Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1188 Collinsworth Rd Palmetto, GA 30268
    Back to Search
    Property profile & analytics

    1188 Collinsworth Rd Palmetto, GA 30268

    View on Map
    • Grocery and convenience stores
    • 4,806 SF
    • 4.00 lot acres
    For Sale
    $2,500,000
    View Listing →
    Palmetto Commercial Land For Sale For Sale
    $2,500,000

    Palmetto Commercial Land For Sale

    Large lot near I-85 and Palmetto Logistics Center.

    1188 Collinsworth Rd, Palmetto, GA 30268
    View Listing
    Property ID
    US22-1168128
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Frank's Family Restaurant / Restaurant
    • Marathon / Gas Station
    • ATM / Atm / Cars
    • Chevron / Gas Station
    • Mac's Pizza & Wings / Restaurant

    Property Details for 1188 Collinsworth Rd

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    4.00 lot acres
    Property size
    4,806 SF
    Zone code
    C
    Property type
    Grocery and convenience stores
    APN
    129 7128 001C
    APU
    1297128001C

    Description

    This exceptional 4.37-acre commercial land parcel presents a unique investment opportunity in Palmetto, Georgia. Strategically located at the Palmetto exit off I-85, this property boasts high visibility and accessibility. Situated directly in front of the expansive Palmetto Logistics Center, this lot offers significant advantages for businesses seeking a prominent location. The property features frontage on both Collinsworth Road and Weldon Road, providing excellent access from I-85's southbound exit ramp. Zoned C-3 within the City of Palmetto, this land is primed for a variety of commercial developments. The combined Coweta County parcel numbers are 1297097005 and 1297128009. With its substantial size, prime location, and favorable zoning, this property represents a compelling investment opportunity for developers and businesses seeking a high-impact presence in a rapidly growing area. The asking price for this exceptional commercial land is $2,500,000. Don't miss this chance to secure a piece of Palmetto's thriving commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto
    County
    Coweta
    State
    Georgia
    Longitude
    -84.6404
    Latitude
    33.5021
    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
    $7,208
    $48,000
    $262,498
    $310,498
    -
    $120,000
    $656,244
    $776,244

    Comparable in this City

    • Value Estimation by Request
      2,725 SF

      6458 Hwy 29

      CONVENIENCE STORE • 2,725 SF
      6458 Hwy 29, Palmetto, GA 30268
      View Details
    • Value Estimation by Request
      2,000 SF

      502 Tommy Lee Cook Rd

      CONVENIENCE STORE • 2,000 SF
      502 Tommy Lee Cook Rd, Palmetto, GA 30268-1430
      View Details
    • Value Estimation by Request
      2,340 SF

      204 Fayetteville Rd

      CONVENIENCE STORE • 2,340 SF
      204 Fayetteville Rd, Palmetto, GA 30268-1339
      View Details
    • Value Estimation
      $920,000
      6,532 SF

      400 Carlton Rd

      CONVENIENCE STORE • 6,532 SF
      400 Carlton Rd, Palmetto, GA 30268-8101
      View Details
    • Value Estimation
      $1,035,000
      6,168 SF

      506 Ctr St

      GROCERY, SUPERMARKET • 6,168 SF
      506 Ctr St, Palmetto, GA 30268-1002
      View Details
    • Value Estimation by Request
      2,500 SF

      1046 Collinsworth Rd

      CONVENIENCE STORE • 2,500 SF
      1046 Collinsworth Rd, Palmetto, GA 30268-1621
      View Details

    Similar Nearby for Sale

    • $650,000
      6,000 SF

      Palmetto Flex Space Opportunity

      6,000 sq ft flex space on 3+ acres.
      8285 Wilkerson Mill Rd, Palmetto, GA 30268
      View Details
    • $487,600
      12.19 Acres

      Chattahoochee Hills Pasture Land

      12 acre pasture near Serenbe Community, Fulton County, Georgia.
      8395 Vernon Grove Rd, Chattahoochee Hills, GA 30268
      View Details
    • $475,000
      7.96 Acres

      Wooded Land Near Serenbe

      7.96 acre wooded lot in Chattahoochee Hills, Georgia.
      Atlanta Newnan Rd, Chattahoochee Hills, GA 30268
      View Details
    • Contact for pricing

      Prime Corner Lot Near I-85

      2+ acre corner lot zoned C-3 near Palmetto Logistics.
      Collinsworth Rd, Palmetto, GA 30268
      View Details
    • Contact for pricing

      Palmetto Industrial Space For Sale

      Industrial property with 100,000 - 300,000 SF available in Palmetto.
      800 Weldon Rd, Palmetto, GA 30268
      View Details
    • $495,000
      Pending

      Land Near Serenbe Community

      17+ acre lot ideal for custom home or hobby farm.
      Jones Ferry Rd, Chattahoochee Hills, GA 30268
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1188 Collinsworth Rd
    Palmetto, GA 30268
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1188 Collinsworth Rd, Palmetto, GA, 30268
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!