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    3228 New Macland Rd Powder Springs, GA 30127
    Property profile & analytics

    3228 New Macland Rd Powder Springs, GA 30127

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    • Office Units
    • 1,160 SF
    Off-Market
    Property ID
    US22-0279523
    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 3228 New Macland Rd

    Year built
    1949
    Property size
    1,160 SF
    Property type
    Office Units
    Property subtype
    Retail space

    Description

    Perfect time to solidify your business or work space before the end of the year and to hit the ground running in 2024! Great Office, professional services, general business, daycare, restaurant or possible retail location. Possible to use existing structure currently with residential floor plan that is capable and ready for tenant build out or improvement to meet business needs. Comes with storage building in the back that can remain or tenant use or be removed. All structures could easily be tear down and rebuilt to suit. This structure and lease property sits on 0.5 acre usable by tenant. Another 0.5 acre lot is level, cleared, and may have a potential franchise or other business build & is located side by side. Front yard may be converted to paved parking that would accommodate approximately 10-15 parking spots. Versatile site with excellent access directly across from strip center, commercial intersection, and within close proximity of wonderful residential neighborhoods as well as public schools.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Powder Springs
    County
    Cobb
    State
    Georgia
    Longitude
    -84.6767811
    Latitude
    33.8750244

    Comparable in this City

    • $500,000
      1,484 SF

      Downtown Powder Springs Event Location

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    • $590,000
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      Historic Landmark in Powder Springs

      Preserved 1870 landmark with modern updates in Powder Springs.
      4284 Marietta St, Powder Springs, GA 30127
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      12,800 SF

      12,800 SF Available For Sale

      12,800 SF flex/industrial/office/warehouse space available for purchase.
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    Similar Nearby for Sale

    • $500,000
      1,484 SF

      Downtown Powder Springs Event Location

      Established event location suitable for various business purposes.
      4425 Marietta St, Powder Springs, GA 30127
      View Details
    • $590,000
      2,511 SF

      Historic Landmark in Powder Springs

      Preserved 1870 landmark with modern updates in Powder Springs.
      4284 Marietta St, Powder Springs, GA 30127
      View Details
    • Contact for pricing
      12,800 SF

      12,800 SF Available For Sale

      12,800 SF flex/industrial/office/warehouse space available for purchase.
      3404 Florence Cir, Powder Springs, GA 30127
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

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      1,617 SF

      Retail/Office Space on Dallas Highway

      Retail or office space with high visibility on Dallas Highway.
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      Retail Space For Lease

      Retail space available for lease in Powder Springs, Georgia.
      1050 Richard D Sailors Pkwy, Powder Springs, GA 30127
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    • Contact for pricing
      1,450 SF

      Retail and Office Space Available

      Retail and office spaces with great visibility and easy access.
      5087 Dallas Hwy, Powder Springs, GA 30127
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    • $1,200 /Mo
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      Office Suite in Historic Downtown

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      3849 Oakview Dr SW, Powder Springs, GA 30127
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    • $1,200 /Mo
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      Office Space in Powder Springs

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      View Details
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    Powder Springs, GA 30127
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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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    3228 New Macland Rd, Powder Springs, GA, 30127
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