Mixed-Use Property with
For Sale
$600,000
99 Merritt Street SE, Marietta, GA 30060
Office and industrial components provide flexible commercial functionality with secured gated access and on-site parking.
Property Size1,938 SF
Days on Market10
Property Features for 99 Merritt Street SE
General Information
Standard status
Active
Size
1,938 SF
Property subtype
Other
Warehouse & Industrial
Clear Height
15 ft
Warehouse Space
1,300 SF
Amenities
0.258 acres, Level
Metal
Fenced, Privacy
Public Sewer
Annual Amount: $1,007, Year: 2025
Concrete, Hardwood
Central Air
Central
Cumulative Days on Market: 8, 8 days on market, On Market Date: 2026-09-11
Parking Total: 8, Parking Lot
Built in 1938, Vinyl Siding, Industrial
County: Cobb
Resale
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available, Public
Close Of Escrow
Water body: NONE
Building Details
Building Size
1,938 SF
Year Built
1938
Listing Agency:
Chapman Hall Realtors
(404) 252-9500
Listed By:
Erdal Akbas · License #311884
(678) 438-2532
Source:
Blackstreaminternational
Added: Sep 11
Changed: Sep 19
Last Checked: Sep 19 at 9:57AM
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 Chapman Hall Realtors
Investment Insights
Based on property information with market context.
This mixed-use commercial property combines a front office building with a rear industrial warehouse, creating distinct office and workspace components within one asset. The warehouse contains 1,300 square feet of flexible workspace and offers 15-foot ceilings. Gated access provides site security, while the parking lot accommodates multiple vehicles.
Located at 99 Merritt Street SE in Marietta, Georgia, the property was built in 1938 and supports a combination of administrative and industrial functions.
Located at 99 Merritt Street SE in Marietta, Georgia, the property was built in 1938 and supports a combination of administrative and industrial functions.
Key Highlights
- Front office building paired with rear industrial warehouse
- 1,300 square feet of flexible warehouse workspace
- 15‑foot warehouse ceilings
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
$25,582
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
4.26%
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%
$511,640
$511.6K
Cap Rate 7%
$365,457
$365.5K
Cap Rate 9%
$284,244
$284.2K
Market Conditions
NOI Build-Up for 1,938 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
$46.5K $24.00/SF
− Vacancy
−$5.6K −$2.88/SF
EGI
$40.9K $21.12/SF
− OpEx
−$15.3K −$7.92/SF
NOI
$25.6K $13.20/SF
Area
Cobb County, GA
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$511,640
Cap Rate 7%
$365,457
Cap Rate 9%
$284,244
Alternative Uses
Best Use
Mixed Use
$365.5K
$319.8K – $426.4K
NOI $25,582 @ 7.0% cap · market cap 4.26%
Second Best
Warehouse
$203.2K
$177.8K – $237.1K
NOI $14,227 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$544.2K
$476.2K – $634.9K
NOI $38,093 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
15 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
Explore this area
Business Placement
Demographics for 30060, GA
39,890
Population
15,036
Households
2.7
Avg Household Size
32
Median Age
29%
College-Educated
79%
High-School Grad
15.5 sq mi
ZIP Area
2,574
Density / Sq Mi
$62,180
Median Household Income
$34,537
Median Earnings
$1,344
Median Rent
$282,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and industrial components provide flexible commercial functionality with secured gated access and on-site parking.
Where is this mixed-use property located?
The property is located at 99 Merritt Street SE Marietta, GA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Front office building paired with rear industrial warehouse; 1,300 square feet of flexible warehouse workspace; 15‑foot warehouse ceilings
