Four-Sided Brick Office
For Sale
Contact for pricing
90 Whitlock Place, Marietta, GA 30064
Flexible multi-level office layout with private offices, conference space, and multiple exterior entrances.
Property Size1,824 SF
Price / SF$315.24
Days on Market63
Property Features for 90 Whitlock Place
General Information
Standard status
Active
Size
1,824 SF
Total Parking Spaces
10
Property subtype
Office
Zoning
CRC
Building Details
Year Built
1989
Buildings
1
Stories
2
Listing Agency:
KW Commercial Atlanta - West Cobb
Listed By:
Lori Hilton · License #202330
Source:
Crexi
Added: Jun 20
Changed: Aug 15
Last Checked: Aug 20 at 7:57AM
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 KW Commercial Atlanta - West Cobb
Investment Insights
Based on property information with market context.
This four-sided brick office building is designed for professional and medical service use, with space that can support a single tenant or multiple departments. The main level includes a welcoming entrance foyer, four private offices, and an eat-in kitchen/break room with a refrigerator. Additional improvements include a bar area with wet bar, abundant cabinet and hallway storage, a half bath, and front and rear exterior entrances. The upper level adds three private offices, a spacious conference room, a half bath, and a separate rear exterior entrance, supporting different user needs or shared arrangements.
The property is located just off Whitlock Avenue, less than one mile from Marietta Square. It sits in a quiet cul-de-sac setting with approximately 10 parking spaces, offering convenient, dedicated off-street parking for clients and staff.
For tenants, the combination of private office count, a dedicated conference room, and multiple exterior entrances can help accommodate team-based operations, client-facing workflows, and internal separation of work areas. Buyers and owner-users will also appreciate the straightforward two-level configuration and built-in break and storage areas that support day-to-day office use.
The property is located just off Whitlock Avenue, less than one mile from Marietta Square. It sits in a quiet cul-de-sac setting with approximately 10 parking spaces, offering convenient, dedicated off-street parking for clients and staff.
For tenants, the combination of private office count, a dedicated conference room, and multiple exterior entrances can help accommodate team-based operations, client-facing workflows, and internal separation of work areas. Buyers and owner-users will also appreciate the straightforward two-level configuration and built-in break and storage areas that support day-to-day office use.
Key Highlights
- Four‑sided brick professional office building built in 1989
- Main level includes 4 private offices, eat‑in kitchen/break room with refrigerator, wet bar, half bath, and front + rear exterior entrances
- Upper level offers 3 additional private offices, a spacious conference room, half bath, and a separate rear exterior entrance
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
$24,425
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
4.25%
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%
$488,500
$488.5K
Cap Rate 7%
$348,929
$348.9K
Cap Rate 9%
$271,389
$271.4K
Market Conditions
NOI Build-Up for 1,824 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
$43.5K $23.87/SF
− Vacancy
−$11.0K −$6.02/SF
EGI
$32.6K $17.85/SF
− OpEx
−$8.1K −$4.46/SF
NOI
$24.4K $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%
$488,500
Cap Rate 7%
$348,929
Cap Rate 9%
$271,389
Alternative Uses
Best Use
Office B
$348.9K
$305.3K – $407.1K
NOI $24,425 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$512.2K
$448.2K – $597.6K
NOI $35,853 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 30064, GA
50,568
Population
19,076
Households
2.7
Avg Household Size
43
Median Age
58%
College-Educated
96%
High-School Grad
30.7 sq mi
ZIP Area
1,647
Density / Sq Mi
$118,511
Median Household Income
$56,400
Median Earnings
$1,635
Median Rent
$420,300
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?
Office building - Flexible multi-level office layout with private offices, conference space, and multiple exterior entrances.
Where is this office building located?
The property is located at 90 Whitlock Place Marietta, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four‑sided brick professional office building built in 1989; Main level includes 4 private offices, eat‑in kitchen/break room with refrigerator, wet bar, half bath, and front + rear exterior entrances; Upper level offers 3 additional private offices, a spacious conference room, half bath, and a separate rear exterior entrance
