Mixed-Use Property with Office
For Sale
$255,000
717 Washington Ave NE, Marietta, GA 30060
CRC-zoned building with multiple rooms, reception area, and kitchen.
Property Size1,700 SF
Price / SF$169.21
Days on Market8
Property Features for 717 Washington Ave NE
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Commercial
Zoning
CRC
Property Condition
Severity
Repairs Needed
Evidence
mid-renovation
Building Details
Year Built
1950
Building Size
1,700 SF
Listing Agency:
Atlanta Communities
Listed By:
Christine McKinnell
Source:
Searchhomesinsavannah
Added: Aug 31
Changed: Sep 7
Last Checked: Sep 7 at 10:16AM
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.
This mixed-use property was built in 1950 and is currently in transitional renovation condition. The existing layout includes multiple rooms, a reception area, and a kitchen, reflecting its prior use as office space. Interior improvements are needed, particularly in the kitchen and other interior areas.
The property is zoned CRC, or Community Retail Commercial, with the source information identifying office, retail, and limited residential or live-work functionality as compatible possibilities. Located approximately 1 mile from Marietta Square, the building can support redevelopment into updated office space, retail use, or a live-work configuration.
The property is zoned CRC, or Community Retail Commercial, with the source information identifying office, retail, and limited residential or live-work functionality as compatible possibilities. Located approximately 1 mile from Marietta Square, the building can support redevelopment into updated office space, retail use, or a live-work configuration.
Key Highlights
- CRC zoning identified for office, retail, and limited residential or live‑work uses
- Approximately 1 mile from Marietta Square
- Existing office‑style layout with multiple rooms and reception area
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
$20,180
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
7.91%
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%
$403,600
$403.6K
Cap Rate 7%
$288,286
$288.3K
Cap Rate 9%
$224,222
$224.2K
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
$36.0K $23.87/SF
− Vacancy
−$9.1K −$6.02/SF
EGI
$26.9K $17.85/SF
− OpEx
−$6.7K −$4.46/SF
NOI
$20.2K $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%
$403,600
Cap Rate 7%
$288,286
Cap Rate 9%
$224,222
Alternative Uses
Best Use
Office B
$288.3K
$252.3K – $336.3K
NOI $20,180 @ 7.0% cap · market cap 7.91%
Second Best
Mixed Use
$284.2K
$248.7K – $331.5K
NOI $19,892 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$423.2K
$370.3K – $493.7K
NOI $29,622 @ 7.0% cap · market cap 11.62%
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 multiple rooms, reception area, and kitchen.
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 $255,000.
What are key features of this property?
This property features: CRC zoning identified for office, retail, and limited residential or live‑work uses; Approximately 1 mile from Marietta Square; Existing office‑style layout with multiple rooms and reception area
