Building Details

Year Built 2004

Buildings 1

Listing Agency: The Mcgill Co Show Phone

Listed By: Intown Elite Show Phone

Source: Intownelite

Added: Sep 2 Changed: Oct 16 Last Checked: Oct 16 at 8:12AM

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Investment Insights

Based on property information with market context.

Located at 790 Pat Mell Road SE in Smyrna, Georgia, this multifamily property contains three separate residences arranged across upper, street-level, and finished lower-level spaces. Built in 2004, the building provides 2,484 total square feet, including 1,656 square feet above grade and an 828-square-foot finished lower level. The property includes three total bathrooms on a 0.17-acre lot.

The location offers access to I-285 and I-75, with Truist Park, The Battery Atlanta, Marietta Square, and the Chattahoochee River National Recreation Area nearby. The three units are leased and occupied, providing an existing rental setup for a buyer seeking a small-scale multifamily asset in Smyrna.

Key Highlights

• Three leased and occupied units
• 2,484 total square feet: 1,656 above grade plus 828 finished lower level
• Built in 2004

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,092

Cap Rate

6.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$721,840 $721.8K

Cap Rate 7%

$515,600 $515.6K

Cap Rate 9%

$401,022 $401.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,484 SF

Gross rent

$55.1K $22.20/SF

− Vacancy

−$3.6K −$1.44/SF

EGI

$51.6K $20.76/SF

− OpEx

−$15.5K −$6.23/SF

NOI

$36.1K $14.53/SF

Area

Cobb County, GA

Vacancy

6.50%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$721,840

Cap Rate 7%

$515,600

Cap Rate 9%

$401,022

Alternative Uses

Best Use

Multifamily LT 5

$515.6K

$451.2K – $601.5K (±1% cap)

NOI $36,092 @ 7.0% cap · market cap 6.03%

Second Best

Apartment 5plus

$476.7K

$417.1K – $556.2K (±1% cap)

NOI $33,370 @ 7.0% cap · market cap 5.57%

Theoretical Best

Office A

$697.5K

$610.3K – $813.8K (±1% cap)

NOI $48,826 @ 7.0% cap · market cap 8.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Parking Lot & Garage HVAC Service Home Appliance Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

100%

Occupancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

596

Businesses Nearby

Explore this area Business Placement

Demographics for 30080, GA

52,125

Population

27,081

Households

1.9

Avg Household Size

35

Median Age

58%

College-Educated

94%

High-School Grad

12.6 sq mi

ZIP Area

4,137

Density / Sq Mi

$87,949

Median Household Income

$59,267

Median Earnings

$1,660

Median Rent

$409,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - All three residences are currently leased and occupied.

Where is this triplex located?

The property is located at 790 Pat Mell Road SE Smyrna, GA.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Three leased and occupied units; 2,484 total square feet: 1,656 above grade plus 828 finished lower level; Built in 2004