Two-Story Brick Office
For Sale
$575,000
90 Whitlock Place, Marietta, GA 30064
COMMERCIAL - Marietta, GA
Property Size1,824 SF
Lot Size0.19 Acres
Price / SF$315.24
Days on Market55
Property Features for 90 Whitlock Place
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
10
Parking features
Parking Lot
Lot features
Business Park, Level
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
Central Air
Water source
Public
Building Details
Year built
1989
Flooring type
Carpet
Building materials
Brick
Listing Agency:
Keller Williams Realty
(678) 631-1700
Listed By:
Lori L Hilton
(770) 378-0719
Added: Jun 18
Changed: Aug 11
Last Checked: Aug 11 at 8:06PM
MLS# 10789725
Copyright © 2026 Georgia Multiple Listing Service. 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.
This 1,824-square-foot office property at 90 Whitlock Place is a two-level brick building constructed in 1989. The layout includes seven private offices, a conference room, an eat-in kitchen and break area with refrigerator, bar and wet bar features, cabinet storage, hallway storage, and two half baths. Front, rear, and upper-level rear exterior entrances support flexible circulation for occupants or separate users.
The property sits on 0.19 acres in a cul-de-sac setting, less than one mile from Marietta Square and just off Whitlock Avenue. Approximately 10 parking spaces are provided in an on-site lot. Interior features include carpet flooring, while heating is supplied by natural gas and forced air and cooling by central air. Public water and public sewer serve the property.
The property sits on 0.19 acres in a cul-de-sac setting, less than one mile from Marietta Square and just off Whitlock Avenue. Approximately 10 parking spaces are provided in an on-site lot. Interior features include carpet flooring, while heating is supplied by natural gas and forced air and cooling by central air. Public water and public sewer serve the property.
Key Highlights
- 1,824‑square‑foot office building on 0.19 acres
- Seven private offices plus a conference room across two levels
- Brick construction completed in 1989
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
$26,446
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
4.60%
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%
$528,920
$528.9K
Cap Rate 7%
$377,800
$377.8K
Cap Rate 9%
$293,844
$293.8K
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
$49.2K $27.00/SF
− Vacancy
−$5.2K −$2.84/SF
EGI
$44.1K $24.17/SF
− OpEx
−$17.6K −$9.67/SF
NOI
$26.4K $14.50/SF
Area
Cobb County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$528,920
Cap Rate 7%
$377,800
Cap Rate 9%
$293,844
Alternative Uses
Best Use
Healthcare Medical
$377.8K
$330.6K – $440.8K
NOI $26,446 @ 7.0% cap · market cap 4.60%
Second Best
Office B
$348.9K
$305.3K – $407.1K
NOI $24,425 @ 7.0% cap · market cap 4.25%
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 - Flexible professional workspace with private offices, conference space, multiple entrances, and on-site 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‑square‑foot office building on 0.19 acres; Seven private offices plus a conference room across two levels; Brick construction completed in 1989
