Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Condo Near Marietta Square Title is generated by Realmo AI

    908 Cannongate Crossing SW, Marietta, GA 30064

    View on Map
    Claim this Listing
    For Sale
    $247,000

    Updated 2-bedroom, 2-bath condo with modern amenities and convenient location.

    Type:Condominium
    Property size:
    1,452 SF
    Price / SF:
    $170/SF
    Added:
    Jul 23, 2025
    Days on Market:
    320
    Last Refresh:
    May 19 at 9:17 pm

    Property Features for 908 Cannongate Crossing SW

    General Information

    Standard status
    Active
    Size
    1,452 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    1983

    We can help!

    Listing Contact
    Jill Rice
    Jill Rice

    Listing agent Jill Rice License #353868

    Listing office Atlanta-Peachtree Road

    Listing date Jul 23, 2025

    Source Kw

    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 Atlanta-Peachtree Road

    HighLights

    • Unbeatable location less than 2 miles from Marietta Square.
    • Updated kitchen featuring white cabinetry, granite countertops, and stainless steel appliances.
    • Stylish LVP flooring and inviting fireplace with built‑in bookcases.
    • Sunroom lined with windows and drenched in natural light.
    • Oversized primary suite with walk‑in closet.
    • Community pool and ample green space.

    Overview

    This updated condo features 2 bedrooms and 2 bathrooms, offering a blend of comfort and convenience less than 2 miles from Marietta Square. The interior boasts stylish LVP flooring, a fireplace with built-in bookcases, and a separate dining room. The refreshed kitchen includes white cabinetry, granite countertops, and stainless steel appliances. A sunroom, lined with windows and filled with natural light, can serve as a home office, playroom, or retreat. The oversized primary suite features a walk-in closet. The second bedroom is suitable for guests or hobbies. A private balcony offers views of mature trees and green space. The community provides a pool and grassy areas for recreation. The property size is 1452 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $37.8k $26.04
    − Vacancy −$2.3k −$1.61
    EGI $35.5k $24.43
    − OpEx −$16.0k −$10.99
    NOI $19.5k $13.43
    1,452 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $278.7K
    $243.8K – $325.1K (±1% cap)
    NOI $19,506 @ 7.0% cap · market cap 7.90%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $407.7K
    $356.8K – $475.7K (±1% cap)
    NOI $28,541 @ 7.0% cap · market cap 11.56%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5755
    Latitude
    33.9433

    Nearby Similar for Sale

    • $995,000
      2,683 SF

      Historic Marietta Office Building For Sale

      2,683 SF multi-tenant office building on Lawyer's Row.
      236 Washington Avenue NE, Marietta, GA 30060
      View Details
    • $849,900
      3,744 SF

      Turnkey Adult Living Facility

      Fully operational, 13-bedroom adult living facility in Marietta, GA.
      340 Lockheed Avenue SE, Marietta, GA 30060
      View Details
    • $400,000
      1,507 SF

      Marietta Mixed-Use Redevelopment Opportunity

      Mixed-use property near Marietta Square suitable for office, retail, live-work.
      717 Washington Avenue NE, Marietta, GA 30060
      View Details
    • $587,000
      4,696 SF

      Three-Level Office Building in Marietta

      Versatile office space in prime Sandy Plains Executive Center.
      2440 Sandy Plains Road, Marietta, GA 30066
      View Details
    • $2,350,000

      High-Ceiling Retail Building with Entrances

      Steel-frame retail building with clear-span space, high ceilings, and 9 exterior entrances supported by ample on-site parking.
      3980 Shallowford RD, Marietta, GA 30062
      View Details
    • $587,000
      4,696 SF

      Three-Level Office Building For Sale

      Versatile office building in prime location with flexible layout.
      2440 Sandy Plains Road, Marietta, GA 30066
      View Details
    • $499,900
      3,040 SF

      Downtown Marietta Commercial Flex Building

      Versatile 3,040 SF commercial building in downtown Marietta, GA.
      52 Austin Avenue, Marietta, GA 30060
      View Details
    • $2,350,000

      High-Visibility Retail Building

      Steel-frame building with clear-span interior, high ceilings, and multiple entrances supported by level parking.
      3980 Shallowford Road, Marietta, GA 30062
      View Details
    • $800
      7,680 SF

      Office Suite in Williamscraft Office Park

      Professional office suite with flexible layout and convenient location.
      2621 Sandy Plains Road #301, Marietta, GA 30066
      View Details
    • $1,100,000
      4,387 SF

      Two-Building Retail Investment Property

      Two distinct retail buildings on 1.26 acres, with ample parking and a tenant already in place for steady income potential.
      3760 Due W Road NW, Marietta, GA 30064
      View Details
    • $2,350,000
      10,000 SF

      Retail Building with Multiple Entrances

      Steel-frame retail building with clear-span interior, high ceilings, and 33 striped parking spaces plus overflow.
      3980 Shallowford Road, Marietta, GA 30062
      View Details
    • $1,100,000
      4,287 SF

      Retail Property with Two Buildings

      Two-building retail setup on an accessible lot with ample parking and an established retail tenant.
      3760 Due W Road NW, Marietta, GA 30064
      View Details

    FAQs

    What type of property is this?
    Apartment building - Updated 2-bedroom, 2-bath condo with modern amenities and convenient location.
    Where is this apartment building located?
    The property is located at 908 Cannongate Crossing SW Marietta, GA.
    What is the asking price?
    The asking price for this property is $247,000.
    What are key features of this property?
    This property features: Unbeatable location less than 2 miles from Marietta Square.; Updated kitchen featuring white cabinetry, granite countertops, and stainless steel appliances.; Stylish LVP flooring and inviting fireplace with built‑in bookcases.
    (770) 330-7477
    We can help!
    Listing Contact
    Jill Rice
    Jill Rice
    Real Estate License ID: 353868
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    908 Cannongate Crossing SW, Marietta, GA 30064
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!