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    1121 Johnson Fry Rd Marietta, GA 30068-5425
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    Property profile & analytics

    1121 Johnson Fry Rd Marietta, GA 30068-5425

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    • Medical Office Space
    • 59,632 SF
    • 2.40 lot acres
    Off-Market
    Property ID
    US22-4057456
    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.
    Value Estimations
    $8,325,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Woodlawn Commons Medical Center / Medical Clinic
    • Marietta Pediatric Dentist East Cobb / Dental Office
    • Floss / Dental Office
    • Avant Interventional Psychiatry East Cobb / Medical Clinic
    • Dr. Shanil L. Harkins, MD / Physician

    Property Details for 1121 Johnson Fry Rd

    Year built
    1990
    Lot size
    2.40 lot acres
    Property size
    59,632 SF
    Zone code
    OI
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    1001300030
    APU
    1001300030

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,528,000
      Market price range: $2.04M - $11.2M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $13,130,000
      RETAIL STORES
      $13,115,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.4165
    Latitude
    33.9764
    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
    $129,410
    $1,001,604
    $3,290,608
    $4,292,212
    -
    $2,504,010
    $8,226,520
    $10,730,530

    Comparable in this City

    • Value Estimation
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      106,968 SF

      4800 Olde Towne Pkwy

      MEDICAL BUILDING • 106,968 SF
      4800 Olde Towne Pkwy, Marietta, GA 30068-4357
      View Details
    • Value Estimation
      $1,175,000
      2,028 SF

      4774 Lowr Roswell Rd

      MEDICAL BUILDING • 2,028 SF
      4774 Lowr Roswell Rd, Marietta, GA 30068-4669
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    • Value Estimation
      $3,660,000
      12,224 SF

      1070 Woodlawn NE Dr

      MEDICAL BUILDING • 12,224 SF
      1070 Woodlawn NE Dr, Marietta, GA 30068-4264
      View Details
    • Value Estimation
      $1,470,000
      7,402 SF

      1000 Johnson Fry Rd

      MEDICAL BUILDING • 7,402 SF
      1000 Johnson Fry Rd, Marietta, GA 30068-2114
      View Details
    • Value Estimation
      $2,085,000
      12,040 SF

      1163 Johnson Fry Rd

      MEDICAL BUILDING • 12,040 SF
      1163 Johnson Fry Rd, Marietta, GA 30068-2764
      View Details
    • Value Estimation
      $1,210,000
      6,220 SF

      850 Lecroy NE Dr

      MEDICAL BUILDING • 6,220 SF
      850 Lecroy NE Dr, Marietta, GA 30068-2222
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,800 SF

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      Located near medical campuses in East Cobb.
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      Fully equipped office condo in East Cobb shopping district.
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      East Cobb Multi-Family Opportunity

      Two updated homes on one lot in East Cobb!
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      Residential Land in Vibrant Community

      Homesite ready for your dream home in a vibrant community.
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    • New
      $925,000
      0.62 Acres

      Rare Homesite in Indian Hills

      Premium corner lot in desirable Indian Hills Country Club.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available for rent, 3,573 SqFt.
      1344 E Cobb Dr, Marietta, GA 30068
      View Details
    • Contact for pricing

      East Cobb Professional Office Space

      Two-story brick office building in East Cobb for lease.
      519 Johnson Ferry Rd, Marietta, GA 30068
      View Details
    • Contact for pricing

      Marietta Office Space For Rent

      Office suites with private entrances, restrooms, and break rooms.
      1240 Johnson Ferry Pl, Marietta, GA 30068
      View Details
    • Contact for pricing

      Restaurant Space with High Visibility

      Fully equipped restaurant space available at a signalized intersection.
      4811 Lower Roswell Rd, Marietta, GA 30068
      View Details
    • Contact for pricing

      Retail Space in French Quarter

      Retail spaces available in East Cobb shopping center.
      4961 Lower Roswell Rd, Marietta, GA 30068
      View Details
    • Contact for pricing

      Restaurant Space with Drive-Thru

      Restaurant space with drive-thru, high traffic, near major retailers.
      2718 Dawson Rd, Albany, GA 30068
      View Details
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    Marietta, GA 30068-5425
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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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