3BR/2BA Senior Care
For Sale
Contact for pricing
1035 WORLEY DR, Marietta, GA 30066
Brick 3/2 home with a long-term elder care tenant in place, positioned near key Marietta roadways.
Property Size1,330 SF
Price / SF$263.16
Days on Market96
Property Features for 1035 WORLEY DR
General Information
Standard status
Active
Size
1,330 SF
Class
B
Property subtype
Retail, Senior Living, Special Purpose
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Sale/Leaseback
Net Operating Income
$14,400
Building Details
Year Built
1982
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Cynosure Ventures
Listed By:
Patti Loveless · License #357088
(678) 910-5217
Source:
Crexi
Added: Jun 16
Changed: Sep 7
Last Checked: Sep 19 at 9:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cynosure Ventures
Investment Insights
Based on property information with market context.
This property is a residential brick home serving an Elder Care Facility, configured as a 3-bedroom, 2-bath layout. A long-term tenant is already in place, providing an occupied setup for a buyer looking to acquire a healthcare-adjacent residential use today.
The home is located just off Canton Rd, near Shaw Park and Chastain Rd, offering convenient access to surrounding services and arterials in the Marietta area.
For prospective buyers or operators, the tenant-in-place structure can fit an elder care facility seeking an established residential format with multiple bedrooms and two bathrooms. The brick construction and existing configuration may also appeal to those looking for a straightforward, residential-style asset that is already serving care-related operations, rather than a vacant property requiring immediate re-positioning.
The home is located just off Canton Rd, near Shaw Park and Chastain Rd, offering convenient access to surrounding services and arterials in the Marietta area.
For prospective buyers or operators, the tenant-in-place structure can fit an elder care facility seeking an established residential format with multiple bedrooms and two bathrooms. The brick construction and existing configuration may also appeal to those looking for a straightforward, residential-style asset that is already serving care-related operations, rather than a vacant property requiring immediate re-positioning.
Key Highlights
- Brick 3/2 home built in 1982
- Long‑term tenant in place
- Home serves an elder care facility
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
$17,867
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
5.10%
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%
$357,340
$357.3K
Cap Rate 7%
$255,243
$255.2K
Cap Rate 9%
$198,522
$198.5K
Market Conditions
NOI Build-Up for 1,330 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
$34.6K $26.04/SF
− Vacancy
−$2.1K −$1.61/SF
EGI
$32.5K $24.43/SF
− OpEx
−$14.6K −$10.99/SF
NOI
$17.9K $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%
$357,340
Cap Rate 7%
$255,243
Cap Rate 9%
$198,522
Alternative Uses
Best Use
Apartment 5plus
$255.2K
$223.3K – $297.8K
NOI $17,867 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$373.5K
$326.8K – $435.7K
NOI $26,142 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Under-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Brick 3/2 home with a long-term elder care tenant in place, positioned near key Marietta roadways.
Where is this senior housing / retirement home located?
The property is located at 1035 WORLEY DR Marietta, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Brick 3/2 home built in 1982; Long‑term tenant in place; Home serves an elder care facility
