Retail/Office Space For
For Sale
Contact for pricing
848 S Cobb Dr, Marietta, GA 30060
Retail or office space available with favorable zoning and parking.
Property Size1,957 SF
Lot Size0.29 Acres
Price / SF$304.04
Days on Market653
Property Features for 848 S Cobb Dr
General Information
Standard status
Active
Size
1,957 SF
Class
C
Total Parking Spaces
11
Lot size
0.29 Acres
Property subtype
Office, Retail
Zoning
GC - General Commercial
Occupancy
100%
Building Details
Year Built
1948
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SK Commercial Realty
(404) 252-1200
Listed By:
Chris Little · License #GA 350997
Source:
Crexi
Added: Nov 6, 2024
Changed: Aug 9
Last Checked: Aug 19 at 9:30PM
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 SK Commercial Realty
Investment Insights
Based on property information with market context.
This 1,957 square foot retail or office space is available for sale. The property is zoned GC and situated on 0.29 acres. It features 11 parking spaces. The location benefits from a traffic count of 38,200 vehicles per day. The property has been home to a successful retail business for 44 years. It is suitable for retail use with showroom needs or can be reconfigured for a professional service office. The favorable zoning allows for most commercial uses.
Key Highlights
- High Traffic Location: 38,200 Vehicles Per Day
- Favorable Zoning (GC): Allows for Most Commercial Uses
- Established Business Location: Successful Operating Retail Business for 44 Years
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
$27,526
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
4.63%
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%
$550,520
$550.5K
Cap Rate 7%
$393,229
$393.2K
Cap Rate 9%
$305,844
$305.8K
Market Conditions
NOI Build-Up for 1,957 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
$43.0K $21.96/SF
− Vacancy
−$3.7K −$1.87/SF
EGI
$39.3K $20.09/SF
− OpEx
−$11.8K −$6.03/SF
NOI
$27.5K $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%
$550,520
Cap Rate 7%
$393,229
Cap Rate 9%
$305,844
Alternative Uses
Best Use
Retail
$393.2K
$344.1K – $458.8K
NOI $27,526 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$549.5K
$480.8K – $641.1K
NOI $38,467 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
86k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
QuikTrip
Shops & Services
30,418 visits/mo
0.5 miles
RaceTrac
Shops & Services
26,808 visits/mo
0.4 miles
BP
Shops & Services
7,314 visits/mo
0.5 miles
Chevron
Shops & Services
4,146 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,136 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail or office space available with favorable zoning and parking.
Where is this retail space located?
The property is located at 848 S Cobb Dr Marietta, GA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: High Traffic Location: 38,200 Vehicles Per Day; Favorable Zoning (GC): Allows for Most Commercial Uses; Established Business Location: Successful Operating Retail Business for 44 Years
