Remodeled Assisted Living
For Sale
$799,000
340 Lockheed Avenue SE, Marietta, GA 30060
Commercial Sale, Marietta, GA
Property Size3,744 SF
Lot Size0.63 Acres
Price / SF$213.41
Days on Market141
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
Fenced, Perimeter, Gate, Privacy
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
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6761
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
recreation area
commercial-grade kitchen
ADA-compliant bathrooms
on-site manager's office
fenced and gated access
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 · License #243606
(404) 239-7500
Added: Apr 24
Changed: Sep 10
Last Checked: Sep 11 at 3:06AM
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.
Investment Insights
Based on property information with market context.
This assisted living facility in Marietta, Georgia, provides 13 bedrooms within a 3,744-square-foot building on 0.63 acres. The interior has been extensively remodeled and includes resident rooms, a recreation area, a commercial-grade kitchen, ceramic tile flooring, restrooms, and an on-site manager’s office. Fire sprinklers, ADA-compliant bathrooms, perimeter fencing, gated entry, and a parking lot support daily operations and resident access. The property is furnished and includes central heating, central air, public water, and public sewer.
The facility is 100% occupied by an established tenant with a waiting list. The lease includes approximately 10% annual rent escalations. Zoning is 0&I, and the property includes licenses and permits for its current operation. Built in 1970, the building also features an accessible approach with ramp and a recently upgraded kitchen.
The facility is 100% occupied by an established tenant with a waiting list. The lease includes approximately 10% annual rent escalations. Zoning is 0&I, and the property includes licenses and permits for its current operation. Built in 1970, the building also features an accessible approach with ramp and a recently upgraded kitchen.
Key Highlights
- 13‑bedroom assisted living facility with 3,744 SF of building area
- 0.63‑acre property in Marietta, GA
- 100% occupied with an established tenant and waiting list
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
$50,297
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
6.29%
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%
$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
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
$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 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%
$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 6.29%
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
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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 - Resident-focused facility with a commercial kitchen, accessible bathrooms, and secured parking.
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 with 3,744 SF of building area; 0.63‑acre property in Marietta, GA; 100% occupied with an established tenant and waiting list
