R-15 Zoned Residential
For Sale
$795,000
3061 Sandy Plains Road, Marietta, GA 30066
Commercial Sale, Marietta, GA
Property Size1,788 SF
Lot Size0.99 Acres
Price / SF$444.63
Days on Market872
Property Features for 3061 Sandy Plains Road
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
R-15
Parking features
Parking Lot
Lot features
Level, Rectangular Lot
Directions
Next to 3090 Trickum RD Marietta GA 30066
Standard status
Active
APN
16048200030
Size
1,788 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
2733
Utilities
Utilities
Cable Available
Building Details
Year built
1961
Floors in Building
1
Listing Agency:
Keller Williams Rlty, First Atlanta · Keller Williams Realty
(404) 531-5700
Listed By:
Holly Niakan · License #260885
(678) 907-8503
Added: Apr 16, 2024
Changed: Aug 19
Last Checked: Sep 4 at 8:06AM
MLS# 7377511
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.
This offering is a single residential lot in Marietta, GA, listed for sale in Cobb County. The lot is zoned R-15 and is available as a standalone parcel, with documents uploaded in the provided packet.
The listing also indicates the lot may be sold in conjunction with an adjoining property at 3090 Trickum Rd, which would create a combined total of two acres; both lots are stated to be eligible for separate sale.
The listing also indicates the lot may be sold in conjunction with an adjoining property at 3090 Trickum Rd, which would create a combined total of two acres; both lots are stated to be eligible for separate sale.
Key Highlights
- Located in the fast‑growing Cobb County Marietta district.
- Option to purchase with adjoining lot at 3090 Trickum Rd for a total of 2 acres.
- Lots are currently zoned R‑15.
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
$24,020
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
3.02%
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%
$480,400
$480.4K
Cap Rate 7%
$343,143
$343.1K
Cap Rate 9%
$266,889
$266.9K
Market Conditions
NOI Build-Up for 1,788 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
$46.6K $26.04/SF
− Vacancy
−$2.9K −$1.61/SF
EGI
$43.7K $24.43/SF
− OpEx
−$19.7K −$10.99/SF
NOI
$24.0K $13.43/SF
Area
Cobb County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$480,400
Cap Rate 7%
$343,143
Cap Rate 9%
$266,889
Alternative Uses
Best Use
Apartment 5plus
$343.1K
$300.3K – $400.3K
NOI $24,020 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.1K
$439.3K – $585.8K
NOI $35,145 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
Business Placement
Demographics for 30066, GA
62,417
Population
23,632
Households
2.6
Avg Household Size
38
Median Age
53%
College-Educated
95%
High-School Grad
27.2 sq mi
ZIP Area
2,295
Density / Sq Mi
$112,067
Median Household Income
$57,687
Median Earnings
$1,760
Median Rent
$373,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residentially zoned lot in Marietta, Cobb County, available for sale as a standalone parcel.
Where is this residential land & home lot located?
The property is located at 3061 Sandy Plains Road Marietta, GA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Located in the fast‑growing Cobb County Marietta district.; Option to purchase with adjoining lot at 3090 Trickum Rd for a total of 2 acres.; Lots are currently zoned R‑15.
