Office Building with Private
For Sale
$575,000
90 Whitlock Place, Marietta, GA 30064
SINGLE_FAMILY - Marietta, GA
Property Size1,824 SF
Lot Size0.19 Acres
Price / SF$315.24
Days on Market54
Property Features for 90 Whitlock Place
General Information
Property type
Residential
Property subtype
Office
Zoning
CRC
Parking
10
Parking features
Parking Lot
Window features
Insulated Windows
Interior features
Reception Area, Restrooms
Lot features
Business Park, Cul-De-Sac, Free Standing, Level
View
Park
Directions
See GPS
Standard status
Active
APN
16122600260
Size
1,824 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2817
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
multiple exterior entrances
eat-in kitchen/break room
bar area
wet bar
conference room
Building Details
Year built
1989
Floors in Building
2
Flooring type
Carpet
Building materials
Brick 4 Sides
Listing Agency:
Keller Williams Realty Signature Partners
(678) 631-1700
Listed By:
LORI HILTON
(770) 378-0719
Added: Jun 19
Changed: Aug 11
Last Checked: Aug 11 at 9:06PM
MLS# 7791293
Copyright © 2026 First Multiple Listing Service, Inc. 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.
Constructed in 1989, this 1,824-square-foot office building occupies a 0.19-acre parcel and is finished in four-sided brick. The two-level layout includes seven private offices, a conference room, reception area, two half baths, and separate front and rear entrances on both floors. A kitchen and break area provide a refrigerator, bar area, wet bar, cabinet storage, and additional hallway storage. Carpet flooring, central air, forced-air heating, and natural-gas service support the interior, while ceiling fans provide supplemental cooling.
The property is located at 90 Whitlock Place in Marietta, less than one mile from Marietta Square and just off Whitlock Avenue. Set within a cul-de-sac, it includes approximately 10 parking spaces and access to public water and public sewer. CRC zoning and the existing office configuration provide a documented commercial setting with convenient access to nearby dining, retail, professional services, and major thoroughfares.
The property is located at 90 Whitlock Place in Marietta, less than one mile from Marietta Square and just off Whitlock Avenue. Set within a cul-de-sac, it includes approximately 10 parking spaces and access to public water and public sewer. CRC zoning and the existing office configuration provide a documented commercial setting with convenient access to nearby dining, retail, professional services, and major thoroughfares.
Key Highlights
- 1,824 SF office building on a 0.19‑acre parcel
- Seven private offices plus a conference room
- Approximately 10 parking spaces
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
716
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
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Frequently Asked Questions
What type of property is this?
Office building - Two-level brick office property with multiple entrances, conference space, kitchen facilities, and dedicated parking near Marietta Square.
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: 1,824 SF office building on a 0.19‑acre parcel; Seven private offices plus a conference room; Approximately 10 parking spaces
