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    Property profile & analytics

    515 Brown Industrial Pkwy Canton, GA 30114-8013

    • Industrial properties
    • 48,252 SF
    • 3.50 lot acres
    OFF-MARKET
    Last Sale
    Nov 23, 2021
    $9,720,000
    Value Estimations
    $9,440,000
    Show details
    Cap Rate Potential
    2.6%
    Industrial properties
    Location Intelligence
    Property ID
    US22-1024578
    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

    • Industrial properties

    Property Details for 515 Brown Industrial Pkwy

    Year built
    1992
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.50 lot acres
    Property size
    48,252 SF
    Zone code
    LI
    Property type
    Industrial properties
    APN
    14N23 016
    APU
    14N23016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,250,000
      ML approach
      $11,270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,797,000
      Market price range: $4.22M - $9.47M
      AI Estimate
      $6,893,000
      Market price range: $1.22M - $7.98M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,875,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $15,335,000
      Change: +161% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,385,000
      Change: +60% Conversion: Difficult
      OFFICE BUILDING
      $9,085,000
      Change: +55% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,625,000
      Change: +30% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.4748
    Latitude
    34.2461
    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
    2024
    $47,517
    $280,000
    $1,380,092
    $1,660,092
    -
    $700,000
    $3,450,230
    $4,150,230

    Comparable in this City

    • Value Estimation by Request
      14.26 Acres

      3953 Ball Ground Hwy

      Land • 14.26 Acres
      3953 Ball Ground Hwy, Canton, GA 30114
      View Details
    • Value Estimation by Request
      1,200 SF

      4023 Ball Ground Hwy

      CONDOMINIUMS (INDUSTRIAL) • 1,200 SF
      4023 Ball Ground Hwy, Canton, GA 30114-7317
      View Details
    • Value Estimation
      $800,000
      4,596 SF

      447 Hickory Flt Hwy

      INDUSTRIAL (GENERAL) • 4,596 SF
      447 Hickory Flt Hwy, Canton, GA 30114
      View Details
    • Value Estimation
      $5,160,000
      47,364 SF

      495 Brown Industrial Pkwy

      INDUSTRIAL (GENERAL) • 47,364 SF
      495 Brown Industrial Pkwy, Canton, GA 30114-8011
      View Details
    • Value Estimation by Request
      1,800 SF

      4019 Ball Ground Hwy

      CONDOMINIUMS (INDUSTRIAL) • 1,800 SF
      4019 Ball Ground Hwy, Canton, GA 30114-7315
      View Details
    • Value Estimation by Request
      1,491 SF

      222 Brown Industrial Pkwy

      INDUSTRIAL (GENERAL) • 1,491 SF
      222 Brown Industrial Pkwy, Canton, GA 30114-8070
      View Details

    Similar Nearby for Sale

    • $4,206,700
      14.26 Acres

      Canton Industrial Land Investment

      14 Acres, Prime Canton Location
      3953 Ball Ground Hwy, Canton, GA 30114
      View Details
    • $2,200,000

      Canton Commercial Land - Prime Location

      1.34 Acres, $2.2M Asking Price
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      View Details
    • $2,750,000
      50.62 Acres

      Canton Commercial Land - 50 Acres

      Prime development site, high traffic, $2.75M
      0 Knox Bridge Hwy, Canton, GA 30114
      View Details
    • $1,714,950

      Cherokee County Commercial Acres

      38.11 +/- acres ready for development in Cherokee County, GA.
      3869 Lower Burris Rd, Holly Springs, GA 30114
      View Details
    • $99,900
      2.20 Acres

      Land Ready to Build

      2.2 acres in Canton, GA, ready for construction.
      4441 Fincher Rd, Canton, GA 30114
      View Details
    • $1,999,900
      3.80 Acres

      Canton Commercial Land Opportunity

      3.8 acre corner parcel zoned General Commercial in Canton, GA.
      9479 Knox Bridge Hwy, Canton, GA 30114
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,100 SF

      Canton Restaurant - Turnkey Opportunity

      Prime Canton location, 6,100 sq ft, fully vacant.
      190 Main St, Canton, GA 30114
      View Details
    • $15 SF/Yr
      32,500 SF

      Riverstone Mill II Office Suites

      Canton, GA Office Space Available
      535 Riverstone Pkwy, Canton, GA 30114
      View Details
    • $48 SF/Yr
      100 SF

      Canton Office Space for Lease

      Private Office, 100 sq ft, $385/month
      3395 Sixes Rd, Canton, GA 30114
      View Details
    • $20 SF/Yr
      43,350 SF

      Riverstone Mill Retail Space

      Canton, GA retail space for lease.
      557 Riverstone Pkwy, Canton, GA 30114
      View Details
    • $4,500 /Mo
      15,682 SF

      Retail Space in Canton, GA

      Well-maintained retail space near downtown Canton with easy access.
      100 Hospital Rd, Canton, GA 30114
      View Details
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    Canton, GA 30114-8013
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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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