First-Floor Office Suite in Office
For Sale
$250,000
A150-2820 Lassiter Rd, Marietta, GA 30062
Well-maintained first-floor interior suite with reception, conference room, private offices, restroom, and refreshment counter.
Property Size1,134 SF
Price / SF$220.46
Days on Market156
Property Features for A150-2820 Lassiter Rd
General Information
Standard status
Active
Size
1,134 SF
Class
C
Taxes and HOA fees
Annual Taxes
$2,025
Listing Agency:
Coldwell Banker Realty
(404) 392-2732
Listed By:
Melinda Ann Pimentel
(404) 392-2732
Source:
Exprealty
Added: Mar 30
Changed: Aug 20
Last Checked: Aug 30 at 11:18PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Beautifully maintained 1,134 sq ft first-floor office suite in an established East Cobb office park. This functional Class C interior space features a welcoming reception area, a glassed conference room/executive office, two private offices, a restroom, and a refreshment counter with integrated storage for staff and client support.
The suite is located within a well-maintained professional office community with excellent accessibility. It also offers walkable access to numerous nearby amenities, including restaurants, retail, and service providers.
Designed for professional use, the layout supports day-to-day administrative and client-facing operations, with dedicated rooms for meetings and private work.
The suite is located within a well-maintained professional office community with excellent accessibility. It also offers walkable access to numerous nearby amenities, including restaurants, retail, and service providers.
Designed for professional use, the layout supports day-to-day administrative and client-facing operations, with dedicated rooms for meetings and private work.
Key Highlights
- 1,134 SF first‑floor office suite in an established East Cobb office park
- Reception area plus a glassed conference room/executive office
- Includes two private offices, a restroom, and a refreshment counter with integrated storage
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
$15,185
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
6.07%
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%
$303,700
$303.7K
Cap Rate 7%
$216,929
$216.9K
Cap Rate 9%
$168,722
$168.7K
Market Conditions
NOI Build-Up for 1,134 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
$27.1K $23.87/SF
− Vacancy
−$6.8K −$6.02/SF
EGI
$20.2K $17.85/SF
− OpEx
−$5.1K −$4.46/SF
NOI
$15.2K $13.39/SF
Area
Cobb County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$303,700
Cap Rate 7%
$216,929
Cap Rate 9%
$168,722
Alternative Uses
Best Use
Office B
$216.9K
$189.8K – $253.1K
NOI $15,185 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.4K
$278.6K – $371.5K
NOI $22,290 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
Business Placement
Demographics for 30062, GA
66,889
Population
24,178
Households
2.8
Avg Household Size
41
Median Age
60%
College-Educated
96%
High-School Grad
25.9 sq mi
ZIP Area
2,583
Density / Sq Mi
$128,981
Median Household Income
$61,882
Median Earnings
$1,761
Median Rent
$456,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained first-floor interior suite with reception, conference room, private offices, restroom, and refreshment counter.
Where is this office units located?
The property is located at A150-2820 Lassiter Rd Marietta, GA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,134 SF first‑floor office suite in an established East Cobb office park; Reception area plus a glassed conference room/executive office; Includes two private offices, a restroom, and a refreshment counter with integrated storage
