East Cobb Medical
For Sale
Contact for pricing
4901 Olde Towne Pkwy, Marietta, GA 30068
Located near medical campuses in East Cobb.
Property Size25,800 SF
Price / SF$213.18
Days on Market2385
Property Features for 4901 Olde Towne Pkwy
General Information
Standard status
Active
Size
25,800 SF
Class
A
Property subtype
Office
Occupancy
95%
Investment Type
Owner/User
Building Details
Year Renovated
2018
Stories
3
Tenancy
Multi
Listing Agency:
KW Commercial First Atlanta
Listed By:
Rocky Kaufmann · License #GA 248712
(770) 992-3356
Source:
Crexi
Added: Feb 21, 2020
Changed: Aug 23
Last Checked: Sep 1 at 9:18PM
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 KW Commercial First Atlanta
Investment Insights
Based on property information with market context.
This property presents an opportunity for either an owner-occupant or an investor in the East Cobb area. The location is directly across from the new Northside Hospital East Cobb Medical Campus and in close proximity to the Wellstar Health East Cobb Center. The property size is 25800 square feet.
Key Highlights
- Located in the heart of East Cobb.
- Directly across from the new Northside Hospital East Cobb Medical Campus.
- Close proximity to Wellstar Health East Cobb Center.
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
$374,074
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
6.80%
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%
$7,481,480
$7.5M
Cap Rate 7%
$5,343,914
$5.3M
Cap Rate 9%
$4,156,378
$4.2M
Market Conditions
NOI Build-Up for 25,800 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
$696.6K $27.00/SF
− Vacancy
−$73.1K −$2.84/SF
EGI
$623.5K $24.17/SF
− OpEx
−$249.4K −$9.67/SF
NOI
$374.1K $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%
$7,481,480
Cap Rate 7%
$5,343,914
Cap Rate 9%
$4,156,378
Alternative Uses
Best Use
Healthcare Medical
$5.34M
$4.68M – $6.23M
NOI $374,074 @ 7.0% cap · market cap 6.80%
Second Best
Office B
$4.94M
$4.32M – $5.76M
NOI $345,490 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$7.24M
$6.34M – $8.45M
NOI $507,125 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30068, GA
34,870
Population
13,005
Households
2.7
Avg Household Size
43
Median Age
74%
College-Educated
98%
High-School Grad
14.4 sq mi
ZIP Area
2,422
Density / Sq Mi
$142,911
Median Household Income
$78,294
Median Earnings
$1,711
Median Rent
$564,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Johnson Ferry Animal Hospital — 555 Johnson Ferry Rd, Marietta, GA 30068
- Paws Whiskers and Claws — 4719 Lower Roswell Rd #220, Marietta, GA 30068
- Stephanie Globerman - Paws Whiskers and Claws — 4719 Lower Roswell Rd, Marietta, GA 30068
- Audrey Efford - Paws Whiskers and Claws — 4719 Lower Roswell Rd #220, Marietta, GA 30068
- PetVet365 Pet Hospital Parkaire Landing — 4880 Lower Roswell Rd Suite 10, Marietta, GA 30068
Frequently Asked Questions
What type of property is this?
Medical Office Space - Located near medical campuses in East Cobb.
Where is this medical office space located?
The property is located at 4901 Olde Towne Pkwy Marietta, GA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Located in the heart of East Cobb.; Directly across from the new Northside Hospital East Cobb Medical Campus.; Close proximity to Wellstar Health East Cobb Center.
