Renovated Storefront with Fenced
For Sale
$394,900
Pending
405 PAT MELL Road, Marietta, GA 30060
Commercial Sale, Marietta, GA
Property Size1,265 SF
Lot Size0.41 Acres
Days on Market940
Property Features for 405 PAT MELL Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
6
Fencing
Fenced
Lot features
Level, Near Public Transit, City Lot
Directions
From Marietta Square: Go South on North Marietta/Powder Springs, Left on Sandtown, Right on Austell Rd, Left on Pat Mell Rd, Property just ahead on the right.
Standard status
Pending
APN
17013200040
Size
1,265 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
2344
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
3 office rooms
kitchenette/breakroom
1 bathroom
large lobby area
well designed back yard
Building Details
Year built
1954
Building materials
Frame
Roof type
Composition
Listing Agency:
Maximum One Realty Greater Atlanta
(770) 919-8825
Listed By:
Maria Monterrubio · License #212201
(770) 912-4027
Added: Feb 28, 2024
Changed: Aug 19
Last Checked: Sep 25 at 6:06AM
MLS# 10259557
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.
This 1,265-square-foot storefront property includes three office rooms, a kitchenette and breakroom, one bathroom, and a large lobby. The building is renovated and currently used for retail, with a fenced backyard providing additional outdoor space. Frame construction, central air, natural gas heat, a composition roof, and public water and sewer serve the property.
Located on Pat Mell Road just off Austell Road in Marietta, the site occupies 0.413 acres. The property was built in 1954 and includes cable availability. Its existing office-oriented layout and retail use provide a practical format for a range of commercial operations.
Located on Pat Mell Road just off Austell Road in Marietta, the site occupies 0.413 acres. The property was built in 1954 and includes cable availability. Its existing office-oriented layout and retail use provide a practical format for a range of commercial operations.
Key Highlights
- 1,265‑square‑foot storefront property on 0.413 acres
- Three office rooms, kitchenette/breakroom, one bathroom, and large lobby
- Fenced backyard provides additional outdoor space
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
$17,793
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
4.51%
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%
$355,860
$355.9K
Cap Rate 7%
$254,186
$254.2K
Cap Rate 9%
$197,700
$197.7K
Market Conditions
NOI Build-Up for 1,265 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
$27.8K $21.96/SF
− Vacancy
−$2.4K −$1.87/SF
EGI
$25.4K $20.09/SF
− OpEx
−$7.6K −$6.03/SF
NOI
$17.8K $14.07/SF
Area
Cobb County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$355,860
Cap Rate 7%
$254,186
Cap Rate 9%
$197,700
Alternative Uses
Best Use
Retail
$254.2K
$222.4K – $296.6K
NOI $17,793 @ 7.0% cap · market cap 4.51%
Second Best
Office B
$242.0K
$211.8K – $282.3K
NOI $16,940 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$355.2K
$310.8K – $414.4K
NOI $24,865 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Esco Flowers — 42 Mountain View Ct, Marietta, GA 30060
Frequently Asked Questions
What type of property is this?
Storefront property - Three office rooms, a kitchenette, lobby, and enclosed outdoor area support flexible commercial use.
Where is this storefront property located?
The property is located at 405 PAT MELL Road Marietta, GA.
What is the asking price?
The asking price for this property is $394,900.
What are key features of this property?
This property features: 1,265‑square‑foot storefront property on 0.413 acres; Three office rooms, kitchenette/breakroom, one bathroom, and large lobby; Fenced backyard provides additional outdoor space
