Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    416 Grassdale Rd, Unit 8 Cartersville, GA 30121-7839

    • Commercial real estate
    • 24,000 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $2,250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1923797
    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 416 Grassdale Rd

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    1.00 lot acres
    Property size
    24,000 SF
    Property type
    Commercial real estate
    APN
    C088-0001-030
    APU
    C0880001030

    Description

    This exceptional turnkey retail opportunity presents a chance to acquire the established Grassdale Cleaners, a thriving dry cleaning business located at 416 Grassdale Rd, Cartersville, GA 30121. Operating successfully for 22 years under the same ownership, this business boasts a loyal clientele and is one of the few remaining dry cleaners in the Cartersville area. The sale includes all operating equipment and existing inventory, allowing for a seamless transition for the new owner. The business currently generates gross annual sales exceeding $200,000, with significant potential for increased profit margins due to currently below-market pricing. The property itself is classified as a Class B storefront, offering 100% occupancy. This is an owner/user investment opportunity priced at $489,000. The prime location in Bartow County, Georgia offers excellent value and significant upside potential. This is a rare chance to acquire a well-established, profitable business with a strong foundation for continued growth and success. The business is ready for immediate operation, offering a unique blend of established clientele and growth potential. This is a truly exceptional opportunity for an experienced entrepreneur or investor seeking a stable and profitable venture in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,683,000
      Market price range: $2.68M - $10.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cartersville
    County
    Bartow
    State
    Georgia
    Longitude
    -84.8197
    Latitude
    34.2093
    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
    2023
    $10,226
    $120,000
    $300,818
    $420,818
    -
    $300,000
    $752,046
    $1,052,046

    Comparable in this City

    • Value Estimation by Request
      375,067 SF

      103 Market Place Blvd

      Retail properties • 375,067 SF
      103 Market Place Blvd, Cartersville, GA 30121
      View Details
    • Value Estimation by Request
      2.60 Acres

      977 Highway 293

      Land • 2.60 Acres
      977 Highway 293, Cartersville, GA 30121
      View Details
    • Value Estimation by Request
      2.96 Acres

      00 Highway 20

      Commercial real estate • 2.96 Acres
      00 Highway 20, Cartersville, GA 30121
      View Details
    • Value Estimation
      $5,825,000
      35,828 SF

      981 Cassville White NE Rd

      COMMERCIAL (GENERAL) • 35,828 SF
      981 Cassville White NE Rd, Cartersville, GA 30121-7204
      View Details
    • Value Estimation
      $20,695,000
      194,368 SF

      110 Cherokee Pl

      COMMERCIAL (GENERAL) • 194,368 SF
      110 Cherokee Pl, Cartersville, GA 30121-2954
      View Details
    • Value Estimation
      $17,465,000
      123,522 SF

      125 Main St Market SE Pl

      COMMERCIAL (GENERAL) • 123,522 SF
      125 Main St Market SE Pl, Cartersville, GA 30121-3307
      View Details

    Similar Nearby for Sale

    • $229,000
      2.96 Acres

      Highway 20 Commercial Land

      Prime Cartersville acreage, I-75 proximity.
      00 Highway 20, Cartersville, GA 30121
      View Details
    • $340,000
      2.60 Acres

      Cartersville Commercial Land - 2.6 Acres

      Prime 2.6-acre lot, dual zoning potential.
      977 Highway 293, Cartersville, GA 30121
      View Details
    • $10,725,000
      155.00 Acres

      Red Top Mountain Commercial Land

      155± Acres, Prime Location, Mixed-Use
      I-75 & Red Top Mtn Rd, Cartersville, GA 30121
      View Details
    • $450,000
      5.00 Acres

      Cartersville Industrial Land Investment

      5-acre lot, 10 buildings, high growth area.
      1008 Highway 293, Cartersville, GA 30121
      View Details
    • $125,000
      4.07 Acres

      Cartersville Land Investment Opportunity

      4.07 Acres, Multi-Family Potential
      100 Valley View Dr, Cartersville, GA 30121
      View Details
    • $125,000
      4.07 Acres

      Cartersville Commercial Land

      4.07 acres, R-2 zoned, high potential.
      100 Valley View Dr, Cartersville, GA 30121
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      375,067 SF

      Bartow Marketplace Retail Space

      Cartersville, GA: 1,200 SF Retail Space Available
      103 Market Place Blvd, Cartersville, GA 30121
      View Details
    • $16 SF/Yr
      92,072 SF

      Cartersville Crossing Retail Space

      Prime Retail Space, NW Atlanta
      407 Main St, Cartersville, GA 30121
      View Details
    • $26 SF/Yr
      3,400 SF

      Medical Office Space Near Hospital

      7,200 SF medical office space across from Piedmont Cartersville.
      9 Medical Dr NE, Cartersville, GA 30121
      View Details
    • Contact for pricing
      51,952 SF

      Cartersville Warehouse Space Available

      51,952 SF rear-load facility with ample parking.
      1200 Cassville White Rd, Cartersville, GA 30121
      View Details
    • Contact for pricing
      200,000 SF

      Cartersville Warehouse with Food Grade

      200,000 SF warehouse with food grade capabilities available for lease.
      50 Kent Dr NW, Cartersville, GA 30121
      View Details
    • Contact for pricing

      Land Near LakePoint Sports Destination

      Development opportunity near LakePoint with high traffic and income.
      285 Stars Way, Emerson, GA 30121
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    416 Grassdale Rd, Unit 8
    Cartersville, GA 30121-7839
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.