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

    1337 Owenby Dr Marietta, GA 30066-6620

    • Office buildings
    • 1,710 SF
    • 0.65 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2022
    $485,375
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0855404
    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

    • Southern Standard Landscaping / Landscape Designer / Landscaper
    • Junk Generals / Debris Removal Service

    Property Details for 1337 Owenby Dr

    Year built
    1964
    Lot size
    0.65 lot acres
    Property size
    1,710 SF
    Zone code
    HI
    Property type
    Office buildings
    APN
    16092600380
    APU
    16092600380

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.53
    Latitude
    33.983
    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
    $1,487
    $121,008
    $54,760
    $175,768
    -
    $302,520
    $136,900
    $439,420

    Comparable in this City

    • Value Estimation
      $3,330,000
      17,730 SF

      922 Elnora Dr

      OFFICE BUILDING • 17,730 SF
      922 Elnora Dr, Marietta, GA 30066-3219
      View Details
    • Value Estimation
      $1,845,000
      10,312 SF

      2985 Gordy Pkwy

      OFFICE BUILDING • 10,312 SF
      2985 Gordy Pkwy, Marietta, GA 30066-3078
      View Details
    • Value Estimation
      $560,000
      4,000 SF

      812 Pne Mnr

      OFFICE BUILDING • 4,000 SF
      812 Pne Mnr, Marietta, GA 30066-3888
      View Details
    • Value Estimation by Request
      1,600 SF

      5088 Canton Rd

      OFFICE BUILDING • 1,600 SF
      5088 Canton Rd, Marietta, GA 30066-3209
      View Details
    • Value Estimation
      $735,000
      6,048 SF

      3655 Canton Rd

      OFFICE BUILDING • 6,048 SF
      3655 Canton Rd, Marietta, GA 30066-2690
      View Details
    • Value Estimation
      $2,300,000
      21,445 SF

      1343 Canton Rd

      OFFICE BUILDING • 21,445 SF
      1343 Canton Rd, Marietta, GA 30066-6079
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.05 Acres

      Marietta Office Condo - Prime Location

      Versatile Office Space, Ideal for Business
      3417 Canton Rd, Marietta, GA 30066
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    • Contact for pricing
      6.93 Acres

      Marietta Office Suites For Sale

      Renovated office suites in Marietta, suitable for various businesses.
      2621 Sandy Plains Rd, Marietta, GA 30066
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    • 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
    • $1,277,000
      11,187 SF

      Marietta Commercial Property on Sandy Plains

      Commercial property in a prime location with high visibility.
      2625 Sandy Plains Rd, Marietta, GA 30066
      View Details
    • New
      Contact for pricing
      0.14 Acres

      Marietta Office Space with Utilities

      Upper-level office space with utilities included in rent.
      2623 Sandy Plains Rd, Marietta, GA 30066
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      7,700 SF

      Renovated Office Space Available

      7,700 SF professional office space in Northeast Cobb location.
      1135 Shallowford Rd, Marietta, GA 30066
      View Details
    • $12 SF/Yr

      Two-Building Flex Industrial Property

      Two-building flex industrial property in northwest Atlanta, Marietta, GA.
      131 Bells Ferry Ln, Marietta, GA 30066
      View Details
    • $11 SF/Yr
      6,125 SF

      Prime Marietta Office Space

      East Cobb location, 1350 sq ft available
      2440 Sandy Plains Rd, Marietta, GA 30066
      View Details
    • $18 SF/Yr
      6,000 SF

      East Cobb Ground-Level Office Suite

      1,500 SF office suite in a high-traffic East Cobb location.
      2440 Sandy Plains Rd, Marietta, GA 30066
      View Details
    • $12 SF/Yr
      16,110 SF

      High-Visibility Retail/Office Space Available

      Freestanding building with ample parking and excellent location.
      2568 Canton Rd, Marietta, GA 30066
      View Details
    • $400 /Mo

      Marietta Office Suites For Lease

      Renovated office suites in Marietta, suitable for various businesses.
      2621 Sandy Plains Rd, Marietta, GA 30066
      View Details
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    1337 Owenby Dr
    Marietta, GA 30066-6620
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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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