Building Details

Year Built 1996

Listing Agency: BHHS Georgia Properties

Listed By: Neda Gayle · License #369337 Show Phone

Source: Jetsetrealty

Added: Jul 3 Changed: Oct 2 Last Checked: Oct 5 at 11:44PM

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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 BHHS Georgia Properties

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Investment Insights

Based on property information with market context.

Built in 1996, this 4,350-square-foot office building contains four suites. Each suite includes a reception area, two private offices, a conference room, kitchen, storage space, and a private restroom, creating a consistent layout throughout the property. Interior finishes include carpet, laminate, and tile, while the site provides a paved parking lot.

The property is located within Providence Place business park in East Cobb at 2854 Johnson Ferry Road, Marietta, GA 30062. Banking, shopping, and restaurants are nearby. The building is fully leased and includes 2,400 feet of total road frontage.

Key Highlights

• Four office suites, each with reception, two private offices, conference room, kitchen, storage, and private restroom
• 4,350 SF office building constructed in 1996
• Fully leased office property in Providence Place business park

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,251

Cap Rate

7.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,165,020 $1.2M

Cap Rate 7%

$832,157 $832.2K

Cap Rate 9%

$647,233 $647.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,350 SF

Gross rent

$103.8K $23.87/SF

− Vacancy

−$26.2K −$6.02/SF

EGI

$77.7K $17.85/SF

− OpEx

−$19.4K −$4.46/SF

NOI

$58.3K $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 Rate 5%

$1,165,020

Cap Rate 7%

$832,157

Cap Rate 9%

$647,233

Alternative Uses

Best Use

Office B

$832.2K

$728.1K – $970.9K (±1% cap)

NOI $58,251 @ 7.0% cap · market cap 7.02%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,504 @ 7.0% cap · market cap 10.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

The Wilson Center for Well-Being, ... Counselor La Playa Holding ... Holding Company COMPASS COUNSELING AND CONSULTING ... Psychotherapist Mrs. Jodi Forman Foster Care Service Sojourners Counseling LLC ... Counselor

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Parking Lot & Garage Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

466

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Fully leased business-park property with private offices, conference rooms, kitchens, storage areas, and restrooms.

Where is this office building located?

The property is located at 2854 Johnson Ferry Rd Marietta, GA.

What is the asking price?

The asking price for this property is $830,000.

What are key features of this property?

This property features: Four office suites, each with reception, two private offices, conference room, kitchen, storage, and private restroom; 4,350 SF office building constructed in 1996; Fully leased office property in Providence Place business park