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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Office Spaces
402 Newnan St Carrollton, GA 30117-3111
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-1651285
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1913
Total area
6,091 SF
Lot
0.41 ac (17,860 SF)
Zoning code
OI
APN
C05-004-0003
UPID
US22-1651285
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
-
Commercial Realty Services of West Georgia Real Estate Agency
-
Smith Conerly LLP Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$862k
Blend (final)
Blend
$785k
Owner & transaction history
Elizabeth Joy Williams · 2 yrs held
Elizabeth Joy Williams
since 2024
Last sale
$45,000
7 recorded transactions
Zoning & alternative use
OI · Carrollton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,020,000
Current use
RETAIL STORES
$1,025,000
Change: +1% · Conversion: Easy
AUTO REPAIR, GARAGE
$950,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $45k (Jan 19 2024)
Last sale anchor
$45k
Jan 19 2024
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
$129 / 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
$6,280
Tax year 2023
Assessed value
$215,155
Assessed 2023
Previous assessed
$190,177
+13.1% YoY
Effective rate
2.92%
On assessed value
Assessed land
$38,679
Assessed improvement
$176,476
Land market value
$96,697
Improvement market value
$441,191
Total market value
$537,888
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
1913
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Total area
6,091 SF
Lot
0.41 ac (17,860 SF)
Zoning code
OI
APN
C05-004-0003
UPID
US22-1651285
Jurisdiction
CARROLL
Zoning & alternative use
OI · Carrollton, GA
Zoning OI · permitted uses
OI · 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
$1.0M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$950,000
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
1913
Heating
CENTRAL
Cooling
Yes
Buildings
3
Lot
0.41 ac
Current owner
From public records · entity-resolved
Elizabeth Joy Williams
Individual
Mailing address
402 NEWNAN ST, CARROLLTON, GA 30117-3111
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2024
$45,000
Elizabeth Joy Williams
Nevin Smith Family Partnership LP
Warranty Deed
—
Jan 31, 2020
—
Nevin Smith Family Ptshp LP
—
Deed
related
$722,000 · Heritage Bk
Jun 9, 2009
$200,000
Nevin Smith Family Ptshp
Smith,j Nevin
Grant Deed
$654,643 · J Nevin Smith
Jun 9, 2009
$754,643
Nevin,smith Family Partnership
Smith,j Nevin
Grant Deed
related
$654,643 · J Smith
—
—
J Nevin Smith
—
Deed Of Trust
related
$150,000 · Citizens Bank & Trust Co
—
—
Nevin Smith Family Ptshp LP
—
Deed Of Trust
related
$540,000 · United Community Bank
—
—
Smith Family Partnership LP
—
Loan Modification
related
$65,408 · Bank Of North Georgia
—
—
Nevin Smith Family Ptshp LP
—
Deed Of Trust
related
$722,000 · Heritage Bk
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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