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    8020 Cumming Hwy Canton, GA 30115
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    Property profile & analytics

    8020 Cumming Hwy Canton, GA 30115

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    • Grocery and convenience stores
    • 49,740 SF
    • 10.20 lot acres
    For Lease
    $1,550,000
    View Listing →
    Retail Property for Lease For Lease
    $1,550,000

    Retail Property for Lease

    Retail property available for lease.

    8020 Cumming Hwy, Canton, GA 30115
    View Listing
    Property ID
    US22-4711986
    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
    $1,550,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 8020 Cumming Hwy

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.20 lot acres
    Property size
    49,740 SF
    Zone code
    GC
    Property type
    Grocery and convenience stores
    APN
    03N10 114 C
    APU
    03N10114C

    Description

    This exceptional 85,639 square foot Kroger-anchored shopping center presents a prime retail leasing opportunity. Located at the signalized intersection of Cumming Highway (Highway 20) and East Cherokee Drive, this property boasts high visibility and accessibility. The center benefits from a strategic location, just half a mile west of the expansive 150-acre Cherokee Veterans Park, and less than two miles from the prestigious Woodmont Golf and Country Club. Currently, there is 1,600 square feet of vacant retail space available, ideal for a variety of businesses. The property features multiple access points, ensuring convenient ingress and egress for customers and employees. This well-established shopping center offers a strong tenant mix and significant foot traffic, making it an attractive investment for businesses seeking a thriving retail environment in Cherokee County. The available space provides an excellent opportunity to establish a presence in a high-traffic area with strong community ties. The combination of a prominent location, a Kroger anchor tenant, and ample parking makes this retail space a highly desirable option.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,170,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,923,000
      Market price range: $562k - $2.20M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,335,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.3583
    Latitude
    34.253
    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
    $90,122
    $1,224,000
    $2,204,924
    $3,428,924
    -
    $3,060,000
    $5,512,310
    $8,572,310

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      2852 Cumming Hwy

      CONVENIENCE STORE • 2,400 SF
      2852 Cumming Hwy, Canton, GA 30115-2104
      View Details
    • Value Estimation by Request
      5,978 SF

      1885 Hickory Flt Hwy

      CONVENIENCE STORE • 5,978 SF
      1885 Hickory Flt Hwy, Canton, GA 30115-1322
      View Details
    • Value Estimation
      $1,035,000
      6,042 SF

      2115 Cumming Hwy

      CONVENIENCE STORE • 6,042 SF
      2115 Cumming Hwy, Canton, GA 30115-8074
      View Details
    • Value Estimation by Request
      3,929 SF

      6135 Cherokee Dr

      CONVENIENCE STORE • 3,929 SF
      6135 Cherokee Dr, Canton, GA 30115
      View Details
    • Value Estimation
      $985,000
      6,148 SF

      443 Olde Rope Ml Park Rd

      CONVENIENCE STORE • 6,148 SF
      443 Olde Rope Ml Park Rd, Canton, GA 30115
      View Details
    • Value Estimation by Request
      2,600 SF

      5963 Un Hl Rd

      CONVENIENCE STORE • 2,600 SF
      5963 Un Hl Rd, Canton, GA 30115-6802
      View Details

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      19,350 SF

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      Fully occupied shopping center with gas station in growing Canton.
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      Retail Space Near Walmart

      Retail space with high visibility near major traffic generators.
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      Retail Space at High-Traffic Intersection

      Retail property at a busy intersection with ample parking.
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      Modern Retail and Restaurant Spaces

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      Updated Building on Highway 20

      Updated 4,300 SF building suitable for medical, office, or retail.
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      Retail Space in Holly Springs

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      2210 Holly Springs Pkwy, Holly Springs, GA 30115
      View Details
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    Canton, GA 30115
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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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    8020 Cumming Hwy, Canton, GA, 30115
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