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

    121 Hay St, Unit Streets Carrollton, GA 30117

    • Commercial real estate
    • 29,185 SF
    • 0.67 lot acres
    For Sale
    View listing
    $199,950
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1392456
    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

    • Commercial real estate

    Property Details for 121 Hay St

    Lot size
    0.67 lot acres
    Property size
    29,185 SF
    Property type
    Commercial real estate

    Description

    This exceptional 0.67-acre vacant lot presents a remarkable opportunity for residential development in the thriving city of Carrollton, Georgia. Located at 121 Hay Street, this property boasts a substantial 29,185 square feet of land, perfectly situated within a residential zone. The property's strategic location offers convenient access to essential amenities and services, making it an ideal site for new construction. All utilities are readily available, simplifying the development process and minimizing upfront costs. This is not just a single lot

    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
    State
    Georgia
    Longitude
    -85.08443
    Latitude
    33.57928

    Comparable in this City

    • $549,900
      5,176 SF

      209 Corporate Dr, Carrollton, GA 30117

      Commercial real estate • 5,176 SF
      209 Corporate Dr, Carrollton, GA 30117
      View Details
    • $675,000
      5.72 Acres

      Carrollton Commercial Land - $675K

      Prime 5.72-acre commercial lot, ideal for retail.
      73 Reid Rd, Carrollton, GA 30117
      View Details
    • $1,450,000
      7,600 SF

      Downtown Carrollton Commercial Gem

      7,600 sq ft, 2-level office space, 13 parking spaces
      402 Rome St, Carrollton, GA 30117
      View Details
    • $235,000
      1,260 SF

      Carrollton Commercial Building - High Traffic

      Versatile Commercial Space, Highway Frontage
      3596 166 Hwy, Carrollton, GA 30117
      View Details
    • $229,000
      410 SF

      Carrollton Commercial Corner Lot

      High-traffic corner lot, Hwy 27 access.
      415 Park St, Carrollton, GA 30117
      View Details
    • $750,000
      3,471 SF

      Historic Downtown Carrollton Gem

      Charming 1922 building, adaptable space.
      306 Tanner St, Carrollton, GA 30117
      View Details

    Similar Nearby for Sale

    • $549,900
      5,176 SF

      209 Corporate Dr, Carrollton, GA 30117

      Commercial real estate • 5,176 SF
      209 Corporate Dr, Carrollton, GA 30117
      View Details
    • $675,000
      5.72 Acres

      Carrollton Commercial Land - $675K

      Prime 5.72-acre commercial lot, ideal for retail.
      73 Reid Rd, Carrollton, GA 30117
      View Details
    • $1,450,000
      7,600 SF

      Downtown Carrollton Commercial Gem

      7,600 sq ft, 2-level office space, 13 parking spaces
      402 Rome St, Carrollton, GA 30117
      View Details
    • $235,000
      1,260 SF

      Carrollton Commercial Building - High Traffic

      Versatile Commercial Space, Highway Frontage
      3596 166 Hwy, Carrollton, GA 30117
      View Details
    • $229,000
      410 SF

      Carrollton Commercial Corner Lot

      High-traffic corner lot, Hwy 27 access.
      415 Park St, Carrollton, GA 30117
      View Details
    • $989,000

      Walmart Shadow Center Land

      High-traffic GA location, development-ready.
      444 Stripling Chapel Rd, Carrollton, GA 30117
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,750 SF

      2235 Maple St

      Neighborhood centers • 22,750 SF
      2235 Maple 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
    • $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
    • $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
      91,188 SF

      Riverbridge Shopping Center: Retail Space

      High-traffic Carrollton retail space available.
      1124 Park St, Carrollton, GA 30117
      View Details
    • $1,331 /Mo
      7,080 SF

      Salon Space in South Park

      Salon space ready to go in a high-traffic location.
      907 South Park St, Carrollton, GA 30117
      View Details
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    121 Hay St, Unit Streets
    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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