End-Unit Professional Office
For Sale
$625,000
1675 Cumberland Parkway, Smyrna, GA 30080
Commercial Sale, Smyrna, GA
Property Size1,499 SF
Lot Size0.03 Acres
Price / SF$416.94
Days on Market150
Property Features for 1675 Cumberland Parkway
General Information
Property type
Residential
Property subtype
Office
Zoning
UVC
Parking
100
Parking features
Parking Lot
Window features
Insulated Windows
Interior features
Beamed Ceilings, High Ceilings 10 or Greater, Reception Area, Recessed Lighting, Restrooms
Lot features
Corner Lot, Level, Private, Shopping Center
View
City
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
17074700450
Size
1,499 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6073
Utilities
Utilities
Cable Available
Heating system
Electric (Heating), Zoned
Cooling system
Ceiling Fan(s), Electric, Zoned
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Flooring type
Hardwood, Vinyl
Building materials
Brick, Concrete
Listing Agency:
HomeSmart · HomeSmart International
(404) 876-4901
Listed By:
Lila Basco
(404) 783-1644
Added: Apr 20
Changed: Sep 12
Last Checked: Sep 16 at 5:06PM
MLS# 7755790
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.
Unit 206 is a 1,499-square-foot end-unit office suite within the Ivy Walk mixed-use community. The 2004 property includes a reception area, restrooms, beamed ceilings, ceilings of 10 feet or greater, recessed lighting, vinyl and hardwood flooring, and zoned electric heating and cooling. Brick and concrete construction, a parking lot, public water, and cable availability are also provided.
The property is located at 1675 Cumberland Parkway in Smyrna, at the corner of South Atlanta Road and Cumberland Parkway, with access to I-285. Ivy Walk includes retail and dining destinations such as First Watch, Muss & Turner's, and South City Kitchen. The suite is currently occupied, and the lease was recently renewed for five years. Zoning is UVC.
The property is located at 1675 Cumberland Parkway in Smyrna, at the corner of South Atlanta Road and Cumberland Parkway, with access to I-285. Ivy Walk includes retail and dining destinations such as First Watch, Muss & Turner's, and South City Kitchen. The suite is currently occupied, and the lease was recently renewed for five years. Zoning is UVC.
Key Highlights
- 1,499‑square‑foot Unit 206 office suite
- End‑unit layout with reception area and restrooms
- Recently renewed 5‑year lease; currently tenant‑occupied
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
$20,073
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
3.21%
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%
$401,460
$401.5K
Cap Rate 7%
$286,757
$286.8K
Cap Rate 9%
$223,033
$223.0K
Market Conditions
NOI Build-Up for 1,499 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
$35.8K $23.87/SF
− Vacancy
−$9.0K −$6.02/SF
EGI
$26.8K $17.85/SF
− OpEx
−$6.7K −$4.46/SF
NOI
$20.1K $13.39/SF
Area
Cobb County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$401,460
Cap Rate 7%
$286,757
Cap Rate 9%
$223,033
Alternative Uses
Best Use
Office B
$286.8K
$250.9K – $334.6K
NOI $20,073 @ 7.0% cap · market cap 3.21%
Second Best
Mixed Use
$282.7K
$247.3K – $329.8K
NOI $19,787 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$420.9K
$368.3K – $491.1K
NOI $29,464 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Tenant-occupied office suite with a renewed five-year lease in a mixed-use community with retail and dining.
Where is this office units located?
The property is located at 1675 Cumberland Parkway Smyrna, GA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,499‑square‑foot Unit 206 office suite; End‑unit layout with reception area and restrooms; Recently renewed 5‑year lease; currently tenant‑occupied
