Turnkey Eye Care Office
For Sale
Contact for pricing
3700 LARGENT WAY NW, Marietta, GA 30064
Built-out for an optometry or ophthalmology practice with multiple exam rooms, extensive plumbing, and patient-ready support areas.
Property Size2,847 SF
Price / SF$263.44
Days on Market102
Property Features for 3700 LARGENT WAY NW
General Information
Standard status
Active
Size
2,847 SF
Class
B
Property subtype
Office, Mixed Use, Special Purpose
Zoning
OI
Additional Details
Business Included
Yes
Building Details
Year Built
1991
Listing Agency:
Atlanta Leasing & Investment
Listed By:
Dave Aynes · License #GA317811
(404) 348-4448
Source:
Crexi
Added: May 27
Changed: Aug 22
Last Checked: Sep 4 at 10:29PM
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 Atlanta Leasing & Investment
Investment Insights
Based on property information with market context.
This turnkey eye care office suite delivers an exam-room-heavy layout tailored to optometry or ophthalmology. The space includes multiple exam rooms, a spacious waiting area, a dedicated file room, and a break room. Two bathrooms are included, along with sinks in every room to support day-to-day clinical workflow. Extensive plumbing throughout the suite is already in place, which also adds flexibility for other medical uses that require similar infrastructure.
The suite is located within a major medical complex in the East Cobb area of Marietta, positioned among complementary healthcare providers. Access and parking are designed for healthcare users and their patients, and the surrounding campus setting supports convenient patient visitation.
For an owner-user, the primary advantage is that the suite is professionally built out and ready for immediate clinical operation, with the core plumbing and exam-room configuration already established. For other medical operators, the exam-room layout and in-suite plumbing can reduce the need for major build-out changes, making it well-suited to practices that value established medical functionality.
The suite is located within a major medical complex in the East Cobb area of Marietta, positioned among complementary healthcare providers. Access and parking are designed for healthcare users and their patients, and the surrounding campus setting supports convenient patient visitation.
For an owner-user, the primary advantage is that the suite is professionally built out and ready for immediate clinical operation, with the core plumbing and exam-room configuration already established. For other medical operators, the exam-room layout and in-suite plumbing can reduce the need for major build-out changes, making it well-suited to practices that value established medical functionality.
Key Highlights
- Turnkey 2,900+ SF eye care office suite built out for optometry or ophthalmology
- Exam‑room–heavy layout with multiple exam rooms and sinks in every room
- Includes spacious waiting area, dedicated file room, and break 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
$41,279
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
5.50%
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%
$825,580
$825.6K
Cap Rate 7%
$589,700
$589.7K
Cap Rate 9%
$458,656
$458.7K
Market Conditions
NOI Build-Up for 2,847 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
$76.9K $27.00/SF
− Vacancy
−$8.1K −$2.84/SF
EGI
$68.8K $24.17/SF
− OpEx
−$27.5K −$9.67/SF
NOI
$41.3K $14.50/SF
Area
Cobb County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$825,580
Cap Rate 7%
$589,700
Cap Rate 9%
$458,656
Alternative Uses
Best Use
Healthcare Medical
$589.7K
$516.0K – $688.0K
NOI $41,279 @ 7.0% cap · market cap 5.50%
Second Best
Office B
$544.6K
$476.6K – $635.4K
NOI $38,124 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$799.4K
$699.5K – $932.7K
NOI $55,961 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30064, GA
50,568
Population
19,076
Households
2.7
Avg Household Size
43
Median Age
58%
College-Educated
96%
High-School Grad
30.7 sq mi
ZIP Area
1,647
Density / Sq Mi
$118,511
Median Household Income
$56,400
Median Earnings
$1,635
Median Rent
$420,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Built-out for an optometry or ophthalmology practice with multiple exam rooms, extensive plumbing, and patient-ready support areas.
Where is this medical office space located?
The property is located at 3700 LARGENT WAY NW Marietta, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Turnkey 2,900+ SF eye care office suite built out for optometry or ophthalmology; Exam‑room–heavy layout with multiple exam rooms and sinks in every room; Includes spacious waiting area, dedicated file room, and break room
