Licensed Personal Care Home
1865 Waldrep Circle SE, Marietta, GA 30060
For Sale
$360,000
Commercial Sale, Marietta, GA
Property Size1,684 SF
Lot Size0.18 Acres
Price / SF$213.78
Days on Market134
Property Features for 1865 Waldrep Circle SE
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Interior features
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Listing Agency:
Virtual Properties Realty.Net, LLC. · United Real Estate
(770) 495-5050
Listed By:
LYDIA SHUMAKE
(770) 778-4815
Added: Jul 1
Changed: Nov 4
Last Checked: Nov 11 at 8:06AM
MLS# 7797594
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.
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Investment Insights
Based on property information with market context.
This 1,684-square-foot frame property sits on 0.18 acres and was built in 1954. The interior includes living space and restrooms, with laminate flooring, central heating, central air, and ceiling fans. Covered parking is available. The property is zoned R-20 and has public water and sewer service; cable is available. An existing personal care home license is in place, and the sale conveys the property only.
The Marietta address is near Westar Cobb Hospital and Truitt Park, with CobbLinc, major highways, shopping, and downtown Atlanta also noted in the surrounding area.
The Marietta address is near Westar Cobb Hospital and Truitt Park, with CobbLinc, major highways, shopping, and downtown Atlanta also noted in the surrounding area.
Key Highlights
- Existing license for personal care home use
- 1,684‑square‑foot frame property on 0.18 acres
- Built in 1954; zoned R‑20
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,123
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,460
$422.5K
Cap Rate 7%
$301,757
$301.8K
Cap Rate 9%
$234,700
$234.7K
Market Conditions
NOI Build-Up for 1,684 SF
Gross rent
$42.4K $25.20/SF
− Vacancy
−$4.0K −$2.39/SF
EGI
$38.4K $22.81/SF
− OpEx
−$17.3K −$10.26/SF
NOI
$21.1K $12.54/SF
Area
Cobb County, GA
Vacancy
9.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,460
Cap Rate 7%
$301,757
Cap Rate 9%
$234,700
Alternative Uses
Best Use
Apartment 5plus
$301.8K
$264.0K – $352.1K
NOI $21,123 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$485.5K
$424.8K – $566.4K
NOI $33,985 @ 7.0% cap · market cap 9.44%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Under-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- Harold Avenue Personal Care — 1969 Benson Ave SE, Smyrna, GA 30080
Frequently Asked Questions
What type of property is this?
Assisted living facility - An existing personal care home license accompanies the real estate, which is being sold without the operating business.
Where is this assisted living facility located?
The property is located at 1865 Waldrep Circle SE Marietta, GA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Existing license for personal care home use; 1,684‑square‑foot frame property on 0.18 acres; Built in 1954; zoned R‑20
