Remodeled Assisted Living
For Sale
$785,000
340 Lockheed Avenue SE, Marietta, GA 30060
Commercial Sale, Marietta, GA
Property Size3,744 SF
Lot Size0.63 Acres
Price / SF$209.67
Days on Market186
Property Features for 340 Lockheed Avenue SE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
0&I
Parking
11
Parking features
Parking Lot
Security features
Security Lighting
Window features
Insulated Windows
Interior features
Living Space Available, Reception Area, Restrooms
Fencing
Perimeter, Fenced, Privacy, Gate
Accessibility
Accessible Approach with Ramp
Lot features
Level, Rectangular Lot
Directions
From Marietta Square, East on South Marietta Parkway to left on Lockheed Ave. Building on left
Standard status
Active
APN
17050400870
Size
3,744 SF
Lot size
0.63 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6761
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
spacious recreation area
commercial-grade kitchen
ADA-compliant bathrooms
dedicated on-site manager's office
full fencing
thoughtfully maintained green space
Building Details
Year built
1970
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Zellerman
Listed By:
JASON E FOX
(404) 239-7500
Added: Apr 24
Changed: Oct 24
Last Checked: Oct 26 at 6:06PM
MLS# 7760177
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.
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Investment Insights
Based on property information with market context.
This 3744-square-foot assisted living facility occupies 0.63 acres and includes 13 bedrooms, a recreation area, reception space, restrooms, and an on-site manager’s office. The building has been extensively remodeled and is furnished, with a commercial-grade kitchen, fire sprinkler system, ADA-compliant bathrooms, ceramic tile flooring, central heating, and central air. Frame construction dates to 1970, with public water and public sewer serving the property.
The site is enclosed with perimeter privacy fencing and gated access, and includes a parking lot and maintained green space. The property is currently 100% occupied by a healthcare tenant under a long-term lease that provides approximately 10% annual rent escalations. The sale includes the real estate only, not the operating business. Zoning is 0&I.
The site is enclosed with perimeter privacy fencing and gated access, and includes a parking lot and maintained green space. The property is currently 100% occupied by a healthcare tenant under a long-term lease that provides approximately 10% annual rent escalations. The sale includes the real estate only, not the operating business. Zoning is 0&I.
Key Highlights
- 13‑bedroom assisted living facility on 0.63 acres
- 3744 square feet with 100% occupancy
- Long‑term healthcare tenant with approximately 10% annual rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,297
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,940
$1.0M
Cap Rate 7%
$718,529
$718.5K
Cap Rate 9%
$558,856
$558.9K
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$97.5K $26.04/SF
− Vacancy
−$6.0K −$1.61/SF
EGI
$91.4K $24.43/SF
− OpEx
−$41.2K −$10.99/SF
NOI
$50.3K $13.43/SF
Area
Cobb County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,940
Cap Rate 7%
$718,529
Cap Rate 9%
$558,856
Alternative Uses
Best Use
Apartment 5plus
$718.5K
$628.7K – $838.3K
NOI $50,297 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$919.9K – $1.23M
NOI $73,592 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,467
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Furnished senior-care property with gated access, resident amenities, and dedicated on-site management space.
Where is this assisted living facility located?
The property is located at 340 Lockheed Avenue SE Marietta, GA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 13‑bedroom assisted living facility on 0.63 acres; 3744 square feet with 100% occupancy; Long‑term healthcare tenant with approximately 10% annual rent escalations
