Mixed-Use Property with Office
For Sale
$400,000
717 Washington Ave NE, Marietta, GA 30060
CRC-zoned building with existing office rooms, reception space, and kitchen for commercial or live-work redevelopment.
Property Size1,507 SF
Price / SF$265.43
Days on Market119
Property Features for 717 Washington Ave NE
General Information
Standard status
Active
Size
1,507 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
Atlanta Communities
(404) 451-6447
Listed By:
Christine McKinnell (678-886-7795) · License #381672
Source:
Panhandlehomelistings
Added: May 4
Changed: Aug 29
Last Checked: Aug 25 at 7:29AM
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 Communities
Investment Insights
Based on property information with market context.
Located at 717 Washington Avenue NE, this mixed-use property was built in 1950 and is positioned 1 mile from Marietta Square. The CRC zoning designation supports a commercial setting with stated suitability for office, retail, or live-work redevelopment.
The existing configuration includes multiple rooms, a reception area, and a kitchen. The property is in transitional renovation condition, with interior areas and the kitchen identified for remodeling. Its current office-oriented layout can be adapted for continued commercial use or a live-work residential arrangement.
The existing configuration includes multiple rooms, a reception area, and a kitchen. The property is in transitional renovation condition, with interior areas and the kitchen identified for remodeling. Its current office-oriented layout can be adapted for continued commercial use or a live-work residential arrangement.
Key Highlights
- CRC zoning with stated suitability for office, retail, or live‑work redevelopment
- 1 mile from Marietta Square
- Built in 1950
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
$21,197
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
5.30%
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%
$423,940
$423.9K
Cap Rate 7%
$302,814
$302.8K
Cap Rate 9%
$235,522
$235.5K
Market Conditions
NOI Build-Up for 1,507 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
$33.1K $21.96/SF
− Vacancy
−$2.8K −$1.87/SF
EGI
$30.3K $20.09/SF
− OpEx
−$9.1K −$6.03/SF
NOI
$21.2K $14.07/SF
Area
Cobb County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$423,940
Cap Rate 7%
$302,814
Cap Rate 9%
$235,522
Alternative Uses
Best Use
Retail
$302.8K
$265.0K – $353.3K
NOI $21,197 @ 7.0% cap · market cap 5.30%
Second Best
Office B
$288.3K
$252.3K – $336.3K
NOI $20,180 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$423.2K
$370.3K – $493.7K
NOI $29,622 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,393
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?
Mixed-use property - CRC-zoned building with existing office rooms, reception space, and kitchen for commercial or live-work redevelopment.
Where is this mixed-use property located?
The property is located at 717 Washington Ave NE Marietta, GA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: CRC zoning with stated suitability for office, retail, or live‑work redevelopment; 1 mile from Marietta Square; Built in 1950
