion: Easy
      AUTO REPAIR, GARAGE
      $935,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Carroll
    State
    Georgia
    Longitude
    -85.0744
    Latitude
    33.5597
    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
    $11,643
    $221,000
    $177,868
    $398,868
    -
    $552,500
    $444,671
    $997,171

    Comparable in this City

    • Value Estimation by Request
      1,350 SF

      111 Rome St

      RETAIL STORES (PERSONAL SERVICES) • 1,350 SF
      111 Rome St, Carrollton, GA 30117-3102
      View Details
    • Value Estimation
      $650,000
      5,760 SF

      415 Bradley St

      RETAIL STORES (PERSONAL SERVICES) • 5,760 SF
      415 Bradley St, Carrollton, GA 30117-3330
      View Details
    • Value Estimation by Request
      464 SF

      109 City Hall Ave

      RETAIL STORES (PERSONAL SERVICES) • 464 SF
      109 City Hall Ave, Carrollton, GA 30117-3112
      View Details
    • Value Estimation by Request
      1,170 SF

      127 Newnan Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,170 SF
      127 Newnan Rd, Carrollton, GA 30117-3442
      View Details
    • Value Estimation
      $1,285,000
      10,800 SF

      1521 Hwy 27

      RETAIL STORES (PERSONAL SERVICES) • 10,800 SF
      1521 Hwy 27, Carrollton, GA 30117-7526
      View Details
    • Value Estimation
      $1,385,000
      6,600 SF

      171 Brumbelow Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,600 SF
      171 Brumbelow Rd, Carrollton, GA 30117-2727
      View Details

    Similar Nearby for Sale

    • $2,000,000
      8.67 Acres

      8.67 Acres Commercial Land

      Prime commercial land ready for development in a growing corridor.
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    • $1,495,000
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      Retail Property on Highway 27

      Commercial property with two retail buildings and tenants.
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      Modern Commercial Facility in Carrollton

      12,000 SF commercial facility suitable for office, retail, or industrial.
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    • $2,000,000
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      Carrollton Commercial Land For Sale

      8.67 acres of commercial land ready for development.
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    • $599,900
      Pending

      Carrollton Commercial Building For Sale

      4,000 SF commercial building suitable for various business concepts.
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    • Contact for pricing
      2,592 SF

      Commercial Space in Carrollton City

      Newly renovated commercial space for lease in Carrollton, Georgia.
      928 South Park St, Carrollton, GA 30117
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Carrollton Office/Retail Space Available

      Prime office and mixed-retail spaces in Carrollton, ready for occupancy.
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      View Details
    • Contact for pricing

      Retail Buildings at Maple Street

      New retail development near University of West Georgia and West Georgia Tech.
      2235 Maple St, Carrollton, GA 30117
      View Details
    • $14 SF/Yr

      Carrollton Retail/Restaurant Space Available

      Retail/restaurant space for lease in Westover Square shopping center.
      929 Maple St, Carrollton, GA 30117
      View Details
    • Contact for pricing

      Retail Space in Riverbridge Center

      Vibrant shopping center with excellent visibility and accessibility.
      1124 N Park St, Carrollton, GA 30117
      View Details
    • Contact for pricing

      Carrollton Retail Opportunity Near Atlanta

      Restaurant or retail space with drive-thru potential near CVS.
      546 Bankhead Hwy, Carrollton, GA 30117
      View Details
    • $8,285 /Mo
      6,214 SF

      Move-in Ready Carrollton Office Space

      Office space in Carrollton near Tanner Medical Center and Southwire.
      820 Dixie St, Carrollton, GA 30117
      View Details
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    1115 Park St
    Carrollton, GA 30117-4429
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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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