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    Old Airport Rd Carrollton, GA 30116
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    Old Airport Rd Carrollton, GA 30116

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    • Commercial real estate
    • 53.26 lot acres
    For Sale
    $750,000
    View Listing →
    Carrollton Land For Sale For Sale
    $750,000
    2.00 Acres

    Carrollton Land For Sale

    2 +/- acres of unimproved land in Carrollton, GA.

    Old Airport Road, Carrollton, GA 30116
    View Listing
    Property ID
    US22-1380991
    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

    • Commercial real estate

    Property Details for Old Airport Rd

    Lot size
    53.26 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 53.26-acre parcel of raw land presents a unique opportunity for industrial development in Carroll County, Georgia. Located at 774 Old Airport Rd, Carrollton, GA 30116, this property boasts an M2 zoning designation within the City of Carrollton. The expansive lot offers approximately 532 feet of frontage and a depth of approximately 3,439 feet, providing ample space for a variety of industrial projects. Convenient access to essential utilities is ensured with readily available water and sewer services. This strategically located site offers significant potential for businesses seeking a substantial landholding in a thriving area. The property's size and zoning make it ideal for various industrial uses, subject to city approvals. Detailed site plans and further information are available upon request. Serious inquiries only. Contact us to discuss pricing and explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Carroll
    State
    Georgia
    Longitude
    -85.024211
    Latitude
    33.607478

    Comparable in this City

    • $550,000
      12.13 Acres

      12 Acre Development Tract

      12 acre tract suitable for retail or storage development.
      Heath Rd, Carrollton, GA 30116
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    • $550,000
      12.00 Acres

      12 Acre Development Tract

      12 acres suitable for retail, convenience store, or storage.
      Heath Rd, Carrollton, GA 30116
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    • $550,000
      12.13 Acres

      12 Acres Development Opportunity

      12 acre tract suitable for retail or storage development.
      Heath Rd, Carrollton, GA 30116
      View Details
    • $850,000
      15,000 SF

      Carrollton Office/Warehouse Suites For Sale

      Twelve office/warehouse suites in Carrollton, GA, available for purchase.
      251 Prism Dr, Carrollton, GA 30116
      View Details
    • Contact for pricing

      Retail Center Pads Ready to Build

      Developed retail pads in high-traffic area with utilities on site.
      81 Kilgore Rd, Carrollton, GA 30116
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      Commercial Land on Bankhead Highway

      Commercial land with significant road frontage and high traffic.
      1602-1624 Bankhead Hwy, Carrollton, GA 30116
      View Details

    Similar Nearby for Sale

    • $550,000
      12.13 Acres

      12 Acres Development Opportunity

      12 acre tract suitable for retail or storage development.
      Heath Rd, Carrollton, GA 30116
      View Details
    • $550,000
      12.00 Acres

      12 Acre Development Tract

      12 acres suitable for retail, convenience store, or storage.
      Heath Rd, Carrollton, GA 30116
      View Details
    • $550,000
      12.13 Acres

      12 Acre Development Tract

      12 acre tract suitable for retail or storage development.
      Heath Rd, Carrollton, GA 30116
      View Details
    • $850,000
      15,000 SF

      Carrollton Office/Warehouse Suites For Sale

      Twelve office/warehouse suites in Carrollton, GA, available for purchase.
      251 Prism Dr, Carrollton, GA 30116
      View Details
    • Contact for pricing

      Retail Center Pads Ready to Build

      Developed retail pads in high-traffic area with utilities on site.
      81 Kilgore Rd, Carrollton, GA 30116
      View Details
    • Contact for pricing

      Commercial Land on Bankhead Highway

      Commercial land with significant road frontage and high traffic.
      1602-1624 Bankhead Hwy, Carrollton, GA 30116
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      756 SF

      Mixed-Use Facility with Leased Warehouses

      Mixed-use facility featuring leased warehouses and an office building.
      173-175 Kilgore Rd, Carrollton, GA 30116
      View Details
    • Contact for pricing

      Mixed-Use Facility with Leased Warehouses

      Mixed-use facility featuring leased warehouses and office spaces for rent.
      173 Kilgore Rd, Carrollton, GA 30116
      View Details
    View Listing
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    Carrollton, GA 30116
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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.

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