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 Market2430
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: Oct 10
Last Checked: Oct 16 at 7:47AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$374,074
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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.
