Marietta Redevelopment
For Sale
Contact for pricing
10 Garrison, Marietta, GA 30008
2.95 acres with industrial warehouse and commercial building.
Property Size22,740 SF
Lot Size2.95 Acres
Price / SF$107.74
Days on Market1442
Property Features for 10 Garrison
General Information
Standard status
Active
Size
22,740 SF
Lot size
2.95 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Gross
Net Operating Income
$110,779
Building Details
Tenancy
Multi
Listing Agency:
HSI Commercial
Listed By:
Jeff Hammond · License #373135
Source:
Crexi
Added: Oct 26, 2022
Changed: Sep 13
Last Checked: Oct 5 at 4:25PM
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 HSI Commercial
Investment Insights
Based on property information with market context.
This property offers 2.95 acres of land suitable for redevelopment in Marietta. It includes a 20,000 square-foot industrial warehouse and a 2,700 square-foot commercial building. The property generates a cash flow of $115,000 NOI. It is suitable for industrial or office use. There is potential for assemblage with adjacent commercial properties.
Key Highlights
- 2.95 acres of prime land in Marietta
- Existing cash flow of $115K NOI
- Includes a 20,000 square‑foot industrial warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,931
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,338,620
$3.3M
Cap Rate 7%
$2,384,729
$2.4M
Cap Rate 9%
$1,854,789
$1.9M
Market Conditions
NOI Build-Up for 22,740 SF
Gross rent
$215.6K $9.48/SF
− Vacancy
−$19.2K −$0.84/SF
EGI
$196.4K $8.64/SF
− OpEx
−$29.5K −$1.30/SF
NOI
$166.9K $7.34/SF
Area
Cobb County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,338,620
Cap Rate 7%
$2,384,729
Cap Rate 9%
$1,854,789
Alternative Uses
Best Use
Office B
$4.35M
$3.81M – $5.08M
NOI $304,513 @ 7.0% cap · market cap 12.43%
Second Best
Warehouse
$2.38M
$2.09M – $2.78M
NOI $166,931 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$6.39M
$5.59M – $7.45M
NOI $446,977 @ 7.0% cap · market cap 18.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Explore this area
Business Placement
Demographics for 30008, GA
32,435
Population
12,477
Households
2.6
Avg Household Size
34
Median Age
28%
College-Educated
78%
High-School Grad
9.5 sq mi
ZIP Area
3,414
Density / Sq Mi
$73,130
Median Household Income
$39,080
Median Earnings
$1,416
Median Rent
$269,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - 2.95 acres with industrial warehouse and commercial building.
Where is this commercial land located?
The property is located at 10 Garrison Marietta, GA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 2.95 acres of prime land in Marietta; Existing cash flow of $115K NOI; Includes a **20,000 square‑foot industrial warehouse**
