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    346 Martin Ct Marietta, GA 30060

    • Investment properties
    • 1,156 SF
    • 0.36 lot acres
    For Sale
    View listing
    $378,000
    Last Sale
    Apr 07, 2025
    $360,000
    Value Estimations
    Cap Rate Potential
    5.8%
    Investment properties
    Location Intelligence
    Property ID
    US22-1145284
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 346 Martin Ct

    Year built
    1952
    Lot size
    0.36 lot acres
    Property size
    1,156 SF
    Zone code
    CRC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    17050400410
    APU
    17050400410

    Description

    This exceptional 1,156 square foot mixed-use property in Marietta, Georgia presents a unique investment opportunity. Situated on a 0.36-acre lot, the property boasts convenient paved parking and is wheelchair accessible, making it suitable for a variety of commercial ventures. Currently zoned commercial, it offers the flexibility to be easily converted for residential use, catering to diverse needs and maximizing potential returns. The property's excellent condition provides a solid foundation for immediate occupancy or future renovations to suit specific business or residential requirements. Its prime location offers unparalleled access to major transportation arteries, including I-75 and I-285, ensuring convenient commutes and accessibility for customers and residents. Furthermore, its proximity to Kennesaw State University Marietta Campus and the new Braves Stadium enhances its appeal and potential for growth. This versatile property in a highly sought-after area represents a rare chance to acquire a valuable asset with significant upside potential, whether for commercial development, residential conversion, or a combination of both. The strong community ties and strategic location contribute to a compelling investment proposition.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $265,000
      ML approach
      $310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $255,000
      6.5%
      $235,000
      7%
      $220,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $163,000
      Market price range: $120k - $251k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $180,000
      Current use
      WAREHOUSE, STORAGE
      $435,000
      Change: +140% Conversion: Difficult
      MEDICAL BUILDING
      $280,000
      Change: +55% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $255,000
      Change: +41% Conversion: Difficult
      OFFICE BUILDING
      $180,000
      Change: +1% Conversion: Easy
      RETAIL STORES
      $170,000
      Change: -7% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5197
    Latitude
    33.9437
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $541
    $26,032
    $37,920
    $63,952
    -
    $65,080
    $94,800
    $159,880

    Comparable in this City

    • Value Estimation
      $285,000
      0.38 Acres

      952 Roswell SE St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.38 Acres
      952 Roswell SE St, Marietta, GA 30060-2139
      View Details
    • Value Estimation
      $300,000
      0.38 Acres

      928 Marietta SE Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 0.38 Acres
      928 Marietta SE Pkwy, Marietta, GA 30060-2808
      View Details
    • Value Estimation
      $305,000
      1,404 SF

      1781 Cobb S Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,404 SF
      1781 Cobb S Pkwy, Marietta, GA 30060-9288
      View Details
    • Value Estimation
      $280,000
      1,512 SF

      578 Seminole NE Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,512 SF
      578 Seminole NE Dr, Marietta, GA 30060-1508
      View Details
    • Value Estimation
      $205,000
      840 SF

      588 Seminole NE Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 840 SF
      588 Seminole NE Dr, Marietta, GA 30060-1508
      View Details
    • Value Estimation
      $225,000
      968 SF

      17 Rock SE St

      OFFICE/RESIDENTIAL (MIXED USE) • 968 SF
      17 Rock SE St, Marietta, GA 30060-2128
      View Details

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    346 Martin Ct
    Marietta, GA 30060
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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