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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1051 Lk Dr Marietta, GA 30066-1073

    • Manufacturing properties
    • 31,394 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $2,460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1262666
    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

    • Manufacturing properties

    Property Details for 1051 Lk Dr

    Year built
    2018
    Lot size
    1.00 lot acres
    Property size
    31,394 SF
    Zone code
    HI
    Property type
    Manufacturing properties
    APN
    16008600180
    APU
    16008600180

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,185,000
      6.5%
      $2,940,000
      7%
      $2,730,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,028,000
      Market price range: $568k - $2.03M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,230,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.52
    Latitude
    34.0667
    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
    2023
    $41,170
    $113,256
    $3,130,600
    $3,243,856
    -
    $283,140
    $3,130,600
    $3,413,740

    Comparable in this City

    • Value Estimation
      $2,150,000
      26,400 SF

      1091 Lk Dra

      MANUFACTURING (LIGHT) • 26,400 SF
      1091 Lk Dra, Marietta, GA 30066-1073
      View Details
    • Value Estimation
      $5,005,000
      40,592 SF

      1070 Atlanta Industrial Dr

      MANUFACTURING (LIGHT) • 40,592 SF
      1070 Atlanta Industrial Dr, Marietta, GA 30066-6601
      View Details
    • Value Estimation
      $9,080,000
      171,496 SF

      1267 Cobb Industrial Dr

      MANUFACTURING (LIGHT) • 171,496 SF
      1267 Cobb Industrial Dr, Marietta, GA 30066-6616
      View Details
    • Value Estimation
      $775,000
      5,000 SF

      4706 Ecton Dr

      MANUFACTURING (LIGHT) • 5,000 SF
      4706 Ecton Dr, Marietta, GA 30066-1095
      View Details
    • Value Estimation
      $10,180,000
      105,292 SF

      1100 Shallowford Rd

      MANUFACTURING (LIGHT) • 105,292 SF
      1100 Shallowford Rd, Marietta, GA 30066-1004
      View Details
    • Value Estimation
      $1,780,000
      18,911 SF

      4960 Canton Rd

      MANUFACTURING (LIGHT) • 18,911 SF
      4960 Canton Rd, Marietta, GA 30066-1067
      View Details

    Similar Nearby for Sale

    • $4,300,000

      Two-Building Flex Industrial Property

      Two-building flex industrial property in Marietta, GA for sale.
      121 Bells Ferry Ln, Marietta, GA 30066
      View Details
    • $2,600,000
      11,868 SF

      Marietta Warehouse/Distribution Property For Sale

      11,868 SF building in Marietta, GA, built in 1999.
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    • $41,999
      0.50 Acres

      Marietta Land with Creek

      Vacant lot in a peaceful neighborhood with a tranquil creek.
      2047 Kingswood Dr, Marietta, GA 30066
      View Details
    • $695,000
      Pending

      Marietta Land Development Opportunity

      3.14 acres in prime Marietta location, ideal for development.
      3222 Bells Ferry Rd NE, Marietta, GA 30066
      View Details
    • Contact for pricing
      7,680 SF

      Renovated Office Suites in Marietta

      Well-maintained office suites with flexible layouts, suitable for various businesses.
      2621 Sandy Plains Rd, Marietta, GA 30066
      View Details
    • Contact for pricing
      0.18 Acres

      Renovated Office Suite in Marietta

      Well-maintained office suite in Williamscraft Office Park.
      2621 Sandy Plains Rd, Marietta, GA 30066
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      15,290 SF

      Marietta Flex Space Available

      Flex space with warehouse and office components, excellent highway access.
      1283 Kennestone Cir, Marietta, GA 30066
      View Details
    • $11 SF/Yr
      18,998 SF

      Sandy Plains Flex Space Available

      Marietta, GA Industrial Flex Space for Lease
      1800 Sandy Plains Rd, Marietta, GA 30066
      View Details
    • $4,300,000
      13,190 SF

      Marietta Flex Industrial Property

      Two-building flex industrial property in Marietta, GA available for rent.
      131 Bells Ferry Ln, Marietta, GA 30066
      View Details
    • Contact for pricing
      326,683 SF

      Marietta Retail Center - Prime Location

      High-traffic retail space, multiple units available.
      50 Barrett Pkwy, Marietta, GA 30066
      View Details
    • Contact for pricing

      Retail Center Near Walmart

      Retail spaces available near I-575 and Walmart.
      2465-2505 Chastain Meadows Pkwy, Marietta, GA 30066
      View Details
    • Contact for pricing
      2,429 SF

      Former Restaurant Space For Lease

      Restaurant space available for lease with curb cuts on Canton Road.
      2929 Canton Rd, Marietta, GA 30066
      View Details
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    Marietta, GA 30066-1073
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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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