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    8664 Cumming Hwy Canton, GA 30115

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    8664 Cumming Hwy Canton, GA 30115

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    • Churches & religious facilities
    • 7.80 lot acres
    Off-Market
    Property ID
    US22-4580878
    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

    • Churches & religious facilities

    Property Details for 8664 Cumming Hwy

    Year built
    1920
    Lot size
    7.80 lot acres
    Property type
    Churches & religious facilities

    Description

    This exceptional 7.8-acre commercial land parcel in Canton, Georgia, presents a unique development opportunity. Located at 8664 Cumming Highway, this mostly level and cleared property boasts significant road frontage and is ideally situated just 0.6 miles from the Kroger plaza at East Cherokee Drive and Highway 20, ensuring high visibility and accessibility. Originally built in 1920, the site currently has no buildings. Cherokee County Planning and Zoning has indicated the land is suitable for a variety of uses, including residential development (minimum 0.5-acre lots) and a mix of higher-intensity uses such as office spaces, shops, service businesses, and plazas. Potential uses include grocery stores, drugstores, restaurants, shops, personal services (dry cleaners, auto repair), professional services (churches, schools), and various residential options, including senior housing. The property comprises two parcels, totaling approximately 7.8 acres. Note that two existing houses and approximately 0.9 acres of land associated with them are being acquired by the Department of Transportation

    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
    Canton
    County
    Cherokee - GA
    State
    Georgia
    Longitude
    -84.3483276
    Latitude
    34.253912

    Comparable in this City

    • $950,000
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      Canton Commercial Property on 3.5 Acres

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    • $649,900
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      Prime Land on Cumming Highway

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    • $350,000
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      Specialty Property for Sale

      Specialty property available for purchase.
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    Similar Nearby for Sale

    • $950,000
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      Canton Commercial Property on 3.5 Acres

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      View Details
    • $1,200,000
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      Canton Commercial Building For Sale

      9800 sq ft building with expansion potential near Hwy.
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    • $649,900
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      Prime Land on Cumming Highway

      2.24-acre property with high visibility and commercial potential.
      3823 Cumming Hwy, Canton, GA 30115
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    • $350,000
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      Canton, GA Commercial Investment

      1+ acre commercial land with income-producing mobile home.
      2939 Hickory Flat Hwy, Canton, GA 30115
      View Details
    • Contact for pricing

      Specialty Property for Sale

      Specialty property available for purchase.
      1515 Hickory Rd, Canton, GA 30115
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr

      Modern Retail and Restaurant Spaces

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      Canton Commercial Space For Rent

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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

      Retail space in Walmart shadow center near Holly Springs Town Center.
      2210 Holly Springs Pkwy, Holly Springs, GA 30115
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      Retail Property for Lease

      Retail property available for lease.
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      Retail Space in Publix-Anchored Center

      Retail spaces available in a Publix-anchored shopping center.
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    8664 Cumming Hwy
    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.

    More about this property
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