Commercial Land with Existing
New
For Sale
$1,980,000
264 Marietta Highway, Canton, GA 30114
Commercial Sale, Canton, GA
Property Size4,857 SF
Lot Size5.15 Acres
Price / SF$407.66
Days on Market2
Property Features for 264 Marietta Highway
General Information
Property type
Residential
Property subtype
Office
Zoning
GC
Parking
8
Parking features
Parking Lot
Window features
Wood Frames
Interior features
High Ceilings 10 or Greater, Living Space Available, Recessed Lighting, Restrooms
Lot features
Corner Lot, Sloped
Directions
Follow GPS
Standard status
Active
Size
4,857 SF
Lot size
5.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10862
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2001
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
HardiPlank Type
Roof type
Asphalt
Additional Structures
Outbuilding
Listing Agency:
Atlanta Communities
(770) 240-2005
Listed By:
Troy McMahan
(770) 316-8775
Added: Sep 4
Last Checked: Sep 5 at 1:06PM
MLS# 7833005
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 5.15-acre commercial land parcel includes a 4,857-square-foot structure built in 2001. The building features ceilings of 10 feet or greater, restrooms, recessed lighting, hardwood and tile flooring, central heating and cooling, and a parking lot. Public water and public sewer serve the property, with an asphalt roof and HardiPlank construction materials.
Located at 264 Marietta Highway, the site has approximately 238 feet of frontage along Marietta Hwy / GA-140, multiple access points, and traffic counts exceeding 24,000. The property is near Canton's CBD, The Mill on Etowah, Riverstone Parkway retail and restaurants, Northside Cherokee Hospital, and I-575. GC zoning and the existing improvements support consideration of commercial development or adaptive reuse.
Located at 264 Marietta Highway, the site has approximately 238 feet of frontage along Marietta Hwy / GA-140, multiple access points, and traffic counts exceeding 24,000. The property is near Canton's CBD, The Mill on Etowah, Riverstone Parkway retail and restaurants, Northside Cherokee Hospital, and I-575. GC zoning and the existing improvements support consideration of commercial development or adaptive reuse.
Key Highlights
- 5.15‑acre commercial land parcel with a 4,857‑square‑foot existing structure
- General Commercial (GC) zoning
- Approximately 238 feet of frontage on Marietta Hwy / GA‑140
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
$65,040
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
3.28%
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%
$1,300,800
$1.3M
Cap Rate 7%
$929,143
$929.1K
Cap Rate 9%
$722,667
$722.7K
Market Conditions
NOI Build-Up for 4,857 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
$115.9K $23.87/SF
− Vacancy
−$29.2K −$6.02/SF
EGI
$86.7K $17.85/SF
− OpEx
−$21.7K −$4.46/SF
NOI
$65.0K $13.39/SF
Area
Cherokee 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%
$1,300,800
Cap Rate 7%
$929,143
Cap Rate 9%
$722,667
Alternative Uses
Best Use
Office B
$929.1K
$813.0K – $1.08M
NOI $65,040 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,469 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,035
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - GC-zoned site with an existing building and multiple access points.
Where is this commercial land located?
The property is located at 264 Marietta Highway Canton, GA.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: 5.15‑acre commercial land parcel with a 4,857‑square‑foot existing structure; General Commercial (GC) zoning; Approximately 238 feet of frontage on Marietta Hwy / GA‑140
