Office Building with Flexible
For Sale
$775,000
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$359.80
Days on Market89
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
Listed By:
Matthew Judy
(678) 337-3233
Source:
Atlantarealestatedirectory
Added: Jul 21
Changed: Oct 12
Last Checked: Oct 7 at 5:27PM
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
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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 / Yr
$28,844
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
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
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 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 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$604.8K
$529.2K – $705.7K
NOI $42,339 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,884
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
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 $775,000.
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
