13-Bedroom Assisted Living
For Sale
$799,000
340 Lockheed Avenue SE, Marietta, GA 30060
Remodeled facility includes a commercial-grade kitchen, recreation area, ADA-compliant bathrooms, and secured gated access.
Property Size3,744 SF
Days on Market104
Property Features for 340 Lockheed Avenue SE
General Information
Standard status
Active
Size
3,744 SF
Property subtype
Business
Occupancy
100%
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$6,761
Amenities
spacious recreation area
commercial-grade kitchen
ADA-compliant bathrooms
dedicated on-site manager's office
full fencing and gated access
thoughtfully maintained green space
Building Details
Building Size
3,744 SF
Year Built
1970
Tenancy
Single
Abandoned
No
Listing Agency:
Zellerman
Listed By:
JASON E FOX
Source:
Evatlanta
Added: Apr 24
Changed: Aug 2
Last Checked: Aug 5 at 4:35AM
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 Zellerman
Investment Insights
Based on property information with market context.
Built in 1970, this 13-bedroom assisted living facility has undergone extensive remodeling and is currently 100% occupied. The furnished property includes resident rooms, a recreation area, a commercial-grade kitchen, ADA-compliant bathrooms, a fire sprinkler system, and an on-site manager’s office. Full fencing, gated entry, on-site parking, and maintained green space are also part of the improvements.
Operations are supported by an established tenant under a long-term lease with approximately 10% annual rent escalations. The facility is described as compliant with applicable zoning regulations, licenses, and permits. Interior showings are limited to the inspection due diligence period and require an escort from the listing office.
Operations are supported by an established tenant under a long-term lease with approximately 10% annual rent escalations. The facility is described as compliant with applicable zoning regulations, licenses, and permits. Interior showings are limited to the inspection due diligence period and require an escort from the listing office.
Key Highlights
- 13‑bedroom assisted living facility built in 1970
- Currently 100% occupied by an established tenant
- Long‑term lease with approximately 10% annual rent escalations
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.5k | $26.04 |
| − Vacancy | −$6.0k | −$1.61 |
| EGI | $91.4k | $24.43 |
| − OpEx | −$41.2k | −$10.99 |
| NOI | $50.3k | $13.43 |
3,744 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$718.5K
$628.7K – $838.3K
NOI $50,297 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$919.9K – $1.23M
NOI $73,592 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Remodeled facility includes a commercial-grade kitchen, recreation area, ADA-compliant bathrooms, and secured gated access.
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 $799,000.
What are key features of this property?
This property features: 13‑bedroom assisted living facility built in 1970; Currently 100% occupied by an established tenant; Long‑term lease with approximately 10% annual rent escalations
