Four-Suite Office
For Sale
$830,000
2854 Johnson Ferry Rd, Marietta, GA 30062
Fully leased business-park property with private offices, conference rooms, kitchens, storage areas, and restrooms.
Property Size4,350 SF
Price / SF$190.80
Days on Market66
Property Features for 2854 Johnson Ferry Rd
General Information
Standard status
Active
Size
4,350 SF
Building Details
Year Built
1996
Listing Agency:
BHHS Georgia Properties
Listed By:
Neda Gayle · License #369337
(615) 477-3152
Source:
Jetsetrealty
Added: Jul 3
Changed: Sep 5
Last Checked: Sep 5 at 9:51AM
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
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.
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 = 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
$58,251
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
7.02%
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%
$1,165,020
$1.2M
Cap Rate 7%
$832,157
$832.2K
Cap Rate 9%
$647,233
$647.2K
Market Conditions
NOI Build-Up for 4,350 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
$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 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%
$1,165,020
Cap Rate 7%
$832,157
Cap Rate 9%
$647,233
Alternative Uses
Best Use
Office B
$832.2K
$728.1K – $970.9K
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
NOI $85,504 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
