Licensed Personal Care Home
For Sale
$330,000
1865 Waldrep Circle SE, Marietta, GA 30060
Commercial Sale, Marietta, GA
Property Size1,684 SF
Lot Size0.18 Acres
Price / SF$195.96
Days on Market98
Property Features for 1865 Waldrep Circle SE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-20
Parking
6
Parking features
Covered
Interior features
Restrooms, Living Space Available
Lot features
Level
Directions
Please use GPS.
Standard status
Active
APN
17027800530
Size
1,684 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3956
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Flooring type
Laminate
Building materials
Frame
Listing Agency:
Virtual Properties Realty.Net, LLC. · United Real Estate
(770) 495-5050
Listed By:
LYDIA SHUMAKE
(770) 240-2001
Added: Jul 1
Changed: Sep 28
Last Checked: Oct 6 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.
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
$22,623
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,460
$452.5K
Cap Rate 7%
$323,186
$323.2K
Cap Rate 9%
$251,367
$251.4K
Market Conditions
NOI Build-Up for 1,684 SF
Gross rent
$43.9K $26.04/SF
− Vacancy
−$2.7K −$1.61/SF
EGI
$41.1K $24.43/SF
− OpEx
−$18.5K −$10.99/SF
NOI
$22.6K $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 Rate 5%
$452,460
Cap Rate 7%
$323,186
Cap Rate 9%
$251,367
Alternative Uses
Best Use
Apartment 5plus
$323.2K
$282.8K – $377.1K
NOI $22,623 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$472.9K
$413.8K – $551.7K
NOI $33,101 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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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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 $330,000.
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
