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    Property profile & analytics

    244 Powers Fry SE Rd Marietta, GA 30067-7560

    • Investment properties
    • 1,246 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Jun 22, 2021
    $185,000
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    6%
    Investment properties
    Location Intelligence
    Property ID
    US22-0954244
    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.

    Current Use by Public Records

    • Carology Motors LLC / Car Dealer

    Property Details for 244 Powers Fry SE Rd

    Year built
    1954
    Lot size
    0.25 lot acres
    Property size
    1,246 SF
    Zone code
    GC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    16127900970
    APU
    16127900970

    Description

    This exceptional mixed-use property at 244 Powers Ferry Road, Marietta, GA 30067, presents a unique investment opportunity. Built in 1954, this single building sits on a 0.25-acre lot and offers a blend of commercial and residential space, ideal for owner-occupancy or savvy investors. The property boasts a convenient location, just minutes from the I-75 loop, downtown Marietta, and South Marietta Parkway, ensuring high visibility and easy access. The interior features a kitchen, two rooms, a full bathroom, and a laundry room, providing ample space for both work and living. The exterior includes a large paved parking area in the back, offering convenient parking for tenants or clients. The property has recently undergone a refresh, featuring new paint throughout. The zoning is Residential/Commercial, providing flexibility for a variety of uses. This property is surrounded by thriving businesses, making it an excellent choice for those seeking a high-traffic location. The asking price is $399,900. While the cap rate is currently listed as 0.00%, the potential for strong returns is significant given the property's location and versatile nature. This is a rare opportunity to acquire a well-located, mixed-use property in a thriving Marietta market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $275,000
      ML approach
      $215,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $275,000
      6.5%
      $255,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $355,000
      Market price range: $97.0k - $356k
      AI Estimate
      $309,000
      Market price range: $62.7k - $311k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $245,000
      Current use
      MEDICAL BUILDING
      $300,000
      Change: +24% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $275,000
      Change: +13% Conversion: Difficult
      RETAIL STORES
      $275,000
      Change: +13% Conversion: Easy
      AUTO REPAIR, GARAGE
      $215,000
      Change: -11% Conversion: Difficult
      OFFICE BUILDING
      $210,000
      Change: -14% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5001
    Latitude
    33.9468
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $936
    $72,112
    $38,520
    $110,632
    -
    $180,280
    $96,300
    $276,580

    Comparable in this City

    • Value Estimation
      $250,000
      1,087 SF

      1547 Rosewood SE Cir

      OFFICE/RESIDENTIAL (MIXED USE) • 1,087 SF
      1547 Rosewood SE Cir, Marietta, GA 30067-7409
      View Details
    • Value Estimation
      $265,000
      999 SF

      219 Powers Fry SE Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 999 SF
      219 Powers Fry SE Rd, Marietta, GA 30067-7559
      View Details
    • Value Estimation
      $255,000
      996 SF

      224 Powers Fry SE Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 996 SF
      224 Powers Fry SE Rd, Marietta, GA 30067-7560
      View Details
    • Value Estimation
      $115,000
      1,016 SF

      1768 Scott SE Cir

      OFFICE/RESIDENTIAL (MIXED USE) • 1,016 SF
      1768 Scott SE Cir, Marietta, GA 30067-7411
      View Details
    • Value Estimation
      $350,000
      1,016 SF

      213 Powers Fry SE Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,016 SF
      213 Powers Fry SE Rd, Marietta, GA 30067-7559
      View Details
    • Value Estimation
      $360,000
      1,011 SF

      137 Powers Fry SE Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,011 SF
      137 Powers Fry SE Rd, Marietta, GA 30067-7541
      View Details

    Similar Nearby for Sale

    • $550,000
      1,559 SF

      Marietta Mixed-Use Commercial Property

      Mixed-use property in Marietta, GA, suitable for commercial ventures.
      102 Powers Ferry Rd SE, Marietta, GA 30067
      View Details
    • $1,900,000
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      Marietta Office Park Investment Opportunity

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    • $23,500,000
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      Prime Retail Investment Opportunity: High Growth Potential
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    • $304,000
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      Updated Townhouse Near Battery Stadium

      Renovated 3-bed, 2.5-bath townhouse in desirable Marietta location.
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    • Contact for pricing
      64 SF

      Industrial Suite Available For Sale

      5,957 SF industrial suite available for sale.
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    • Contact for pricing
      27,900 SF

      Industrial Space Available For Lease

      11,073 SF industrial space with office and multiple doors.
      1691-A Enterprise Way, Marietta, GA 30067
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,675 SF

      Marietta Office Space: 1640 Powers Ferry Rd

      Prime Cobb County Office Suite - 1675 sq ft available
      1640 Powers Ferry Rd, Marietta, GA 30067
      View Details
    • $20 SF/Yr
      85,046 SF

      Northchase Parkway Office Space

      Marietta, GA office suites available
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      View Details
    • Contact for pricing
      15,118 SF

      Delk Industrial Blvd Warehouse For Lease

      15,118 SF Warehouse - Cobb County
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      View Details
    • $13 SF/Yr
      4,964 SF

      Marietta Warehouse Space Available

      4,964 SF warehouse space for lease in Marietta, Georgia.
      825 Franklin Ct SE, Marietta, GA 30067
      View Details
    • Contact for pricing
      3,366 SF

      Renovated Retail and Office Space

      Newly renovated retail and office space near Atlanta Braves Stadium.
      3000 Windy Hill Rd SE, Marietta, GA 30067
      View Details
    • $16 SF/Yr
      6,000 SF

      Marietta Office Space For Rent

      6,000 SF office space available for lease in Marietta.
      521 Village Trce NE, Marietta, GA 30067
      View Details
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    244 Powers Fry SE Rd
    Marietta, GA 30067-7560
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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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