Renovated Office/Retail Space in
For Sale
$394,900
Pending
405 PAT MELL Road SW, Marietta, GA 30060
SINGLE_FAMILY - Marietta, GA
Property Size1,265 SF
Lot Size0.41 Acres
Days on Market895
Property Features for 405 PAT MELL Road SW
General Information
Property type
Residential
Property subtype
Office
Zoning
Mix
Parking
6
Parking features
Parking Lot
Window features
Aluminum Frames
Interior features
High Ceilings 10 or Greater, Reception Area, Restrooms
Fencing
Fenced
Lot features
Level
View
City
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
Building Details
Year built
1954
Floors in Building
1
Flooring type
Laminate
Building materials
Brick Front
Roof type
Asbestos Shingle
Listing Agency:
Maximum One Realty Greater ATL.
(770) 919-8825
Listed By:
MARIAN MONTERRUBIO · License #212201
(770) 919-8825
Added: Feb 28, 2024
Changed: Apr 15
Last Checked: Aug 11 at 5:06AM
MLS# 7345175
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 beautifully renovated and well-maintained property, located just off Austell Rd on Pat Mell in Marietta, Georgia, offers unlimited opportunities. The 1,265 square foot building features three office rooms, a kitchenette/breakroom, one bathroom, and a large lobby area. Previously used as a contractor's office, it can accommodate multiple business types, such as accountant firms, insurance agencies, and dental practices. The property is currently used as a retail store. The well-designed backyard, situated on a 0.413-acre lot, could be perfect for a landscape/hardscape contractor or used as an outdoor setting for a professional photographer. The property is located in Cobb County, Georgia, with Mix zoning.
Key Highlights
- Versatile Commercial Space: Suitable for various business types.
- Move‑in Ready Condition: Beautifully renovated and well‑maintained.
- Functional Layout: Features 3 office rooms, a kitchenette/breakroom, a bathroom, and a large lobby area.
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
294
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Well-maintained, renovated office/retail space with multiple business opportunities.
Where is this office units located?
The property is located at 405 PAT MELL Road SW 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: Versatile Commercial Space: Suitable for various business types.; Move‑in Ready Condition: Beautifully renovated and well‑maintained.; Functional Layout: Features 3 office rooms, a kitchenette/breakroom, a bathroom, and a large lobby area.
