Renovated Retail
For Sale
$475,000
232 Powers Ferry Road SE, Marietta, GA 30067
One-story commercial property with CRC zoning, paved parking, and a fenced outdoor area.
Property Size996 SF
Lot Size0.27 Acres
Price / SF$476.91
Days on Market360
Property Features for 232 Powers Ferry Road SE
General Information
Standard status
Active
Size
996 SF
Lot size
0.27 Acres
Property subtype
Retail
Zoning
CRC
Taxes and HOA fees
Annual Taxes
$3,617
Amenities
Central Air, Electric
3
Hardwood, Tile
Composition
Parking.
10 Parking Spaces. Paved Driveway, Lot.
11761.2001953125
Workshop. County Road, Paved Road.
Building Details
Year Built
1952
Year Renovated
2024
Stories
1
Listing Agency:
Keller Williams Realty First Atlanta
(404) 620-0325
Listed By:
Charlie Gonzalez · License #361032
(404) 620-0325
Source:
Xome
Added: Sep 5, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:49PM
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 Keller Williams Realty First Atlanta
Investment Insights
Based on property information with market context.
This one-story storefront contains 996 square feet on a 0.27-acre lot and was renovated in 2024. The property dates to 1952 and includes central air with electric service, along with hardwood and tile interior finishes. A workshop is also identified among the improvements.
Positioned at 232 Powers Ferry Road SE in Marietta, the property fronts a county-paved road and includes a paved, fenced area that can accommodate parking or storage. The site provides 10 parking spaces and carries CRC, or Community Retail Commercial, zoning. The address is in Marietta, GA 30067.
Positioned at 232 Powers Ferry Road SE in Marietta, the property fronts a county-paved road and includes a paved, fenced area that can accommodate parking or storage. The site provides 10 parking spaces and carries CRC, or Community Retail Commercial, zoning. The address is in Marietta, GA 30067.
Key Highlights
- 996‑square‑foot, one‑story storefront on a 0.27‑acre lot
- Renovated in 2024; originally built in 1952
- CRC (Community Retail Commercial) zoning
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
$14,009
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
2.95%
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%
$280,180
$280.2K
Cap Rate 7%
$200,129
$200.1K
Cap Rate 9%
$155,656
$155.7K
Market Conditions
NOI Build-Up for 996 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
$21.9K $21.96/SF
− Vacancy
−$1.9K −$1.87/SF
EGI
$20.0K $20.09/SF
− OpEx
−$6.0K −$6.03/SF
NOI
$14.0K $14.07/SF
Area
Cobb County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$280,180
Cap Rate 7%
$200,129
Cap Rate 9%
$155,656
Alternative Uses
Best Use
Retail
$200.1K
$175.1K – $233.5K
NOI $14,009 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$279.7K
$244.7K – $326.3K
NOI $19,577 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
58k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 5%
QuikTrip
Shops & Services
35,568 visits/mo
0.3 miles
Chevron
Shops & Services
8,895 visits/mo
0.2 miles
Shell
Shops & Services
6,875 visits/mo
0.1 miles
Texaco
Shops & Services
3,277 visits/mo
0.4 miles
Bruster's
Dining
2,723 visits/mo
0.5 miles
Demographics for 30067, GA
47,653
Population
21,168
Households
2.3
Avg Household Size
34
Median Age
54%
College-Educated
93%
High-School Grad
14.4 sq mi
ZIP Area
3,309
Density / Sq Mi
$76,537
Median Household Income
$45,900
Median Earnings
$1,583
Median Rent
$430,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- D & S Plants Unlimited — 1713 Lower Roswell Rd, Marietta, GA 30068
Frequently Asked Questions
What type of property is this?
Storefront property - One-story commercial property with CRC zoning, paved parking, and a fenced outdoor area.
Where is this storefront property located?
The property is located at 232 Powers Ferry Road SE Marietta, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 996‑square‑foot, one‑story storefront on a 0.27‑acre lot; Renovated in 2024; originally built in 1952; CRC (Community Retail Commercial) zoning
