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

    1281 Johnson Fry Rd Marietta, GA 30068-2942

    • Community centers
    • 64,015 SF
    • 4.37 lot acres
    OFF-MARKET
    Value Estimations
    $9,625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1376798
    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

    • Mirko Pasta / Restaurant
    • Chipotle Mexican Grill / Restaurant
    • Duck Donuts / Cafe & Coffee Shop
    • Perspire Sauna Studio / Gym & Fitness Center / Spa & Massage Center
    • European Wax Center / Spa & Massage Center / Skin Care Clinic

    Property Details for 1281 Johnson Fry Rd

    Year built
    1994
    Lot size
    4.37 lot acres
    Property size
    64,015 SF
    Zone code
    CRC/WS
    Property type
    Community centers
    APN
    16090200030
    APU
    16090200030

    Description

    This thriving Italian restaurant, bar, and pizzeria in Marietta, Georgia, presents a unique investment opportunity. Located at 1281 Johnson Ferry Rd, in the desirable East Cobb area, this 2,600 square foot establishment boasts a high-profile location with excellent visibility, density, and traffic. This is one of three locations currently operating under the same ownership, and is being offered for sale individually. The sale includes all trademarks, brand, and recipes, ensuring a seamless transition for the new owner. Comprehensive owner training and support are provided to facilitate a smooth handover. The restaurant is fully staffed, including a dedicated General Manager. An attractive outdoor patio adds to the ambiance and seating capacity. The current lease has approximately two years remaining. This turnkey operation offers a significant opportunity for an experienced restaurateur or investor seeking a profitable and established business in a prime location. The high volume of customers and strong brand recognition make this a particularly attractive proposition. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $14,095,000
      Current use
      MEDICAL BUILDING
      $15,460,000
      Change: +10% Conversion: Difficult
      RETAIL STORES
      $14,080,000
      Change: -0% Conversion: Easy
      COMMERCIAL (GENERAL)
      $11,855,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.4249
    Latitude
    33.9793
    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
    $141,960
    $1,915,696
    $2,792,748
    $4,708,444
    -
    $4,789,240
    $6,981,869
    $11,771,109

    Comparable in this City

    • Value Estimation
      $27,485,000
      166,048 SF

      1311 Johnson Fry Rd

      MINI-MALL • 166,048 SF
      1311 Johnson Fry Rd, Marietta, GA 30068-2944
      View Details
    • Value Estimation
      $2,240,000
      12,480 SF

      1150 Woodlawn NE Dr

      SHOPPING CENTER, STRIP CENTER • 12,480 SF
      1150 Woodlawn NE Dr, Marietta, GA 30068
      View Details
    • Value Estimation by Request
      0.15 Acres

      Davidson Rd

      SHOPPING CENTER, STRIP CENTER • 0.15 Acres
      Davidson Rd, Marietta, GA 30068
      View Details
    • Value Estimation
      $1,540,000
      9,000 SF

      4970 Lowr Roswell Rd

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      4970 Lowr Roswell Rd, Marietta, GA 30068-4380
      View Details
    • Value Estimation
      $5,100,000
      47,687 SF

      2060 Lowr Roswell Rd

      SHOPPING CENTER, STRIP CENTER • 47,687 SF
      2060 Lowr Roswell Rd, Marietta, GA 30068-3386
      View Details
    • Value Estimation by Request
      78,103 SF

      1100 Johnson Fry Rd

      SHOPPING CENTER, STRIP CENTER • 78,103 SF
      1100 Johnson Fry Rd, Marietta, GA 30068-2794
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Johnson Ferry

      Retail property with high visibility and strong tenant mix.
      1255 Johnson Ferry Rd, Marietta, GA 30068
      View Details
    • $45 SF/Yr
      12,000 SF

      Prime Marietta Executive Office Space

      12,000 SF Available, Flexible Suites
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      View Details
    • Contact for pricing
      33,686 SF

      French Quarter Shopping Center Space

      East Cobb retail space, fitness center available.
      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.
      Albany, GA 30068
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    • Contact for pricing
      5,527 SF

      East Cobb Medical Office Space

      Marietta, GA: 5,527 SF Medical Office Available
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      View Details
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    Marietta, GA 30068-2942
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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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