Acworth Medical Office Investment
For Sale
Contact for pricing
3889 Cobb Parkway Northwest, Acworth, GA 30101
Stabilized single-tenant medical office building for sale in Acworth, Georgia.
Property Size5,694 SF
Lot Size1.50 Acres
Price / SF$439.06
Days on Market96
Property Features for 3889 Cobb Parkway Northwest
General Information
Standard status
Active
Size
5,694 SF
Class
B
Lot size
1.50 Acres
Property subtype
Office
Zoning
GC District
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
1976
Year Renovated
2009
Units
1
Tenancy
Single
Listing Agency:
Concord Realty Services
Listed By:
Pamela Zoellner · License #322123
Source:
Crexi
Added: May 26
Changed: Aug 17
Last Checked: Aug 26 at 8:31PM
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 Concord Realty Services
Investment Insights
Based on property information with market context.
The property at 3889 N. Cobb Parkway, Acworth, Georgia, presents a stabilized single-tenant medical office investment opportunity. The 5,694 square foot medical office building is positioned along Cobb Parkway (US-41), a primary retail, commuter, and commercial corridor in northwest Atlanta. Situated at the intersection of Highway 41 and Highway 92, the property benefits from visibility and direct access, with exposure to approximately 33,000 vehicles per day. The building is leased to Bubolo Medical, an established practice that has operated at the location for over 24 years. The tenant occupies the property under a Triple Net (NNN) lease with annual rental increases. Constructed in 1976 and renovated in 2009, the property features interior finishes, a medical buildout, parking, signalized access, and a new roof installed in 2023. The property is situated on approximately 1.5 acres. The General Commercial (GC) District zoning classification allows for future redevelopment or adaptive reuse of the site. The location offers corridor frontage, signalized access, and growth throughout the surrounding market, providing flexibility beyond the existing medical office use.
Key Highlights
- Stabilized single‑tenant medical office investment with an established tenant operating at the location for over 24 years.
- Strategic location on Cobb Parkway (US‑41) at the signalized intersection of Highway 41 and Highway 92, providing exceptional visibility and high traffic exposure (approximately 33,000 vehicles per day).**
- Triple Net (NNN) lease structure with annual rental increases, offering stable in‑place income and limited management responsibilities.
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
$82,557
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
3.30%
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%
$1,651,140
$1.7M
Cap Rate 7%
$1,179,386
$1.2M
Cap Rate 9%
$917,300
$917.3K
Market Conditions
NOI Build-Up for 5,694 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
$153.7K $27.00/SF
− Vacancy
−$16.1K −$2.84/SF
EGI
$137.6K $24.17/SF
− OpEx
−$55.0K −$9.67/SF
NOI
$82.6K $14.50/SF
Area
Cherokee 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%
$1,651,140
Cap Rate 7%
$1,179,386
Cap Rate 9%
$917,300
Alternative Uses
Best Use
Healthcare Medical
$1.18M
$1.03M – $1.38M
NOI $82,557 @ 7.0% cap · market cap 3.30%
Second Best
Office B
$1.09M
$953.1K – $1.27M
NOI $76,249 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $111,921 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30101, GA
61,989
Population
21,788
Households
2.8
Avg Household Size
39
Median Age
43%
College-Educated
94%
High-School Grad
41.0 sq mi
ZIP Area
1,512
Density / Sq Mi
$107,004
Median Household Income
$52,779
Median Earnings
$1,679
Median Rent
$376,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Stabilized single-tenant medical office building for sale in Acworth, Georgia.
Where is this medical office space located?
The property is located at 3889 Cobb Parkway Northwest Acworth, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Stabilized single‑tenant medical office investment with an established tenant operating at the location for over 24 years.; Strategic location on Cobb Parkway (US‑41) at the signalized intersection of Highway 41 and Highway 92, providing exceptional visibility and high traffic exposure (approximately 33,000 vehicles per day).**; Triple Net (NNN) lease structure with annual rental increases, offering stable in‑place income and limited management responsibilities.
