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    6737 Bill Carruth Pkwy Hiram, GA 30141-2716
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    Property profile & analytics

    6737 Bill Carruth Pkwy, Hiram, GA 30141-2716

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    • Specialty properties
    • 4,532 SF
    • 19.31 lot acres
    Off-Market
    Last Sale Dec 28, 2021
    $51,000,000
    Property ID
    US22-0333524
    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

    • Catalyst of Paulding County - Commercial & Home Pressure Washing / Landscaping / General Contractor
    • Magnolia Commons Apartments / Apartment Complex

    Property Details for 6737 Bill Carruth Pkwy

    Year built
    2002
    Lot size
    19.31 lot acres
    Zone code
    R4
    Property type
    Specialty properties
    APN
    176.3.2.007.0000
    APU
    176320070000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 11, 2022 — Pm Magnolia Commons Hiram LLC — Deed · related $30.6M · Berkadia Commercial Mortgage
    Dec 28, 2021 $51,000,000 Pm Magnolia Commons Hiram LLC Evergreen At Magnolia Commons LLC Warranty Deed —
    Apr 19, 2018 — Evergreen At Magnolia Commons — Deed · related $21.9M · X-caliber Capital Corp
    Aug 13, 2008 — Evergreen Of Magnolia Commons LLC Arbor Coml Mtg LLC Quit Claim Deed · related —
    Sep 23, 2005 — Evergreen Of Magnolia Commons LLC Magnolia Commons Quit Claim Deed · related —
    Sep 23, 2005 $13,970,572 Evergreen Of Magnolia Commons LLC Magnolia Commons Grant Deed · related —
    — — Evergreen Of Magnolia Commons LLC — Loan Modification · related $12.4M · Federal Home Loan Mortgage Cor
    — — Evergreen Of Magnolia Commons LLC — Deed Of Trust · related $12.4M · Deutsche Bank Berkshire Mtg
    — — Evergreen At Magnolia Commons — Deed Of Trust · related $21.9M · X-caliber Capital Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $49,645,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hiram
    County
    Paulding
    State
    Georgia
    Longitude
    -84.7363
    Latitude
    33.8824
    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
    $373,667
    $463,440
    $7,354,520
    $7,817,960
    -
    $1,158,600
    $18,386,300
    $19,544,900

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    Similar Nearby for Sale

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      149,760 SF

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      Land available for sale in Hiram, Georgia.
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    • $858,000

      Freestanding Dollar General Store

      Single tenant Dollar General with strong demographics and high traffic.
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      Prime Development Land in Hiram

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      3,726 SF

      Hiram Retail Space For Sale

      Retail space in dense corridor with scheduled rental increases.
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      Prime Land Parcel For Development

      4-acre parcel with potential for commercial development and assemblage.
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    Similar Nearby for Lease

    • Contact for pricing

      Office, Restaurant, Medical Space Available

      Leasable space near Wellstar Paulding Hospital and major retailers.
      4374 Atlanta Hwy, Hiram, GA 30141
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      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      4525 Jimmy Lee Smith Pkwy, Hiram, GA 30141
      View Details
    • New
      $1,200 /Mo
      1,296 SF

      Executive Office Suite with Reception

      Executive suite with reception, four offices, kitchenette, and restroom, positioned on a busy highway.
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      Retail Space For Lease

      Retail space available for lease in Hiram, Georgia.
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      Hiram Retail Shopping Center Space

      17,000 sq. ft. shopping center on main thoroughfare.
      45 Enterprise Path, Hiram, GA 30141
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    • Contact for pricing

      Hiram Restaurant Space For Lease

      Former restaurant space in Hiram's retail hub, available for lease.
      140 Depot Dr, Hiram, GA 30141
      View Details
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    Hiram, GA 30141-2716
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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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