Financial
Distress signals
Property profile

116 Lucille Ave Carrollton, GA 30117

FOR SALE
Outlet malls
Property ID
US22-1712697
27,488 SF 1.72 ac lot Built 1942
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a historic mixed-use building combining warehouse space with street-facing retail frontage. It includes over 21,000 square feet of warehouse area and over 5,700 square feet of retail frontage, with multiple loading docks, expansive open interior areas, and additional basement storage designed to support flexible commercial configurations. The building sits on a level 1.72-acre parcel with 600+ feet of road frontage, providing multiple access points. The location is within

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$157k
Assessed land$44k
Assessed improvement$113k
Effective rate2.92%

Value estimate

· Sep 2026
$2.61M
$2.35M – $2.87M
Sales comparison$2.64M
NOI build-up
Gross scheduled income$261k
Vacancy & credit loss−$14k
Operating expenses−$86k
NOI · 22.10% cap applied$160k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$169/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$96 – $215

Cap rate analysis

How does the asset earn?
22.10%
$160k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M1
JurisdictionCARROLL

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath12.3
Parking Facility11.8
HVAC Service11.8

Location

116 Lucille Ave Carrollton, GA 30117
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
219 Lovvorn, Carrollton, GA 30117-3617 $690,000 Jul 2024 14,567 SF
903 Park, Carrollton, GA 30117-4425 $1,150,000 Feb 2023 12,600 SF
912 Park, Carrollton, GA 30117-4426 $3,897,435 Sep 2022 26,400 SF
207 Brumbelow, Carrollton, GA 30117-2718 $900,000 Jul 2022 9,200 SF
1128 Park, Carrollton, GA 30117-2229 $4,700,000 Feb 2021 11,250 SF
437 Hwy 113, Carrollton, GA 30117-8696 $2,091,768 Oct 2020 10,408 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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