Mixed-Use Condo with Open
For Sale
$1,240,000
1675 Cumberland Parkway SE, Smyrna, GA 30080
Commercial Sale, Smyrna, GA
Property Size2,753 SF
Lot Size0.03 Acres
Price / SF$450.42
Days on Market317
Property Features for 1675 Cumberland Parkway SE
General Information
Property type
Residential
Property subtype
Office
Zoning
UVC
Parking
100
Parking features
Parking Lot, On Street
Window features
Display Window(s), Insulated Windows
Interior features
Beamed Ceilings, High Ceilings 10 or Greater, Reception Area, Recessed Lighting, Restrooms
Accessibility
Accessible Approach with Ramp
Lot features
Level, Shopping Center
Directions
Ivy Walk is located 1 Mile North of I-285 at the intersection of South Atlanta Road and Cumberland Parkway. GPS friendly.
Standard status
Active
APN
17074702300
Size
2,753 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5122
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Zoned
Cooling system
Ceiling Fan(s), Electric, Zoned, Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Flooring type
Tile - Ceramic, Vinyl
Building materials
Brick Front, Concrete
Listing Agency:
HomeSmart · HomeSmart International
(404) 876-4901
Listed By:
Lila Basco
(404) 876-4901
Added: Oct 12, 2025
Changed: Aug 19
Last Checked: Aug 24 at 7:06AM
MLS# 7664600
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Units 202 and 203 comprise approximately 2,753 square feet within a mixed-use condominium property built in 2004. The interior includes an open studio area, reception space, restrooms, ceramic tile and vinyl flooring, beamed ceilings, and ceiling heights of 10 feet or greater. Three exterior entrances support separate access points and potential space division. Brick-front and concrete construction, zoned electric heating and cooling, and an accessible ramp are also in place. The property is currently occupied by a yoga studio tenant, and the sale is subject to the existing lease.
The property is located at 1675 Cumberland Parkway SE in Smyrna, within the Ivy Walk mixed-use development near the intersection of South Atlanta Road and Cumberland Parkway. I-285 is approximately 1 mile away. Public water and sewer serve the property, with parking available in a lot and on the street. Nearby context includes WellStar and Northside medical facilities, dining establishments, and other mixed-use activity.
The property is located at 1675 Cumberland Parkway SE in Smyrna, within the Ivy Walk mixed-use development near the intersection of South Atlanta Road and Cumberland Parkway. I-285 is approximately 1 mile away. Public water and sewer serve the property, with parking available in a lot and on the street. Nearby context includes WellStar and Northside medical facilities, dining establishments, and other mixed-use activity.
Key Highlights
- Approximately 2,753 SF across connected Units 202 and 203
- Three exterior entrances provide separate access options
- Existing yoga studio tenant; sale subject to the current lease
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,722
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$774,440
$774.4K
Cap Rate 7%
$553,171
$553.2K
Cap Rate 9%
$430,244
$430.2K
Market Conditions
NOI Build-Up for 2,753 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.5K $21.96/SF
− Vacancy
−$5.1K −$1.87/SF
EGI
$55.3K $20.09/SF
− OpEx
−$16.6K −$6.03/SF
NOI
$38.7K $14.07/SF
Area
Cobb County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$774,440
Cap Rate 7%
$553,171
Cap Rate 9%
$430,244
Alternative Uses
Best Use
Retail
$553.2K
$484.0K – $645.4K
NOI $38,722 @ 7.0% cap · market cap 3.12%
Second Best
Office B
$526.7K
$460.8K – $614.4K
NOI $36,866 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$773.0K
$676.4K – $901.9K
NOI $54,113 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 30080, GA
52,125
Population
27,081
Households
1.9
Avg Household Size
35
Median Age
58%
College-Educated
94%
High-School Grad
12.6 sq mi
ZIP Area
4,137
Density / Sq Mi
$87,949
Median Household Income
$59,267
Median Earnings
$1,660
Median Rent
$409,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two connected commercial units offer flexible access, tenant separation, and an established studio occupancy.
Where is this mixed-use property located?
The property is located at 1675 Cumberland Parkway SE Smyrna, GA.
What is the asking price?
The asking price for this property is $1,240,000.
What are key features of this property?
This property features: Approximately 2,753 SF across connected Units 202 and 203; Three exterior entrances provide separate access options; Existing yoga studio tenant; sale subject to the current lease
