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    Property profile & analytics

    136 Fairground St Marietta, GA 30060

    • Office buildings
    • 8,722 SF
    • 0.44 lot acres
    For Sale
    View listing
    $1,700,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1084781
    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

    • Whitfield Lisa A / Attorney
    • Casey William T / Attorney

    Property Details for 136 Fairground St

    Year built
    2000
    Lot size
    0.44 lot acres
    Property size
    8,722 SF
    Zone code
    CRC
    Property type
    Office buildings
    APN
    16121401540
    APU
    16121401540

    Description

    This exceptional two-story executive office building, located at 136 Fairground St SE in Marietta, Georgia, presents a compelling investment opportunity. Boasting 7,500 square feet of well-designed space on a 0.44-acre lot, the property features a spacious layout with modern finishes. The asking price is $1,700,000, translating to $226.66 per square foot. Ample parking is available on-site, catering to the needs of employees and clients. Its prime location offers unparalleled convenience, situated in close proximity to Marietta Square. Furthermore, the building enjoys easy access to major transportation arteries, including I-75, Highway 41, and Highway 120. Adding to its accessibility, the property is conveniently located on a MARTA bus line, ensuring convenient public transportation options. This property is ideal for businesses seeking a prestigious and functional office space in a thriving area of Cobb County, Georgia, with zip code 30060. The building's modern design and strategic location combine to create a highly desirable commercial property. This is a rare opportunity to acquire a well-maintained, high-quality executive office building in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,075,000
      6.5%
      $1,915,000
      7%
      $1,780,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,721,000
      Market price range: $909k - $1.72M
      AI Estimate
      $1,371,000
      Market price range: $477k - $1.70M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,370,000
      Current use
      MEDICAL BUILDING
      $2,105,000
      Change: +54% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,920,000
      Change: +40% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,365,000
      Change: -1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,335,000
      Change: -3% Conversion: Easy
      RETAIL STORES
      $1,270,000
      Change: -7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5342
    Latitude
    33.9547
    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
    $5,211
    $140,160
    $475,840
    $616,000
    -
    $350,400
    $1,189,600
    $1,540,000

    Comparable in this City

    • Value Estimation
      $12,155,000
      63,740 SF

      709 Canton NE Rd

      OFFICE BUILDING • 63,740 SF
      709 Canton NE Rd, Marietta, GA 30060-8968
      View Details
    • Value Estimation by Request
      1,860 SF

      590 Armstrong SE St

      OFFICE BUILDING • 1,860 SF
      590 Armstrong SE St, Marietta, GA 30060-2306
      View Details
    • Value Estimation
      $1,010,000
      8,296 SF

      444 Manget SE St

      OFFICE BUILDING • 8,296 SF
      444 Manget SE St, Marietta, GA 30060-2739
      View Details
    • Value Estimation
      $755,000
      0.25 Acres

      45 Ss SE Ave

      OFFICE BUILDING • 0.25 Acres
      45 Ss SE Ave, Marietta, GA 30060-2538
      View Details
    • Value Estimation
      $775,000
      7,182 SF

      240 Cherokee NE St

      OFFICE BUILDING • 7,182 SF
      240 Cherokee NE St, Marietta, GA 30060-1627
      View Details
    • Value Estimation
      $1,655,000
      15,562 SF

      627 Cherokee NE St

      OFFICE BUILDING • 15,562 SF
      627 Cherokee NE St, Marietta, GA 30060-8964
      View Details

    Similar Nearby for Sale

    • $394,900
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    • $1,700,000
      7,500 SF

      Marietta Executive Office Building

      7,500 SF Executive Office, $1.7M
      136 Fairground St, Marietta, GA 30060
      View Details
    • $950,000
      3,358 SF

      Marietta Office Building - Prime Location

      Historic Charm, Modern Office Space, 3,358 sq ft
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    • $300,000
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      Four-sided brick office space in high-traffic area.
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      View Details

    Similar Nearby for Lease

    • $4,900 /Mo
      11,238 SF

      Marietta Commercial Property For Rent

      Dual-purpose commercial property with office and warehouse spaces available.
      99 Merritt St SE, Marietta, GA 30060
      View Details
    • $4,900 /Mo
      11,238 SF

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      Dual-purpose property with office and warehouse space for rent.
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      View Details
    • $17 SF/Yr
      48,800 SF

      Marietta Retail Center Opportunity

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      View Details
    • New
      $2,400 /Mo
      19,166 SF

      Marietta Office Space For Rent

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      305 Lawrence St, Marietta, GA 30060
      View Details
    • Contact for pricing
      7,355 SF

      Kennestone East Office Suites

      Marietta Medical & Executive Offices
      709 Canton Rd, Marietta, GA 30060
      View Details
    • $4,900 /Mo

      Renovated Commercial Property with Warehouse

      Dual-purpose property with office and warehouse space for rent.
      99 Merritt St Se, Marietta, GA 30060
      View Details
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    136 Fairground St
    Marietta, GA 30060
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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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