Office Building with Meeting
For Sale
Under Contract
$1,400,000
2791 Woodland Terrace, Smyrna, GA 30080
Commercial Sale, Smyrna, GA
Property Size5,600 SF
Lot Size1.09 Acres
Price / SF$250
Days on Market46
Property Features for 2791 Woodland Terrace
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
28
Appliances
Dryer, Dishwasher, Electric Water Heater, Ice Maker, Microwave, Oven, Range, Refrigerator, Washer
Directions
Exit I-285 at Cobb Pkwy/US-41 (Exit 19) and follow Cobb Pkwy to Spring Rd SE. Turn onto Spring Rd SE, then turn onto Woodland Terrace SE. The property is on the left.
Standard status
Active Under Contract
APN
17084700240
Size
5,600 SF
Lot size
1.09 Acres
Taxes and HOA fees
Tax Description
14541 5253
Legal Description
14541 5253
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
break room with full kitchen
multi-purpose room
conference room
fob-controlled entry
shower
Building Details
Year built
2008
Floors in Building
1
Building materials
Brick
Architectural style
Other
Listing Agency:
NAI Elrod Group
(706) 553-1000
Listed By:
Brian Elrod · License #251606
(678) 859-6110
Added: Aug 13
Changed: Sep 27
Last Checked: Sep 27 at 5:06AM
MLS# CL362611
Copyright © 2026 Hive MLS. 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 5,600-square-foot freestanding office building occupies 1.09 acres and was constructed in 2008, with a permitted remodel completed in 2024. The single-story, all-brick property offers seven private offices, four restrooms, a break room with a full kitchen, and separate conference and multipurpose rooms. Kitchen equipment includes a stove, dishwasher, ice maker, washer, and dryer. Six HVAC units support the building, while a fob-based entry system manages access. The site includes 28 parking spaces.
Located off Spring Rd SE in Smyrna, the property is near Cobb Pkwy (US-41), which carries 34,500 vehicles per day. Cobb Parkway is approximately 1/2 mile away, I-285 is 0.7 miles away, and I-75 is approximately 2 miles away. Cobb Convention Center - Atlanta, Truist Park, and The Battery Atlanta are each less than one mile from the property.
Located off Spring Rd SE in Smyrna, the property is near Cobb Pkwy (US-41), which carries 34,500 vehicles per day. Cobb Parkway is approximately 1/2 mile away, I-285 is 0.7 miles away, and I-75 is approximately 2 miles away. Cobb Convention Center - Atlanta, Truist Park, and The Battery Atlanta are each less than one mile from the property.
Key Highlights
- 5,600 SF freestanding office building on 1.09 acres
- 2008 construction with permitted remodel completed in 2024
- Seven private offices, conference room, and separate multipurpose room
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
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,271
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Freestanding, single-story office property with private offices, kitchen facilities, and controlled access.
Where is this office building located?
The property is located at 2791 Woodland Terrace 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; 2008 construction with permitted remodel completed in 2024; Seven private offices, conference room, and separate multipurpose room
