Renovated Office
For Sale
$394,900
Pending
405 PAT MELL Road SW, 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 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
Amenities
3 office rooms
kitchenette/breakroom
1 bathroom
large lobby area
well designed back yard
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) 912-4027
Added: Feb 28, 2024
Changed: Sep 12
Last Checked: Sep 25 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 renovated office property contains 1,265 square feet with three office rooms, a kitchenette and breakroom, one bathroom, and a spacious lobby with reception functionality. Interior features include ceilings of 10 feet or greater, laminate flooring, central air, and natural gas heat. The building has a brick front, an asbestos shingle roof, and was constructed in 1954. It is currently used as a retail store and was formerly occupied as a contractor's office.
The property sits on 0.413 acres at 405 Pat Mell Road SW in Marietta, just off Austell Road. A fenced backyard, parking lot, public sewer, and cable availability are included. The zoning is listed as Mix.
The property sits on 0.413 acres at 405 Pat Mell Road SW in Marietta, just off Austell Road. A fenced backyard, parking lot, public sewer, and cable availability are included. The zoning is listed as Mix.
Key Highlights
- 1,265‑square‑foot building on 0.413 acres
- Three office rooms, kitchenette, breakroom, one bathroom, and large lobby
- 10‑foot‑or‑greater ceilings with laminate flooring
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
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Small commercial building with reception space, private rooms, kitchenette, restroom, fenced yard, and on-site parking.
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: 1,265‑square‑foot building on 0.413 acres; Three office rooms, kitchenette, breakroom, one bathroom, and large lobby; 10‑foot‑or‑greater ceilings with laminate flooring
