Mixed-Use Income
For Sale
$575,000
2037 Marietta Highway, Canton, GA 30114
Commercial Sale, Canton, GA
Property Size2,500 SF
Lot Size0.68 Acres
Price / SF$230
Days on Market53
Property Features for 2037 Marietta Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
18
Parking features
Parking Lot
Lot features
City Lot
Directions
Use GPS
Standard status
Active
APN
091N110000000300B0000
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2482
Utilities
Utilities
Electricity Available
Building Details
Year built
1957
Roof type
Metal
Listing Agency:
ERA Sunrise Realty · ERA Real Estate
(678) 781-7400
Listed By:
Zack Bobo · License #390670
(770) 876-2790
Added: Jul 2
Changed: Aug 19
Last Checked: Aug 23 at 4:06AM
MLS# 10798295
Copyright © 2026 Georgia Multiple Listing Service. 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 for-sale mixed-use income property includes a residential rental home plus a multi-tenant commercial building and an on-site billboard. The home is a 2-bedroom, 1-bath unit currently rented to a long-term tenant. The commercial building is approximately 2,500 square feet and contains three current tenants, with monthly rent listed at $800, $950, and $800. The building also includes a full basement, which may support storage needs for current operations or future conversion to additional leasable space.
The property sits on a 0.68-acre lot with double road frontage on Marietta Highway and Bells Ferry Road, positioned for strong visibility in the South Canton area. The billboard on the premises is described as a double-sided sign with an annual lease, currently listed at approximately $2,000 to $2,400 per year. The combination of frontage and multiple revenue components is intended to provide a diversified holding within the Canton market.
For tenants and buyers, this setup can support interest from owner-operators or investors seeking a property that includes both residential and commercial tenancy under one ownership structure. Existing occupancy across the residential unit and the three commercial units provides an income base, while the billboard lease and basement space offer additional considerations for operational use or reconfiguration over time.
The property sits on a 0.68-acre lot with double road frontage on Marietta Highway and Bells Ferry Road, positioned for strong visibility in the South Canton area. The billboard on the premises is described as a double-sided sign with an annual lease, currently listed at approximately $2,000 to $2,400 per year. The combination of frontage and multiple revenue components is intended to provide a diversified holding within the Canton market.
For tenants and buyers, this setup can support interest from owner-operators or investors seeking a property that includes both residential and commercial tenancy under one ownership structure. Existing occupancy across the residential unit and the three commercial units provides an income base, while the billboard lease and basement space offer additional considerations for operational use or reconfiguration over time.
Key Highlights
- 0.68‑acre commercial property with double road frontage on Marietta Hwy and Bells Ferry Rd in South Canton, GA
- Residential rental home: 2 bed, 1 bath, long‑term tenant in place; currently rented at $1,300/month
- Approximately 2,500 SF multi‑tenant commercial building with 3 current tenants and full basement
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
$33,585
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
5.84%
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%
$671,700
$671.7K
Cap Rate 7%
$479,786
$479.8K
Cap Rate 9%
$373,167
$373.2K
Market Conditions
NOI Build-Up for 2,500 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
$65.1K $26.04/SF
− Vacancy
−$4.0K −$1.61/SF
EGI
$61.1K $24.43/SF
− OpEx
−$27.5K −$10.99/SF
NOI
$33.6K $13.43/SF
Area
Cherokee 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%
$671,700
Cap Rate 7%
$479,786
Cap Rate 9%
$373,167
Alternative Uses
Best Use
Apartment 5plus
$479.8K
$419.8K – $559.8K
NOI $33,585 @ 7.0% cap · market cap 5.84%
Second Best
Mixed Use
$471.4K
$412.5K – $550.0K
NOI $33,000 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$702.0K
$614.3K – $819.0K
NOI $49,140 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
1
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 30114, GA
59,139
Population
22,259
Households
2.7
Avg Household Size
37
Median Age
35%
College-Educated
87%
High-School Grad
95.2 sq mi
ZIP Area
621
Density / Sq Mi
$97,684
Median Household Income
$47,257
Median Earnings
$1,654
Median Rent
$408,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential rental, multi-tenant commercial space, and a billboard combine for multiple income streams on dual road frontage.
Where is this mixed-use property located?
The property is located at 2037 Marietta Highway Canton, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 0.68‑acre commercial property with double road frontage on Marietta Hwy and Bells Ferry Rd in South Canton, GA; Residential rental home: 2 bed, 1 bath, long‑term tenant in place; currently rented at $1,300/month; Approximately 2,500 SF multi‑tenant commercial building with 3 current tenants and full basement
