Infill Development Site with
For Sale
$899,000
Pending
493 Waterman Street Southeast, Marietta, GA 30060
Infill site with move-in-ready office spaces, 2-car bays, and a standalone EcoHut, offered for redevelopment.
Property Size4,936 SF
Days on Market297
Property Features for 493 Waterman Street Southeast
General Information
Standard status
Pending
Size
4,936 SF
Total Parking Spaces
18
Property subtype
Commercial Sale / Mixed Use
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,699
Amenities
Central Air, Electric
Central, Natural Gas
Hardwood, Ceramic Tile
Slab
Two
Furniture
Insulated Windows
Reception Area, Recessed Lighting, Restrooms, Track Lighting, Other
Dock
No
Storage - Other
Asphalt
Carbon Monoxide Detector(s), Fire Alarm, Security Lights
5
County Road
Concrete
Building Details
Year Built
1995
Listing Agency:
Compass
Listed By:
LaToya Robinson · License #373864
(404) 585-8797
Source:
Compass
Added: Jan 8
Changed: Oct 25
Last Checked: Oct 30 at 5:11PM
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 Compass
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Investment Insights
Based on property information with market context.
493 Waterman Street presents an infill development opportunity with residential and mixed-use potential. The site includes a recently renovated building with move-in-ready office spaces and 2-car bays, along with a standalone EcoHut structure that can provide immediate functional use during early planning. The EcoHut may serve as a temporary construction or development office, sales or leasing workspace, a creative studio, or a flexible accessory space, depending on the final development plan.
Development strategies described for the site include ground-up construction of approximately 3–4 single-family residences or a mixed-use/neighborhood commercial concept, subject to zoning and municipal approvals. Public utilities are available, and buyer verification is required for all zoning, land use, density, and development feasibility with Cobb County and applicable authorities.
Development strategies described for the site include ground-up construction of approximately 3–4 single-family residences or a mixed-use/neighborhood commercial concept, subject to zoning and municipal approvals. Public utilities are available, and buyer verification is required for all zoning, land use, density, and development feasibility with Cobb County and applicable authorities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,098
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,960
$1.3M
Cap Rate 7%
$944,257
$944.3K
Cap Rate 9%
$734,422
$734.4K
Market Conditions
NOI Build-Up for 4,936 SF
Gross rent
$117.8K $23.87/SF
− Vacancy
−$29.7K −$6.02/SF
EGI
$88.1K $17.85/SF
− OpEx
−$22.0K −$4.46/SF
NOI
$66.1K $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%
$1,321,960
Cap Rate 7%
$944,257
Cap Rate 9%
$734,422
Alternative Uses
Best Use
Office B
$944.3K
$826.2K – $1.10M
NOI $66,098 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,022 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,751
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
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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 unit - Infill site with move-in-ready office spaces, 2-car bays, and a standalone EcoHut, offered for redevelopment.
Where is this office unit located?
The property is located at 493 Waterman Street Southeast Marietta, GA.
What is the asking price?
The asking price for this property is $899,000.
