Two-Story Office
For Sale
Contact for pricing
2551 Roswell Rd, Marietta, GA 30062
Multi-level office layout with private offices, reception areas, restrooms, and kitchen facilities on each floor.
Property Size2,880 SF
Price / SF$200
Days on Market160
Property Features for 2551 Roswell Rd
General Information
Standard status
Active
Size
2,880 SF
Class
B
Property subtype
Office
Zoning
LRO
Occupancy
50%
Lease Type
Gross
Investment Type
Owner/User
Additional Details
Floor
1-2
Office Units
1
Building Details
Year Built
1999
Year Renovated
2023
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Avison Young - Atlanta
Listed By:
Jesse Whalen · License #411647
Source:
Crexi
Added: Mar 26
Changed: Aug 31
Last Checked: Aug 31 at 1:21PM
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 Avison Young - Atlanta
Investment Insights
Based on property information with market context.
This office condominium contains 2,880 square feet arranged across two 1,440-square-foot levels. The lower floor was fully rebuilt in 2023 and provides a reception area, three private offices, a large double-width office that can be divided, a restroom, and a kitchenette. The upper level has its own entrance and dedicated stairwell, with a second reception area, four private offices, a breakroom and kitchen, and a full restroom. New paint and flooring were added upstairs in 2023.
Built in 1999, the property includes abundant windows throughout the interior and is zoned LRO. The configuration provides distinct work areas across both floors while maintaining reception, office, restroom, and food-service functions within the condominium.
Built in 1999, the property includes abundant windows throughout the interior and is zoned LRO. The configuration provides distinct work areas across both floors while maintaining reception, office, restroom, and food-service functions within the condominium.
Key Highlights
- 2,880 SF office condo divided between two 1,440 SF floors
- First floor fully rebuilt in 2023
- Second floor refreshed with new paint and flooring in 2023
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
$38,566
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
6.70%
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%
$771,320
$771.3K
Cap Rate 7%
$550,943
$550.9K
Cap Rate 9%
$428,511
$428.5K
Market Conditions
NOI Build-Up for 2,880 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
$68.7K $23.87/SF
− Vacancy
−$17.3K −$6.02/SF
EGI
$51.4K $17.85/SF
− OpEx
−$12.9K −$4.46/SF
NOI
$38.6K $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%
$771,320
Cap Rate 7%
$550,943
Cap Rate 9%
$428,511
Alternative Uses
Best Use
Office B
$550.9K
$482.1K – $642.8K
NOI $38,566 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$808.7K
$707.6K – $943.5K
NOI $56,609 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
Business Placement
Demographics for 30062, GA
66,889
Population
24,178
Households
2.8
Avg Household Size
41
Median Age
60%
College-Educated
96%
High-School Grad
25.9 sq mi
ZIP Area
2,583
Density / Sq Mi
$128,981
Median Household Income
$61,882
Median Earnings
$1,761
Median Rent
$456,500
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 - Multi-level office layout with private offices, reception areas, restrooms, and kitchen facilities on each floor.
Where is this office units located?
The property is located at 2551 Roswell Rd Marietta, GA.
What is the asking price?
The asking price for this property is $576,000.
What are key features of this property?
This property features: 2,880 SF office condo divided between two 1,440 SF floors; First floor fully rebuilt in 2023; Second floor refreshed with new paint and flooring in 2023
