Office Condominium End
For Sale
$225,000
600 Kennesaw Avenue NW Unit 500, Marietta, GA 30060
Efficient professional suite with private offices, conference space, reception, kitchenette, and restroom.
Property Size2,000 SF
Price / SF$203.62
Days on Market9
Property Features for 600 Kennesaw Avenue NW Unit 500
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Other
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
0.025 acres, Business Park, Corner Lot, Level
Composition
Public Sewer
Annual Amount: $582, Year: 2025
Carpet, Tile
Central Air
Central
Cumulative Days on Market: 6, 6 days on market, On Market Date: 2026-08-24
Parking Total: 2, Parking Lot
Built in 2000, Brick, Office
County: Cobb
Updated/Remodeled
Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available, Public
Close Of Escrow
Water body: NONE
Accessible Approach with Ramp, Accessible Doors, Accessible Entrance, Accessible Hallway(s)
Fixtures
Building Details
Building Size
2,000 SF
Year Built
2000
Tenancy
Single
Owner Occupied
No
Listing Agency:
Chambers Select Realty
(678) 926-4584
Listed By:
Amber Stout
(678) 926-4584
Source:
Blackstreaminternational
Added: Aug 24
Changed: Aug 31
Last Checked: Sep 1 at 6:02PM
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 1,105-square-foot office condominium occupies an end position within a 2000 office park community. The layout includes three private offices, a conference room, reception area, kitchenette, and restroom. Large windows provide natural light throughout, with two-sided exposure in the corner office. Interior features include neutral finishes and crown molding, while recent improvements include replacement windows and a new front stoop. The association replaced the roof within the past five years.
The property is located at 600 Kennesaw Avenue NW Unit 500 in Marietta, near Marietta Square, Wellstar Kennestone Hospital, Cobb Parkway, and I-75. Surface parking is available within the office condominium community, with access to downtown Marietta and the surrounding business area.
The suite is currently occupied by a law firm tenant, offering an existing occupancy profile for an investor or flexibility for a future owner-user.
The property is located at 600 Kennesaw Avenue NW Unit 500 in Marietta, near Marietta Square, Wellstar Kennestone Hospital, Cobb Parkway, and I-75. Surface parking is available within the office condominium community, with access to downtown Marietta and the surrounding business area.
The suite is currently occupied by a law firm tenant, offering an existing occupancy profile for an investor or flexibility for a future owner-user.
Key Highlights
- 1,105 SF end‑unit office condominium
- Three private offices plus a dedicated conference room
- Reception area, kitchenette, and restroom
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
$14,797
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
6.58%
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%
$295,940
$295.9K
Cap Rate 7%
$211,386
$211.4K
Cap Rate 9%
$164,411
$164.4K
Market Conditions
NOI Build-Up for 1,105 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
$26.4K $23.87/SF
− Vacancy
−$6.6K −$6.02/SF
EGI
$19.7K $17.85/SF
− OpEx
−$4.9K −$4.46/SF
NOI
$14.8K $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%
$295,940
Cap Rate 7%
$211,386
Cap Rate 9%
$164,411
Alternative Uses
Best Use
Office B
$211.4K
$185.0K – $246.6K
NOI $14,797 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.3K
$271.5K – $362.0K
NOI $21,720 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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 - Efficient professional suite with private offices, conference space, reception, kitchenette, and restroom.
Where is this office units located?
The property is located at 600 Kennesaw Avenue NW Unit 500 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: 1,105 SF end‑unit office condominium; Three private offices plus a dedicated conference room; Reception area, kitchenette, and restroom
