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    550 Old Ml Rd Cartersville, GA 30120-8428
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    Property profile & analytics

    550 Old Ml Rd, Cartersville, GA 30120-8428

    View on Map
    • Warehouses
    • 18,730 SF
    • 5.40 lot acres
    Off-Market
    Property ID
    US22-1504425
    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
    $875,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 550 Old Ml Rd

    Year built
    1996
    Lot size
    5.40 lot acres
    Zone code
    IN
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    C036-0004-004
    APU
    C0360004004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 23, 2013 — Storage Town LLC Mcdaniel,jack Quit Claim Deed · related —
    Jan 23, 2013 $1,460,000 Mcb Storage LLC Storage Town LLC Warranty Deed · related $1.5M · Renasant Bank
    Sep 9, 2009 — American Storage LLC Mcdaniel,galen & Kory Warranty Deed · related —
    Aug 23, 2004 — Galen Mcdaniel Storage Town LLC Warranty Deed $740k · Crescent Bank & Trust Co
    Jul 13, 2004 — Galen Mcdaniel — Trustees Deed · related $350k · Crescent Bank Cartersville
    — — Galen Mcdaniel — Deed Of Trust · related $350k · Sun American Bank
    — — Shelley Galen Mcdaniel — Deed Of Trust · related $350k · Crescent Bank & Trust Co
    — — Galen Mcdaniel — Deed Of Trust · related $152k · United Bank
    — — American Storage LLC — Loan Modification · related $1.5M · Crescent Bank & Trust Co
    — — American Storage LLC — Loan Modification · related $1.5M · Crescent Bank & Trust Co
    — — Galen Mcdaniel — Loan Modification · related $299k · Crescent Bank Cartersville
    — — Shelley G Mcdaniel — Loan Modification · related $295k · Crescent Bank Cartersville

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,445,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cartersville
    County
    Bartow
    State
    Georgia
    Longitude
    -84.8272
    Latitude
    34.1483
    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
    $28,180
    $324,000
    $835,659
    $1,159,659
    -
    $810,000
    $2,089,147
    $2,899,147

    Comparable in this City

    • Value Estimation
      $600,000
      3,091 SF

      405 Old Ml Rd

      MINI-WAREHOUSE, STORAGE
      405 Old Ml Rd, Cartersville, GA 30120-4037
      View Details
    • Value Estimation
      $960,000
      30,672 SF

      1976 Joe Frank Harris NW Pkwy

      MINI-WAREHOUSE, STORAGE
      1976 Joe Frank Harris NW Pkwy, Cartersville, GA 30120-4841
      View Details
    • Value Estimation by Request
      3,840 SF

      803 Burnt Hickory SE Rd

      MINI-WAREHOUSE, STORAGE
      803 Burnt Hickory SE Rd, Cartersville, GA 30120-5434
      View Details
    • Value Estimation by Request
      2,000 SF

      40 Rd 2nd Ssw

      MINI-WAREHOUSE, STORAGE
      40 Rd 2nd Ssw, Cartersville, GA 30120-5733
      View Details
    • Value Estimation
      $1,475,000
      2,500 SF

      30 Brown Farm SW Rd

      MINI-WAREHOUSE, STORAGE
      30 Brown Farm SW Rd, Cartersville, GA 30120-6322
      View Details
    • Value Estimation
      $555,000
      20,800 SF

      269 Cassville Rd

      MINI-WAREHOUSE, STORAGE
      269 Cassville Rd, Cartersville, GA 30120-2541
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Space Near Interstate 75

      59,192 SF industrial space with dock doors and trailer parking.
      100 Riverpoint Rd, Cartersville, GA 30120
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    • Contact for pricing

      Industrial Space in Cartersville, GA

      Available industrial space with dock doors and ample parking.
      100 Riverpoint Rd, Cartersville, GA 30120
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      Cartersville Storage Facility for Sale

      Storage facility available for purchase in Cartersville, Georgia.
      1790 West Ave, Cartersville, GA 30120
      View Details
    • Contact for pricing

      Cartersville Industrial Property Available

      158,500 SF industrial property in Cartersville, Georgia.
      220 River Dr, Cartersville, GA 30120
      View Details
    • $70,000
      0.48 Acres

      Residential Lot in Carter Grove

      Ready-to-build 0.48-acre lot in established Cartersville community.
      25 Greencliff Way SE, Cartersville, GA 30120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      379,855 SF

      Cartersville Warehouse with 36' Clearance

      379,855 SF warehouse with rear loading and high clearance.
      205 Highway 293 SE, Cartersville, GA 30120
      View Details
    • Contact for pricing

      Office/Warehouse Building Near Highways

      Multi-tenant office and warehouse spaces, convenient highway access.
      220 River Dr, Cartersville, GA 30120
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    • Contact for pricing

      Renovated Warehouse/Distribution Space Available

      76,050 SF renovated warehouse/distribution space with office and rail access.
      707 South Erwin St, Cartersville, GA 30120
      View Details
    • Contact for pricing
      7,588 SF

      Office and Land For Rent

      Office space and land available for lease.
      10 River Ct Southwest, Cartersville, GA 30120
      View Details
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    Cartersville, GA 30120-8428
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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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    550 Old Ml Rd, Cartersville, GA, 30120
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