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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office Spaces
209 Corporate Dr Carrollton, GA 30117-2467
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-1947024
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2007
Construction
STEEL FRAME
Total area
5,176 SF
Lot
0.45 ac (19,602 SF)
Zoning code
C2
APN
C04-006-0040
UPID
US22-1947024
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ellison Accounting Services, Inc. Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$747k
Blend (final)
Blend
$585k
Owner & transaction history
Derick Newton · 1 yrs held
Derick Newton
since 2025
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
C2 · Carrollton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$870,000
+0.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Carrollton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carrollton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$595,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$865,000
Current use
RETAIL STORES
$870,000
Change: +1% · Conversion: Easy
AUTO REPAIR, GARAGE
$805,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $575k (May 6 2025)
Last sale anchor
$575k
May 6 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,584
Tax year 2023
Assessed value
$225,545
Assessed 2023
Previous assessed
$182,380
+23.7% YoY
Effective rate
2.92%
On assessed value
Assessed land
$11,776
Assessed improvement
$213,769
Land market value
$29,440
Improvement market value
$534,423
Total market value
$563,863
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Total area
5,176 SF
Lot
0.45 ac (19,602 SF)
Zoning code
C2
APN
C04-006-0040
UPID
US22-1947024
Jurisdiction
CARROLL
Zoning & alternative use
C2 · Carrollton, GA
Zoning C2 · permitted uses
C2 · Carrollton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carrollton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$865,000
RETAIL STORES
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$805,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Buildings
5
Lot
0.45 ac
Current owner
From public records · entity-resolved
Derick Newton
Individual
Mailing address
209 CORPORATE DR, CARROLLTON, GA 30117-2467
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
—
Derick Newton
Ellison Property Managment INC
Deed
$472,876 · United Community Bank
May 6, 2025
$575,000
Derick Newton
Susan Ellison
Deed
$472,876 · United Community Bank
Apr 14, 2025
—
Susan Jean Ellison
Carrollton City
Quitclaim Deed
related
—
Jan 26, 2018
—
Susan Ellison
—
Deed
related
$351,030 · Bank Of Ozark
Dec 4, 2007
—
Ellison Accounting Services
—
Trustees Deed
related
$4,320 · First National Bank Georgia
Apr 19, 2007
—
Tommy E Ellison
Ellison Accounting Svcs INC
Quit Claim Deed
related
$75,000 · West Ga National Bank
—
—
Susan Ellison
—
Loan Modification
related
$351,030 · Bank Of Ozark
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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