Freestanding Office
For Sale
$1,400,000
2791 Woodland Terrace, Smyrna, GA 30080
Commercial Sale, Smyrna, GA
Property Size5,600 SF
Lot Size1.09 Acres
Price / SF$250
Days on Market8
Property Features for 2791 Woodland Terrace
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
28
Appliances
Dryer, Dishwasher, Electric Water Heater, Ice Maker, Microwave, Oven, Range, Refrigerator, Washer
Directions
Exit I-285 at Cobb Pkwy/US-41 (Exit 19) and follow Cobb Pkwy to Spring Rd SE. Turn onto Spring Rd SE, then turn onto Woodland Terrace SE. The property is on the left.
Standard status
Active
APN
17084700240
Size
5,600 SF
Lot size
1.09 Acres
Taxes and HOA fees
Tax Description
14541 5253
Legal Description
14541 5253
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
break room
full kitchen
washer and dryer
shower
multi-purpose room
conference room
fob-controlled entry
Building Details
Year built
2008
Floors in Building
1
Building materials
Brick
Architectural style
Other
Listing Agency:
NAI Elrod Group
(706) 553-1000
Listed By:
Brian Elrod · License #251606
(678) 859-6110
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 20 at 11:06PM
MLS# CL362611
Copyright © 2026 Hive MLS. 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 2008 and remodeled under permit in 2024, this 5,600-square-foot, single-story office building occupies 1.09 acres. The all-brick structure contains seven private offices, a full kitchen with stove, dishwasher, ice maker, washer, and dryer, plus four restrooms, including one with a shower. A dedicated multi-purpose room and separate conference room support simultaneous meetings or training sessions. Six HVAC units serve the building, while fob-controlled entry manages access. The site provides 28 parking spaces.
The property is located on Woodland Terrace off Spring Rd SE in Smyrna, near Cobb Pkwy (US-41), which carries 34,500 vehicles per day. Access is approximately 0.7 miles from I-285, about 2 miles from I-75, and roughly 1/2 mile from Cobb Parkway. Cobb Convention Center - Atlanta, Truist Park, and The Battery Atlanta are each less than one mile away. Public water and public sewer serve the property.
The property is located on Woodland Terrace off Spring Rd SE in Smyrna, near Cobb Pkwy (US-41), which carries 34,500 vehicles per day. Access is approximately 0.7 miles from I-285, about 2 miles from I-75, and roughly 1/2 mile from Cobb Parkway. Cobb Convention Center - Atlanta, Truist Park, and The Battery Atlanta are each less than one mile away. Public water and public sewer serve the property.
Key Highlights
- 5,600 SF freestanding office building on 1.09 acres
- Built in 2008; permitted remodel completed in 2024
- Seven private offices, a conference room, and a separate multi‑purpose room
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
$74,990
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
5.36%
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%
$1,499,800
$1.5M
Cap Rate 7%
$1,071,286
$1.1M
Cap Rate 9%
$833,222
$833.2K
Market Conditions
NOI Build-Up for 5,600 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
$133.7K $23.87/SF
− Vacancy
−$33.7K −$6.02/SF
EGI
$100.0K $17.85/SF
− OpEx
−$25.0K −$4.46/SF
NOI
$75.0K $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%
$1,499,800
Cap Rate 7%
$1,071,286
Cap Rate 9%
$833,222
Alternative Uses
Best Use
Office B
$1.07M
$937.4K – $1.25M
NOI $74,990 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,074 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,271
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?
Office building - Single-story layout includes private offices, meeting rooms, and a full kitchen.
Where is this office building located?
The property is located at 2791 Woodland Terrace Smyrna, GA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 5,600 SF freestanding office building on 1.09 acres; Built in 2008; permitted remodel completed in 2024; Seven private offices, a conference room, and a separate multi‑purpose room
