End-Unit Professional Office
For Sale
$625,000
1675 Cumberland Parkway Unit 206, Smyrna, GA 30080
End-unit office suite in a mixed-use community, currently tenant-occupied with a renewed five-year lease.
Property Size1,499 SF
Price / SF$416.67
Days on Market141
Property Features for 1675 Cumberland Parkway Unit 206
General Information
Standard status
Active
Size
1,499 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,073
Building Details
Building Size
1,499 SF
Year Built
2004
Listing Agency:
HomeSmart
Listed By:
Lila Basco
(404) 783-1644
Source:
Beacham
Added: Apr 20
Changed: Sep 2
Last Checked: Sep 7 at 7:58AM
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 HomeSmart
Investment Insights
Based on property information with market context.
Located at 1675 Cumberland Parkway, Unit 206 in Smyrna, GA, this end-unit professional office suite offers approximately 1,500 SF of well-appointed space within the Ivy Walk mixed-use community. The suite is currently tenant-occupied and features a recently renewed 5-year lease.
Positioned at the corner of South Atlanta Road and Cumberland Parkway, the property is described as high-visibility and is just minutes from I-285. Ivy Walk includes a dynamic mix of retail and dining options, with destinations such as First Watch, Muss & Turner's, and South City Kitchen, which can support an active pedestrian environment.
The space is presented as well-suited for a variety of professional, medical, wellness, and specialty service uses, with buyers encouraged to verify permitted uses and any association guidelines.
Positioned at the corner of South Atlanta Road and Cumberland Parkway, the property is described as high-visibility and is just minutes from I-285. Ivy Walk includes a dynamic mix of retail and dining options, with destinations such as First Watch, Muss & Turner's, and South City Kitchen, which can support an active pedestrian environment.
The space is presented as well-suited for a variety of professional, medical, wellness, and specialty service uses, with buyers encouraged to verify permitted uses and any association guidelines.
Key Highlights
- End‑unit professional office suite (Unit 206) in Ivy Walk mixed‑use community in Vinings
- Approximately 1,500 SF of office space; Year Built: 2004
- Tenant‑occupied with a recently renewed 5‑year lease
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
$20,087
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
3.21%
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%
$401,740
$401.7K
Cap Rate 7%
$286,957
$287.0K
Cap Rate 9%
$223,189
$223.2K
Market Conditions
NOI Build-Up for 1,500 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
$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 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%
$401,740
Cap Rate 7%
$286,957
Cap Rate 9%
$223,189
Alternative Uses
Best Use
Office B
$287.0K
$251.1K – $334.8K
NOI $20,087 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$421.2K
$368.6K – $491.4K
NOI $29,484 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - End-unit office suite in a mixed-use community, currently tenant-occupied with a renewed five-year lease.
Where is this office units 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 professional office suite (Unit 206) in Ivy Walk mixed‑use community in Vinings; Approximately 1,500 SF of office space; Year Built: 2004; Tenant‑occupied with a recently renewed 5‑year lease
