CRC Mixed-Use
New
For Sale
$255,000
717 Washington Avenue NE, Marietta, GA 30060
Commercial Sale, Marietta, GA
Property Size1,507 SF
Lot Size0.35 Acres
Price / SF$169.21
Days on Market4
Property Features for 717 Washington Avenue NE
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
4
Parking features
Parking Lot
Lot features
Level
Directions
GPS
Standard status
Active
APN
16121400980
Size
1,507 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
929
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Flooring type
Tile, Hardwood
Building materials
Frame, Wood Siding
Roof type
Composition
Listing Agency:
Atlanta Communities
(770) 240-2004
Listed By:
Christine Mckinnell · License #178409
(678) 886-7795
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 4 at 5:06PM
MLS# 10839633
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property occupies a 0.348-acre lot and is located approximately 1 mile from Marietta Square. Built in 1950, the building has a frame structure with wood siding, tile and hardwood flooring, central heating, central air, and a composition roof.
The interior has been used for office purposes and 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. CRC zoning supports a commercial setting with potential for retail, office, and limited residential or live-work use, subject to applicable requirements. Public water and public sewer serve the property, and a parking lot is included.
The interior has been used for office purposes and 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. CRC zoning supports a commercial setting with potential for retail, office, and limited residential or live-work use, subject to applicable requirements. Public water and public sewer serve the property, and a parking lot is included.
Key Highlights
- CRC (Community Retail Commercial) zoning
- 0.348‑acre lot approximately 1 mile from Marietta Square
- Office layout with multiple rooms, reception area, and kitchen
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office-configured building with kitchen and multiple rooms in transitional condition for commercial or live-work redevelopment.
Where is this mixed-use property located?
The property is located at 717 Washington Avenue 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 (Community Retail Commercial) zoning; 0.348‑acre lot approximately 1 mile from Marietta Square; Office layout with multiple rooms, reception area, and kitchen
