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    119 Cobb N Pkwy Marietta, GA 30062-3545
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    Property profile & analytics

    119 Cobb N Pkwy, Marietta, GA 30062-3545

    View on Map
    • Community centers
    • 137,986 SF
    • 11.43 lot acres
    Off-Market
    Property ID
    US22-1393497
    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
    $13,435,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AutoZone Auto Parts / Auto Parts Store
    • Value Village Thrift Store / Discount Store
    • FedEx ShipSite / Postal Service / Courier Service
    • North 41 Plaza / Shopping Center & Mall
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 119 Cobb N Pkwy

    Year built
    1969
    Lot size
    11.43 lot acres
    Zone code
    CRC
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    16121200130
    APU
    16121200130

    Description

    This exceptional retail opportunity presents 25,200 square feet of vacant space within the 140,701 square foot North 41 Plaza strip center in Marietta, Georgia. Located at 119 Cobb Parkway North, zip code 30062, this property boasts a highly desirable location, just one block north of the iconic Big Chicken and offering convenient access to major interstates I-285 and I-75, ensuring high visibility and accessibility for businesses. The entire center comprises a single suite, currently offering this significant space for lease. The property is situated in Cobb County, Georgia, a thriving area with a strong retail market. This large, contiguous space presents a unique opportunity for a variety of retail uses, providing ample room for expansion or the establishment of a flagship location. The property's strategic location and significant square footage make it an ideal investment for businesses seeking high-traffic exposure and a prominent presence in the Marietta market. Serious inquiries are encouraged to explore the potential of this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,817,000
      Market price range: $12.7M - $48.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5238
    Latitude
    33.9536
    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
    $38,273
    $2,078,656
    $2,445,344
    $4,524,000
    -
    $5,196,640
    $6,113,360
    $11,310,000

    Comparable in this City

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      $27,170,000
      194,453 SF

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      0.44 Acres

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      12,800 SF

      1401 Johnson Fry Rd

      MINI-MALL
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      55,128 SF

      2211 Roswell Rd

      MINI-MALL
      2211 Roswell Rd, Marietta, GA 30062-2999
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    • Value Estimation by Request
      14,700 SF

      1401 Johnson Fry Rd

      MINI-MALL
      1401 Johnson Fry Rd, Marietta, GA 30062-6495
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    • Value Estimation
      $11,620,000
      103,084 SF

      2145 Roswell Rd

      SHOPPING CENTER, STRIP CENTER
      2145 Roswell Rd, Marietta, GA 30062-0821
      View Details

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      East Cobb Land Opportunity

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    • $100,000
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      East Cobb Land Opportunity

      Two lots totaling 1.3 acres in East Cobb.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Avenue East

      Retail space available near The Avenue East Cobb shopping center.
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      Retail Space on Roswell Road

      Retail space available in high-traffic Marietta shopping center.
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      Retail center with recent upgrades and high traffic volume.
      1477 Roswell Rd, Marietta, GA 30062
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      Retail space for rent in a well-located Marietta area.
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      Retail spaces available for lease with drive-thru opportunity.
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    Marietta, GA 30062-3545
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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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