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

    2535 Hickory Grv NW Rd Acworth, GA 30101-3610

    • Strip malls
    • 14,760 SF
    • 2.51 lot acres
    OFF-MARKET
    Value Estimations
    $1,900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1771153
    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

    • Body of Excellence Personal Training & Nutrition / Weight Loss Service / Personal Trainer
    • Spring Cleaners / Laundry
    • ARISE:Life / Church
    • Taste The Spice / Event Planner
    • ISO Island Spice Oven / Chicken Wings Restaurant / Pizza Delivery

    Property Details for 2535 Hickory Grv NW Rd

    Year built
    2006
    Lot size
    2.51 lot acres
    Property size
    14,760 SF
    Zone code
    NRC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    20002500060
    APU
    20002500060

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,890,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,155,000
      Change: +9% Conversion: Difficult
      RETAIL STORES
      $3,060,000
      Change: +6% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,935,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Acworth
    County
    Cobb
    State
    Georgia
    Longitude
    -84.6236
    Latitude
    34.0649
    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
    2024
    $28,507
    $472,692
    $472,828
    $945,520
    -
    $1,181,730
    $1,182,070
    $2,363,800

    Comparable in this City

    • Value Estimation
      $7,120,000
      62,292 SF

      1727 Mars Hl NW Rd

      SHOPPING CENTER, STRIP CENTER • 62,292 SF
      1727 Mars Hl NW Rd, Acworth, GA 30101-8090
      View Details
    • Value Estimation
      $4,245,000
      27,350 SF

      3450 Cobb NW Pkwy

      SHOPPING CENTER, STRIP CENTER • 27,350 SF
      3450 Cobb NW Pkwy, Acworth, GA 30101-8351
      View Details
    • Value Estimation
      $925,000
      5,250 SF

      4500 Main St

      SHOPPING CENTER, STRIP CENTER • 5,250 SF
      4500 Main St, Acworth, GA 30101-5475
      View Details
    • Value Estimation
      $1,490,000
      30,536 SF

      5050 Allatoona Gtwy

      SHOPPING CENTER, STRIP CENTER • 30,536 SF
      5050 Allatoona Gtwy, Acworth, GA 30101-4906
      View Details
    • Value Estimation
      $7,465,000
      68,844 SF

      3507 Baker NW Rd

      SHOPPING CENTER, STRIP CENTER • 68,844 SF
      3507 Baker NW Rd, Acworth, GA 30101-3706
      View Details
    • Value Estimation
      $655,000
      4,242 SF

      2537 Cedarcrest Rd

      SHOPPING CENTER, STRIP CENTER • 4,242 SF
      2537 Cedarcrest Rd, Acworth, GA 30101-8900
      View Details

    Similar Nearby for Sale

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      1,484 SF

      Acworth Retail Property - $1.5M

      Former Sonic Drive-In, redevelopment opportunity.
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      Downtown Acworth Live-Work-Play Opportunity

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      Unique mixed-use property in downtown Acworth near Lake Allatoona.
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    • $335,000
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      Downtown Acworth Live-Work Opportunity

      Mixed-use property in downtown Acworth near Lake Allatoona.
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    • $625,000

      Acworth Automotive Retail Building For Sale

      Two-tenant automotive retail building in Acworth, GA, for sale.
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    • Contact for pricing
      17,000 SF

      Retail and Office Space Available

      Modern, well-maintained retail and office property with high visibility.
      6060 Lake Acworth Dr, Acworth, GA 30101
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kohl's Pad Site For Lease

      Outparcel fronting Cobb Parkway with excellent visibility.
      3354 Cobb Pkwy NW, Acworth, GA 30101
      View Details
    • $25 SF/Yr
      14,550 SF

      Acworth Retail Plaza - High Visibility

      Prime Acworth retail space near I-75 & Publix.
      4974 Cowan Rd, Acworth, GA 30101
      View Details
    • Contact for pricing

      Retail Space in Acworth Corridor

      Retail space available in Acworth's retail corridor.
      3384 Cobb Pkwy NW, Acworth, GA 30101
      View Details
    • $16 SF/Yr
      1,138 SF

      Retail Space in Shopping Center

      Retail space for lease in a popular outdoor shopping center.
      3732 Cedarcrest Rd, Acworth, GA 30101
      View Details
    • Contact for pricing
      137,498 SF

      Lakeside Marketplace Retail Space

      Acworth, GA retail space for lease. Prime location, ample parking.
      41 Near Mars Hl Rd, Acworth, GA 30101
      View Details
    • Contact for pricing
      1,400 SF

      Acworth Retail Space For Rent

      Retail space available in Acworth, GA near major retailers.
      3436 Cobb Pkwy NW, Acworth, GA 30101
      View Details
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    Acworth, GA 30101-3610
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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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