Office Building with Flexible
For Sale
$849,900
329 Lawrence St NE, Marietta, GA 30060
OI-zoned office property with private rooms, open workspace, and conference space near Marietta Square.
Property Size2,154 SF
Price / SF$394.57
Days on Market41
Property Features for 329 Lawrence St NE
General Information
Standard status
Active
Size
2,154 SF
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty Atl North
(678) 337-3233
Listed By:
Matthew Judy
Source:
Atlantarealestatedirectory
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 4:01AM
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 Keller Williams Realty Atl North
Investment Insights
Based on property information with market context.
This 2,154-square-foot office building dates to 1900 and includes a practical mix of private offices, open workspace, and a conference room. The configuration supports current occupancy while allowing interior customization for professional, medical, boutique service retail, or institutional applications identified under the City of Marietta’s Office-Institutional zoning.
Located at 329 Lawrence St NE in Downtown Marietta, the property is near Marietta Square, with restaurants, retail, and community amenities within walking distance. Its proximity to the courthouse is reflected in the surrounding concentration of law firms, and the property is currently used as a law office. An oversized lot provides additional land area relative to surrounding properties.
Located at 329 Lawrence St NE in Downtown Marietta, the property is near Marietta Square, with restaurants, retail, and community amenities within walking distance. Its proximity to the courthouse is reflected in the surrounding concentration of law firms, and the property is currently used as a law office. An oversized lot provides additional land area relative to surrounding properties.
Key Highlights
- 2,154 SF office building
- Office‑Institutional (OI) zoning in the City of Marietta
- Private offices, open workspace, and conference 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
$28,844
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
3.39%
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%
$576,880
$576.9K
Cap Rate 7%
$412,057
$412.1K
Cap Rate 9%
$320,489
$320.5K
Market Conditions
NOI Build-Up for 2,154 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
$51.4K $23.87/SF
− Vacancy
−$13.0K −$6.02/SF
EGI
$38.5K $17.85/SF
− OpEx
−$9.6K −$4.46/SF
NOI
$28.8K $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%
$576,880
Cap Rate 7%
$412,057
Cap Rate 9%
$320,489
Alternative Uses
Best Use
Office B
$412.1K
$360.6K – $480.7K
NOI $28,844 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$604.8K
$529.2K – $705.7K
NOI $42,339 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,884
Businesses Nearby
Explore this area
Business Placement
Demographics for 30060, GA
39,890
Population
15,036
Households
2.7
Avg Household Size
32
Median Age
29%
College-Educated
79%
High-School Grad
15.5 sq mi
ZIP Area
2,574
Density / Sq Mi
$62,180
Median Household Income
$34,537
Median Earnings
$1,344
Median Rent
$282,200
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 - OI-zoned office property with private rooms, open workspace, and conference space near Marietta Square.
Where is this office building located?
The property is located at 329 Lawrence St NE Marietta, GA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 2,154 SF office building; Office‑Institutional (OI) zoning in the City of Marietta; Private offices, open workspace, and conference room
