Office Building with Large
For Sale
$849,900
329 lawrence Street NE, Marietta, GA 30060
Commercial Sale, Marietta, GA
Property Size2,154 SF
Lot Size0.55 Acres
Price / SF$394.57
Days on Market94
Property Features for 329 lawrence Street NE
General Information
Property type
Residential
Property subtype
Office
Zoning
O&I
Parking
12
Parking features
Parking Lot
Security features
Security
Window features
Wood Frames
Interior features
High Ceilings 10 or Greater, Reception Area, Restrooms
Lot features
Rectangular Lot
View
City
Directions
Google Maps
Standard status
Active
Size
2,154 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2539
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1900
Floors in Building
1
Flooring type
Hardwood
Building materials
Wood Siding
Roof type
Wood
Listing Agency:
Keller Williams Realty Atl North
(770) 509-0700
Listed By:
Matthew Judy
(678) 337-3233
Added: Jun 10
Changed: Sep 3
Last Checked: Sep 11 at 3:06AM
MLS# 7785722
Copyright © 2026 First Multiple Listing Service, Inc. 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 2,154-square-foot office building occupies a 0.55-acre parcel in Marietta. The interior includes private offices, open workspace, a conference room, reception area, and restrooms, with hardwood flooring and ceilings of 10 feet or greater. Central heating and central air serve the building, which was constructed in 1900 and features wood siding and a wood roof.
Zoned O&I by the City of Marietta, the property is positioned near Marietta Square and the courthouse. The surrounding area includes law firms, and the site is within walking distance of restaurants, retail, and community amenities. A parking lot provides on-site parking, while cable is available. The configuration supports an existing office use and offers multiple interior areas for work, meetings, and reception functions.
Zoned O&I by the City of Marietta, the property is positioned near Marietta Square and the courthouse. The surrounding area includes law firms, and the site is within walking distance of restaurants, retail, and community amenities. A parking lot provides on-site parking, while cable is available. The configuration supports an existing office use and offers multiple interior areas for work, meetings, and reception functions.
Key Highlights
- 2,154 SF office building on a 0.55‑acre lot
- O&I zoning within 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
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Open Analytics
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
Check the figures for this property
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - O&I-zoned office property with private rooms, open workspace, reception area, and on-site parking.
Where is this office building located?
The property is located at 329 lawrence Street 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 on a 0.55‑acre lot; O&I zoning within the City of Marietta; Private offices, open workspace, and conference room
