Historic Multi-Tenant Office
For Sale
$895,000
236 Washington Avenue NE, Marietta, GA 30060
Commercial Sale, Marietta, GA
Property Size2,683 SF
Lot Size0.34 Acres
Price / SF$333.58
Days on Market153
Property Features for 236 Washington Avenue NE
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Lot features
Interior Lot
Directions
Use GPS
Standard status
Active
APN
16121700680
Size
2,683 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
10033
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
rocking chair front porch
full kitchen
common area sitting room
Building Details
Year built
1900
Building materials
Frame
Listing Agency:
Atlanta Communities
(770) 240-2004
Listed By:
Geoffrey Nagy
(770) 624-4562
Added: Apr 3
Changed: Aug 19
Last Checked: Sep 2 at 7:06AM
MLS# 10730919
Copyright © 2026 Georgia Multiple Listing Service. 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.
Built in 1900, this 2,683-square-foot frame office building is configured for multi-tenant professional use. The layout includes six private offices, an administrative office, a shared sitting area, two restrooms, and a full kitchen. Central heating and central air support the building, while a newer roof and a rear parking lot add practical value. A front rocking-chair porch preserves the property's residential character.
The building is located at 236 Washington Avenue NE in Marietta, less than one mile from Historic Marietta Square and Cobb County government buildings, with I-75 approximately two miles away. Public water and public sewer serve the property, and cable is available. The current office configuration and existing attorney tenancy provide an established professional setting for continued office use.
The building is located at 236 Washington Avenue NE in Marietta, less than one mile from Historic Marietta Square and Cobb County government buildings, with I-75 approximately two miles away. Public water and public sewer serve the property, and cable is available. The current office configuration and existing attorney tenancy provide an established professional setting for continued office use.
Key Highlights
- 2,683‑square‑foot office building constructed in 1900
- Six private offices plus an administrative office, common sitting area, two restrooms, and full kitchen
- Fully occupied by individual attorney tenants
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
$35,928
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
4.01%
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%
$718,560
$718.6K
Cap Rate 7%
$513,257
$513.3K
Cap Rate 9%
$399,200
$399.2K
Market Conditions
NOI Build-Up for 2,683 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
$64.0K $23.87/SF
− Vacancy
−$16.1K −$6.02/SF
EGI
$47.9K $17.85/SF
− OpEx
−$12.0K −$4.46/SF
NOI
$35.9K $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%
$718,560
Cap Rate 7%
$513,257
Cap Rate 9%
$399,200
Alternative Uses
Best Use
Office B
$513.3K
$449.1K – $598.8K
NOI $35,928 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$753.4K
$659.2K – $879.0K
NOI $52,737 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,798
Businesses Nearby
Explore this area
Business Placement
Demographics for 30060, GA
39,890
Population
15,036
Households
2.7
Avg Household Size
32
Median Age
29%
College-Educated
79%
High-School Grad
15.5 sq mi
ZIP Area
2,574
Density / Sq Mi
$62,180
Median Household Income
$34,537
Median Earnings
$1,344
Median Rent
$282,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully occupied professional office property with private offices, shared amenities, and off-street parking.
Where is this office building located?
The property is located at 236 Washington Avenue NE Marietta, GA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,683‑square‑foot office building constructed in 1900; Six private offices plus an administrative office, common sitting area, two restrooms, and full kitchen; Fully occupied by individual attorney tenants
