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    3202 Hickory Flat Hwy Canton, GA 30115

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    3202 Hickory Flat Hwy Canton, GA 30115

    View on Map
    • Office Units
    • 1,575 SF
    • 3.66 lot acres
    Off-Market
    Property ID
    US22-1026537
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Units

    Property Details for 3202 Hickory Flat Hwy

    Lot size
    3.66 lot acres
    Property size
    1,575 SF
    Property type
    Office Units

    Description

    This exceptional Canton, GA office building offers 1,575 square feet of renovated space, perfectly situated on a 3.66-acre lot. Built in 1990 and updated in 2021, the property boasts a prime location on Hickory Flat Highway and Brick Mill Road, benefiting from high visibility and an average daily traffic count of approximately 18,000 vehicles. The building is currently zoned OI & NC, providing flexibility for various uses. The property includes one single-story building and features all necessary utilities: water, electric, gas, and internet. Currently utilizing a septic system, the property offers an exceptional value proposition at $350,000 ($222.22/SF). An access easement will be required prior to closing. Additional land (approximately 3.16 acres) zoned NC/O/I is available for purchase. This presents a unique opportunity for owner-users or investors seeking a strategic location within the Atlanta metropolitan area, enjoying the suburban charm of Cherokee County while maintaining easy access to major highways and urban amenities. Lease rates for similar offices in the area range from $16 to $19 per square foot.

    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
    -84.455207912872
    Latitude
    34.20446613427

    Comparable in this City

    • $748,000

      Prime Land in Holly Springs

      Land parcel in thriving Holly Springs Town Center District.
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    • $841,500

      Prime Land in Holly Springs

      Scarce land parcel in thriving Holly Springs Town Center District.
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    • $748,000
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      Prime Land in Holly Springs

      Land parcel in thriving Holly Springs Town Center District.
      3132 Holly Spring Pkwy, Canton, GA 30115
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    • $753,500
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      Prime Commercial Land Opportunity

      Desirable commercial land in a prime location near Holly Springs.
      3060 Holly Spring Pkwy, Canton, GA 30115
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    • $1,699,000
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      Canton Home on Private Acres

      Custom home with potential for expansion in a desirable location.
      152 Sherwood Ln, Canton, GA 30115
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    Similar Nearby for Sale

    • $748,000

      Prime Land in Holly Springs

      Land parcel in thriving Holly Springs Town Center District.
      3132 Holly Spring Pkwy, Canton, GA 30115
      View Details
    • $841,500

      Prime Land in Holly Springs

      Scarce land parcel in thriving Holly Springs Town Center District.
      3072 Holly Spring Pkwy, Canton, GA 30115
      View Details
    • $748,000
      1,437 SF

      Prime Land in Holly Springs

      Land parcel in thriving Holly Springs Town Center District.
      3132 Holly Spring Pkwy, Canton, GA 30115
      View Details
    • $753,500
      1.37 Acres

      Prime Commercial Land Opportunity

      Desirable commercial land in a prime location near Holly Springs.
      3060 Holly Spring Pkwy, Canton, GA 30115
      View Details
    • $1,699,000
      3.01 Acres

      Canton Home on Private Acres

      Custom home with potential for expansion in a desirable location.
      152 Sherwood Ln, Canton, GA 30115
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Updated Building on Highway 20

      Updated 4,300 SF building suitable for medical, office, or retail.
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    • $35 SF/Yr

      Modern Retail and Restaurant Spaces

      New retail and restaurant spaces in Holly Springs Town Center.
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      Canton Commercial Space For Rent

      Commercial office/retail space available on busy Hwy 20.
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    • 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
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      Retail Space in Holly Springs

      Retail space in Walmart shadow center near Holly Springs Town Center.
      2210 Holly Springs Pkwy, Holly Springs, GA 30115
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      Retail Property for Lease

      Retail property available for lease.
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    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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    3202 Hickory Flat Hwy, Canton, GA, 30115

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