Marietta Parkway Office
For Sale
$2,100,000
361 N Marietta Pkwy, Marietta, GA 30060
Office building for sale on North Marietta Parkway.
Property Size9,910 SF
Days on Market153
Property Features for 361 N Marietta Pkwy
General Information
Standard status
Active
Size
9,910 SF
Class
C
Property subtype
Office
Zoning
OI
Building Details
Building Size
9,910 SF
Year Built
1987
Stories
2
Listing Agency:
Cumberland & Worthy
Listed By:
Nick Fitzpatrick
(404) 441-7896
Source:
Commercialcafe
Added: May 20
Changed: Oct 16
Last Checked: Oct 16 at 6:17AM
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 Cumberland & Worthy
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is an office building located on North Marietta Parkway. It is available for sale.
Key Highlights
- Office building for sale.
- Located on North Marietta Parkway.
- Built in 1987.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,706
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,654,120
$2.7M
Cap Rate 7%
$1,895,800
$1.9M
Cap Rate 9%
$1,474,511
$1.5M
Market Conditions
NOI Build-Up for 9,910 SF
Gross rent
$236.6K $23.87/SF
− Vacancy
−$59.6K −$6.02/SF
EGI
$176.9K $17.85/SF
− OpEx
−$44.2K −$4.46/SF
NOI
$132.7K $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%
$2,654,120
Cap Rate 7%
$1,895,800
Cap Rate 9%
$1,474,511
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.21M
NOI $132,706 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.25M
NOI $194,791 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,667
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
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building for sale on North Marietta Parkway.
Where is this office building located?
The property is located at 361 N Marietta Pkwy Marietta, GA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Office building for sale.; Located on North Marietta Parkway.; Built in 1987.
