Building Details

Building Size 1,499 SF

Year Built 2004

Tenancy Single

Owner Occupied No

Abandoned No

Listing Agency: HomeSmart Show Phone

Listed By: Lila Basco Show Phone

Source: Intowncollective

Added: Apr 20 Changed: Oct 28 Last Checked: Nov 3 at 7:47AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This office suite is an end unit within the Ivy Walk mixed-use community. It is currently occupied by a tenant whose lease was recently renewed for five years. The building was constructed in 2004.

Ivy Walk sits at the corner of South Atlanta Road and Cumberland Parkway, with I-285 a short drive away. The community includes retail and dining destinations such as First Watch, Muss & Turner’s, and South City Kitchen. WellStar Health System and Northside Hospital are also identified as nearby medical centers.

Key Highlights

• End‑unit office suite in the Ivy Walk mixed‑use community
• Tenant in place under a recently renewed 5‑year lease
• At the corner of South Atlanta Road and Cumberland Parkway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,073

Cap Rate

3.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$401,460 $401.5K

Cap Rate 7%

$286,757 $286.8K

Cap Rate 9%

$223,033 $223.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,499 SF

Gross rent

$35.8K $23.87/SF

− Vacancy

−$9.0K −$6.02/SF

EGI

$26.8K $17.85/SF

− OpEx

−$6.7K −$4.46/SF

NOI

$20.1K $13.39/SF

Area

Cobb County, GA

Vacancy

25.20%

Lease Rate

$23.87 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$401,460

Cap Rate 7%

$286,757

Cap Rate 9%

$223,033

Alternative Uses

Best Use

Office B

$286.8K

$250.9K – $334.6K (±1% cap)

NOI $20,073 @ 7.0% cap · market cap 3.21%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$420.9K

$368.3K – $491.1K (±1% cap)

NOI $29,464 @ 7.0% cap · market cap 4.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

West Vinings Dental ... Dental Office Urban Tangles Cosmetic Store One Ivy Walk ... Construction Company Yolanda Harris: Allstate ... Insurance Agency Tax Surgeon Tax Preparation

Suggested Use

Top Pick Law Firm Building Supply Parking Lot & Garage Auto Parts Store Grocery & Convenience Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,010

Businesses Nearby

Explore this area Business Placement

Demographics for 30080, GA

52,125

Population

27,081

Households

1.9

Avg Household Size

35

Median Age

58%

College-Educated

94%

High-School Grad

12.6 sq mi

ZIP Area

4,137

Density / Sq Mi

$87,949

Median Household Income

$59,267

Median Earnings

$1,660

Median Rent

$409,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - An existing tenant holds a recently renewed five-year lease.

Where is this office unit located?

The property is located at 1675 Cumberland Parkway Unit 206 Smyrna, GA.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: End‑unit office suite in the Ivy Walk mixed‑use community; Tenant in place under a recently renewed 5‑year lease; At the corner of South Atlanta Road and Cumberland Parkway