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Property Location

00001 Bill Carruth Parkway, Hiram GA 30141

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List Price $1,600,000

Units 1

Price / Unit $1,600,000

Est. Year 1 Cash Flow $-90,262 after debt service

00001 Bill Carruth Parkway Hiram, GA 30141

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

True potential commercial tract! This 8 Acre parcel has approximately 700’ of frontage on the Bill Carruth Pkwy (W. Hiram By-Pass), as well as limited access from Nebo Rd. This tract is located in the City limits of Hiram and is currently zoned R-4. The adjoining parcel to the East is in Paulding County and is zoned AML (Advanced Manufacturing Logistics District). This adjoining tract is identified as the Silver Comet Industrial Park which is a master planned 128 Acre industrial park. The first project located in the SCIP is a 367,000 SF building which has been leased by Automann Inc. This New Jersey based after market Truck part distributor has located its SE hub right next door to the subject tract and will employ 150 people. There are multiple Class A Manufacturing and Warehouse buildings planned for this adjoining SCIP tract expected to bring 100’s of jobs. All utilities are on site for the subject tract. The two parcels located just across the Pkwy N of the subject tract are zoned B-1 and B-2. There is a possible assemblage with the adjoining parcels to the W. of the subject which could add an additional 3+/- Acres and would yield a total of almost 400’ of frontage on Nebo Rd. as well. Subject is conveniently located less than 3 miles SE of Wellstar Paulding Hospital, 1.5 miles to 4 lane Hwy 92., 10 miles to I-20 Douglasville Exit. Excellent location, incredible visibility, all utilities on site, providing endless opportunities for this tract.

Investment Notes — Hiram

Located in the Hiram, GA area
Value-add opportunities typically exist through management, renovations, or operational improvements
Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
Actual cash flow depends on occupancy, expenses, financing, and current market conditions

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $1,600,000 Verified

 Est. Year 1 Cash Flow  $-90,262  after debt service (25% down / 7% / 30-yr)  Modeled   

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. No rent data in this listing — enter your own rent assumptions below. Override any value to model your own scenario.

Assumptions

Purchase Price List Price

Number of Units

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Annual Gross Potential Income Editable

Enter rent per unit or total GPI to model returns

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

51%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Hiram. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Inquire for Details.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

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Jeff’s Investment Take

Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7723200 · Listing courtesy of Keystone Realty Group, LLC., Pete Ewing · 678-932-2105

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com

FMLS · Updated Daily

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