End-Unit Professional Office
For Sale
$225,000
Pending
500-600 Kennesaw Ave Nw, Marietta, GA 30060
Move-in-ready office suite with private offices, conference space, reception, kitchenette, and convenient surface parking.
Property Size1,100 SF
Days on Market17
Property Features for 500-600 Kennesaw Ave Nw
General Information
Standard status
Pending
Size
1,100 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$582
Building Details
Tenancy
Single
Owner Occupied
No
Listing Agency:
Chambers Select Realty
(404) 593-5156
Listed By:
Amber Stout · License #422406
(678) 926-4584
Source:
Exprealty
Added: Aug 24
Changed: Sep 4
Last Checked: Sep 8 at 11:12AM
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 Chambers Select Realty
Investment Insights
Based on property information with market context.
This approximately 1,100-square-foot office condominium is configured with three private offices, a dedicated conference room, reception area, kitchenette, and restroom. As an end unit, it benefits from abundant windows, including a corner office with glazing on two sides. Neutral finishes, crown molding, new windows, and a new front stoop contribute to a polished professional setting. The association replaced the roof within the past five years.
The office is part of the 600 Kennesaw Avenue condominium community in Marietta, with surface parking and access to downtown Marietta, Marietta Square, Wellstar Kennestone Hospital, Cobb Parkway, and I-75. The property is currently occupied by a law firm tenant, offering an existing income-producing configuration for an investor or future owner-user. Its layout is suited to legal, financial, insurance, consulting, medical, and other professional services.
The office is part of the 600 Kennesaw Avenue condominium community in Marietta, with surface parking and access to downtown Marietta, Marietta Square, Wellstar Kennestone Hospital, Cobb Parkway, and I-75. The property is currently occupied by a law firm tenant, offering an existing income-producing configuration for an investor or future owner-user. Its layout is suited to legal, financial, insurance, consulting, medical, and other professional services.
Key Highlights
- Approximately 1,100 square feet with three private offices and a dedicated conference room
- End‑unit layout with abundant windows and a corner office featuring two‑sided exposure
- Reception area, kitchenette, restroom, neutral finishes, and crown molding
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
$14,730
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
6.55%
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%
$294,600
$294.6K
Cap Rate 7%
$210,429
$210.4K
Cap Rate 9%
$163,667
$163.7K
Market Conditions
NOI Build-Up for 1,100 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
$26.3K $23.87/SF
− Vacancy
−$6.6K −$6.02/SF
EGI
$19.6K $17.85/SF
− OpEx
−$4.9K −$4.46/SF
NOI
$14.7K $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 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%
$294,600
Cap Rate 7%
$210,429
Cap Rate 9%
$163,667
Alternative Uses
Best Use
Office B
$210.4K
$184.1K – $245.5K
NOI $14,730 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.9K
$270.3K – $360.4K
NOI $21,622 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,986
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready office suite with private offices, conference space, reception, kitchenette, and convenient surface parking.
Where is this office units located?
The property is located at 500-600 Kennesaw Ave Nw Marietta, GA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Approximately 1,100 square feet with three private offices and a dedicated conference room; End‑unit layout with abundant windows and a corner office featuring two‑sided exposure; Reception area, kitchenette, restroom, neutral finishes, and crown molding
