Freestanding Office Building with Meeting
For Sale
$1,400,000
2791 Woodland Ter Se, Smyrna, GA 30080
Single-story office property with private work areas, two meeting spaces, and a full kitchen.
Property Size5,600 SF
Lot Size1.09 Acres
Price / SF$250
Days on Market8
Property Features for 2791 Woodland Ter Se
General Information
Standard status
Active
Size
5,600 SF
Total Parking Spaces
28
Lot size
1.09 Acres
Additional Details
Highway Access
Yes
Amenities
break room
full kitchen
washer/dryer
multi-purpose room
conference room
fob-controlled entry system
shower
Building Details
Year Built
2008
Year Renovated
2024
Buildings
1
Stories
1
Building Size
5,600 SF
Construction
brick
Listing Agency:
NAI Elrod Group
(678) 859-6110
Listed By:
Brian Elrod · License ##251606
(678) 859-6110
Source:
Exprealty
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 20 at 12:13PM
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 NAI Elrod Group
Investment Insights
Based on property information with market context.
The 5,600 SF freestanding office building occupies 1.09 acres and was built in 2008, with a permitted remodel completed in 2024. Its single-story, all-brick construction includes seven private offices, four restrooms, and a break room equipped with a full kitchen, stove, dishwasher, ice maker, washer, and dryer. One restroom includes a shower. Separate conference and multi-purpose rooms provide distinct settings for meetings or training, while six HVAC units support the building. Entry is managed through a fob-controlled access system, and the site provides 28 parking spaces.
Located off Spring Rd SE near Cobb Pkwy (US-41), the property is approximately ½ mile from Cobb Parkway, 0.7 miles from I-285, and approximately 2 miles from I-75. Cobb Pkwy carries 34,500 vehicles per day. Cobb Convention Center – Atlanta, Truist Park, and The Battery Atlanta are each less than one mile away, within the Cumberland commercial district.
Located off Spring Rd SE near Cobb Pkwy (US-41), the property is approximately ½ mile from Cobb Parkway, 0.7 miles from I-285, and approximately 2 miles from I-75. Cobb Pkwy carries 34,500 vehicles per day. Cobb Convention Center – Atlanta, Truist Park, and The Battery Atlanta are each less than one mile away, within the Cumberland commercial district.
Key Highlights
- 5,600 SF freestanding office building on 1.09 acres
- Permitted remodel completed in 2024; built in 2008
- Seven private offices plus separate conference and multi‑purpose rooms
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
$74,990
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
5.36%
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%
$1,499,800
$1.5M
Cap Rate 7%
$1,071,286
$1.1M
Cap Rate 9%
$833,222
$833.2K
Market Conditions
NOI Build-Up for 5,600 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
$133.7K $23.87/SF
− Vacancy
−$33.7K −$6.02/SF
EGI
$100.0K $17.85/SF
− OpEx
−$25.0K −$4.46/SF
NOI
$75.0K $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%
$1,499,800
Cap Rate 7%
$1,071,286
Cap Rate 9%
$833,222
Alternative Uses
Best Use
Office B
$1.07M
$937.4K – $1.25M
NOI $74,990 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,074 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,185
Businesses Nearby
Explore this area
Business Placement
Demographics for 30080, GA
52,125
Population
27,081
Households
1.9
Avg Household Size
35
Median Age
58%
College-Educated
94%
High-School Grad
12.6 sq mi
ZIP Area
4,137
Density / Sq Mi
$87,949
Median Household Income
$59,267
Median Earnings
$1,660
Median Rent
$409,700
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 building - Single-story office property with private work areas, two meeting spaces, and a full kitchen.
Where is this office building located?
The property is located at 2791 Woodland Ter Se Smyrna, GA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 5,600 SF freestanding office building on 1.09 acres; Permitted remodel completed in 2024; built in 2008; Seven private offices plus separate conference and multi‑purpose rooms
