Flex Space with Office/Warehouse
For Sale
Contact for pricing
861 Washington Avenue, Marietta, GA 30060
Office and warehouse areas provide a practical configuration for varied business operations.
Property Size16,870 SF
Price / SF$148.19
Days on Market14
Property Features for 861 Washington Avenue
General Information
Standard status
Active
Size
16,870 SF
Property subtype
Industrial, Office
Zoning
CRC
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Stories
2
Listing Agency:
McWhirter Realty Partners LLC
(678) 385-2715
Listed By:
Peyton McWhirter, SIOR · License #GA 207691
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 7 at 4:26AM
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 McWhirter Realty Partners LLC
Investment Insights
Based on property information with market context.
This flex-space property combines office and warehouse components within a 16,870-square-foot facility. The layout is designed around adaptable business use, giving occupants both administrative space and functional area for operations, storage, or related activities.
The property is located at 861 Washington Avenue in Marietta, with access to I-75, I-575, US-41, and the SR-120 Loop. Its position also provides connections to Marietta Square and commercial corridors throughout Cobb County.
The property is located at 861 Washington Avenue in Marietta, with access to I-75, I-575, US-41, and the SR-120 Loop. Its position also provides connections to Marietta Square and commercial corridors throughout Cobb County.
Key Highlights
- 16,870‑square‑foot flex‑space facility
- Combined office and warehouse configuration
- 861 Washington Avenue, Marietta, GA 30060
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
$225,907
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
9.04%
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%
$4,518,140
$4.5M
Cap Rate 7%
$3,227,243
$3.2M
Cap Rate 9%
$2,510,078
$2.5M
Market Conditions
NOI Build-Up for 16,870 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
$402.7K $23.87/SF
− Vacancy
−$101.5K −$6.02/SF
EGI
$301.2K $17.85/SF
− OpEx
−$75.3K −$4.46/SF
NOI
$225.9K $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%
$4,518,140
Cap Rate 7%
$3,227,243
Cap Rate 9%
$2,510,078
Alternative Uses
Best Use
Office B
$3.23M
$2.82M – $3.77M
NOI $225,907 @ 7.0% cap · market cap 9.04%
Second Best
Warehouse
$1.77M
$1.55M – $2.06M
NOI $123,840 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$4.74M
$4.14M – $5.53M
NOI $331,597 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,947
Businesses Nearby
Balanced
Demand for This Use
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.
Similar Off Market Nearby
- Anton Cat — 150 Austin Ave NE, Marietta, GA 30060
- Chef Cary's Cuisine — 32 Ayers Ave, Marietta, GA 30060
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas provide a practical configuration for varied business operations.
Where is this flex space located?
The property is located at 861 Washington Avenue Marietta, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 16,870‑square‑foot flex‑space facility; Combined office and warehouse configuration; 861 Washington Avenue, Marietta, GA 30060
