Updated Condo Near Marietta
For Sale
$247,000
908 Cannongate Crossing SW, Marietta, GA 30064
Updated 2-bedroom, 2-bath condo with modern amenities and convenient location.
Property Size1,452 SF
Price / SF$170.11
Days on Market414
Property Features for 908 Cannongate Crossing SW
General Information
Standard status
Active
Size
1,452 SF
Property subtype
Condominium
Amenities
Natural Gas
Central Air
Ceiling Fan(s)
Dishwasher
Electric Range
Gas Water Heater
Microwave
Refrigerator
Deck, Patio, Pool, Porch, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available, Composition
Building Details
Building Size
1,452 SF
Year Built
1983
Listing Agency:
Atlanta-Peachtree Road
Listed By:
Jill Rice · License #353868
(770) 330-7477
Source:
Kw
Added: Jul 23, 2025
Changed: Aug 25
Last Checked: Sep 8 at 10:14AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$19,506
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
7.90%
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%
$390,120
$390.1K
Cap Rate 7%
$278,657
$278.7K
Cap Rate 9%
$216,733
$216.7K
Market Conditions
NOI Build-Up for 1,452 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
$37.8K $26.04/SF
− Vacancy
−$2.3K −$1.61/SF
EGI
$35.5K $24.43/SF
− OpEx
−$16.0K −$10.99/SF
NOI
$19.5K $13.43/SF
Area
Cobb County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$390,120
Cap Rate 7%
$278,657
Cap Rate 9%
$216,733
Alternative Uses
Best Use
Apartment 5plus
$278.7K
$243.8K – $325.1K
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
NOI $28,541 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
206
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 Multifamily 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?
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.
