Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    135 Cherokee Ave Cartersville, GA 30120-3182

    • Office properties & Spaces
    • 88,974 SF
    • 5.42 lot acres
    OFF-MARKET
    Last Sale
    Jun 18, 2024
    Value Estimations
    $18,665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4250164
    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

    • Office properties & Spaces

    Property Details for 135 Cherokee Ave

    Year built
    1992
    Lot size
    5.42 lot acres
    Property size
    88,974 SF
    Zone code
    OI
    Property type
    Office properties & Spaces
    APN
    C002-0014-010
    APU
    C0020014010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $19,575,000
      6.5%
      $18,070,000
      7%
      $16,780,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $22,239,000
      Market price range: $10.3M - $22.2M
      AI Estimate
      $15,691,000
      Market price range: $4.30M - $15.7M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $15,465,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cartersville
    County
    Bartow
    State
    Georgia
    Longitude
    -84.799
    Latitude
    34.1658
    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
    $0.00
    $1,300,800
    $7,323,900
    $8,624,700
    -
    $3,252,000
    $18,309,751
    $21,561,751

    Comparable in this City

    • Value Estimation by Request
      8,260 SF

      1124 Tennessee St

      Medical Office Space • 8,260 SF
      1124 Tennessee St, Cartersville, GA 30120
      View Details
    • Value Estimation by Request
      1,310 SF

      925 10th St

      OFFICE (GENERAL) • 1,310 SF
      925 10th St, Cartersville, GA 30120-2400
      View Details
    • Value Estimation by Request
      1,536 SF

      1028 Jones Ml Rd

      OFFICE (GENERAL) • 1,536 SF
      1028 Jones Ml Rd, Cartersville, GA 30120-2118
      View Details
    • Value Estimation by Request
      1,256 SF

      206 Main St

      OFFICE (GENERAL) • 1,256 SF
      206 Main St, Cartersville, GA 30120
      View Details
    • Value Estimation
      $3,070,000
      14,640 SF

      102 Old Ml Rd

      OFFICE (GENERAL) • 14,640 SF
      102 Old Ml Rd, Cartersville, GA 30120-4127
      View Details
    • Value Estimation by Request
      1,214 SF

      414 10th St

      OFFICE (GENERAL) • 1,214 SF
      414 10th St, Cartersville, GA 30120-2817
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.09 Acres

      Cartersville Medical Office Suite

      Fully Equipped, High-Traffic Location
      962 Joe Frank Harris Pkwy, Cartersville, GA 30120
      View Details
    • Contact for pricing
      0.62 Acres

      Cartersville Commercial Site with Residence

      High-traffic commercial site with residence and multiple outbuildings.
      806 N Tennessee St, Cartersville, GA 30120
      View Details
    • $300,000
      Pending

      Cartersville Historic District Mixed-Use Property

      Renovated bungalow in Cartersville's Historic District, suitable for mixed-use.
      210 Mccanless St, Cartersville, GA 30120
      View Details
    • New
      $325,000
      Pending

      Cartersville Mixed-Use Commercial Property

      Mixed-use property near downtown Cartersville, ideal for professionals.
      120 Maybelle St, Cartersville, GA 30120
      View Details
    • $575,000
      1,314 SF

      Cartersville Commercial Site For Sale

      Versatile commercial property with office, storage, and shop buildings.
      806 N Tennessee St, Cartersville, GA 30120
      View Details
    • $410,000
      3,018 SF

      Cartersville Office Building For Sale

      3,018 SF office building in Cartersville, Georgia.
      113 Douglas St, Cartersville, GA 30120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,260 SF

      Rosepond Offices: Cartersville Gem

      Prime Downtown Cartersville Office Building
      1124 Tennessee St, Cartersville, GA 30120
      View Details
    • $475 /Mo
      120 SF

      Cartersville Office Space Available

      Class B office building with amenities in Cartersville, Georgia.
      1124 N Tennessee St, Cartersville, GA 30120
      View Details
    • Contact for pricing

      Office/Warehouse Building Near Highways

      Multi-tenant office and warehouse spaces, convenient highway access.
      220 River Dr, Cartersville, GA 30120
      View Details
    • Contact for pricing

      Renovated Warehouse/Distribution Space Available

      76,050 SF renovated warehouse/distribution space with office and rail access.
      707 South Erwin St, Cartersville, GA 30120
      View Details
    • Contact for pricing
      3,800 SF

      Cartersville Office Space For Rent

      Office space in Cartersville with high visibility and ample storage.
      328 E Main St, Cartersville, GA 30120
      View Details
    • Contact for pricing
      379,855 SF

      Industrial Space with Development Potential

      Large industrial space available for rent with development options.
      205 Ga-293, Cartersville, GA 30120
      View Details
    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.
    135 Cherokee Ave
    Cartersville, GA 30120-3182
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!