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    Property profile & analytics

    2648 Hickory Flat Hwy Canton, GA 30115

    • Commercial real estate
    • 24.67 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0383701
    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 2648 Hickory Flat Hwy

    Lot size
    24.67 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 24.67-acre property in Canton, Georgia, presents a remarkable development opportunity. Located on Hickory Flat Highway in Cherokee County, this land boasts an advantageous R40 zoning designation, opening doors to a variety of uses including multi-family residential, retail, or office development. The property's strategic location offers significant advantages, situated just a short distance from the new Northside/Cherokee Hospital, ensuring high visibility and accessibility. With 1,314 feet of road frontage along Hickory Flat Highway, the site provides ample space for expansive projects. The convenient proximity to Interstate 575 (1.65 miles) further enhances its appeal, providing easy access to major transportation routes and a wider market reach. The asking price for this exceptional parcel is $4,000,000. The property's size, zoning, and location combine to create a compelling investment prospect with substantial potential for future growth and return. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a significant land holding in a rapidly developing area of Canton, Georgia. Don't miss out on this chance to secure a prime piece of real estate with exceptional development potential. The zip code is 30115.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.45665396
    Latitude
    34.21321717

    Comparable in this City

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      Prime Canton Agricultural Land

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      Cherokee County Equestrian Estate

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      New Farmhouse Estate on Acreage

      Luxury estate with pool on 3.3 acres in Canton.
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    Similar Nearby for Sale

    • $1,780,000
      47.12 Acres

      47-Acre Canton Estate, Georgia

      Prime Agricultural Land, Residential Potential
      0 Jesse Martin Trl, Canton, GA 30115
      View Details
    • $1,898,000
      4,517 SF

      New Ranch Estate on Acreage

      Custom two-story ranch estate on 4.21 acres in Canton, GA.
      146 Sherwood Ln, Canton, GA 30115
      View Details
    • $6,910,000
      56.00 Acres

      Prime Canton Agricultural Land

      56 Acres, 2 Lakes, Ball Field
      8143 Cherokee Dr, Canton, GA 30115
      View Details
    • $350,000
      4.59 Acres

      Prime Canton Agricultural Land

      4.59 Acres, $350,000
      348 Pat Rich Dr, Canton, GA 30115
      View Details
    • $4,500,000

      Cherokee County Equestrian Estate

      27+ acre equestrian estate with barn, pond, and updated home.
      336 Tanglewood Dr, Canton, GA 30115
      View Details
    • $3,500,000
      6,500 SF

      New Farmhouse Estate on Acreage

      Luxury estate with pool on 3.3 acres in Canton.
      1350 A J Land Rd, Canton, GA 30115
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land in Canton, GA

      Land available for lease in a growing Canton community.
      E Cherokee St & Cumming Hwy, Canton, GA 30115
      View Details
    • $2,500 /Mo
      1 SF

      Holly Springs Commercial Land Opportunity

      1.4-acre commercial land for lease near Holly Springs Town Center.
      2547 Holly Springs Pkwy, Holly Springs, GA 30115
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      30,000 SF

      Holly Springs Retail Center

      Prime Retail Space, I-575 Access
      2210 Holly Springs Pkwy, Holly Springs, GA 30115
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      85,639 SF

      Woodmont Village Shopping Center

      Kroger-anchored retail space available.
      8020 Cumming Hwy, Canton, GA 30115
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    • Contact for pricing

      Retail Space in Canton, Georgia

      Class-A shopping center space for lease in Canton, GA.
      2249 Cumming Hwy, Canton, GA 30115
      View Details
    • $35 SF/Yr
      28,668 SF

      Modern Retail and Restaurant Spaces

      New retail and restaurant spaces in Holly Springs Town Center.
      1 Hickory Spg Pkwy, Holly Springs, GA 30115
      View Details
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    2648 Hickory Flat Hwy
    Canton, GA 30115
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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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