Flex Warehouse with Roll-Up
For Sale
$499,900
Pending
52 Austin Avenue, Marietta, GA 30060
COMMERCIAL - Marietta, GA
Property Size3,040 SF
Lot Size0.29 Acres
Days on Market166
Property Features for 52 Austin Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CRC
Subdivision
Ar 2 Other County GA
Standard status
Pending
Lot size
0.29 Acres
Building Details
Year built
1981
Listing Agency:
Atlanta Communities - West Cobb
(770) 240-2004
Listed By:
Michael Gravitt
(404) 886-5485
Added: Mar 23
Changed: Aug 4
Last Checked: Sep 4 at 5:06PM
MLS# 428790
Copyright © 2026 Northeast Georgia Board of Realtors. 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 versatile flex commercial property includes five private office spaces, a reception area, and a break room equipped with a stove and sink. The layout also features three restrooms total, with two located in the office area and one in the warehouse area. A warehouse section provides loading and storage functionality through a roll-up door, supporting equipment access and operational workflow.
The property is located in downtown Marietta, Georgia, with approximately 90 feet of road frontage and access to major roads and nearby local businesses. The exterior includes durable aluminum siding and a metal roof, complemented by an additional outbuilding for extra storage.
On-site parking is included, supporting convenience for employees, company vehicles, and clients. Zoning is listed as CRC.
The property is located in downtown Marietta, Georgia, with approximately 90 feet of road frontage and access to major roads and nearby local businesses. The exterior includes durable aluminum siding and a metal roof, complemented by an additional outbuilding for extra storage.
On-site parking is included, supporting convenience for employees, company vehicles, and clients. Zoning is listed as CRC.
Key Highlights
- 3,040 SF commercial building built in 1981 in downtown Marietta, GA
- Five private office spaces plus a reception area and break room with stove and sink
- Warehouse area includes a roll‑up door for loading, storage, and equipment access
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
$22,316
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
4.46%
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%
$446,320
$446.3K
Cap Rate 7%
$318,800
$318.8K
Cap Rate 9%
$247,956
$248.0K
Market Conditions
NOI Build-Up for 3,040 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
$28.8K $9.48/SF
− Vacancy
−$2.6K −$0.84/SF
EGI
$26.3K $8.64/SF
− OpEx
−$3.9K −$1.30/SF
NOI
$22.3K $7.34/SF
Area
Cobb County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$446,320
Cap Rate 7%
$318,800
Cap Rate 9%
$247,956
Alternative Uses
Best Use
Warehouse
$318.8K
$279.0K – $371.9K
NOI $22,316 @ 7.0% cap · market cap 4.46%
Second Best
Industrial
$264.6K
$231.5K – $308.7K
NOI $18,519 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$853.6K
$746.9K – $995.9K
NOI $59,754 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,393
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Chef Cary's Cuisine — 32 Ayers Ave, Marietta, GA 30060
- Anton Cat — 150 Austin Ave NE, Marietta, GA 30060
Frequently Asked Questions
What type of property is this?
Flex space - Flex building offers private offices, reception area, and warehouse loading via a roll-up door plus on-site parking.
Where is this flex space located?
The property is located at 52 Austin Avenue Marietta, GA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 3,040 SF commercial building built in 1981 in downtown Marietta, GA; Five private office spaces plus a reception area and break room with stove and sink; Warehouse area includes a roll‑up door for loading, storage, and equipment access
