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Property profile & analytics
FOR LEASE
Outlet malls
1401 Johnson Ferry Rd Marietta, GA 30062
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-0802989
For Lease
1 / 6
$22,095,000
1401 Johnson Ferry Rd, Marietta, GA 30062
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2007
Total area
239,207 SF
Lot
8.78 ac (382,345 SF)
Zoning code
GC/WS
APN
16089900060
UPID
US22-0802989
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
East Cobb Barbershop Barber Shop
-
Orangetheory Fitness Gym & Fitness Center
-
Jeon's Judo Taekwondo | TEAM JJT Training Center Sports School
-
Starbucks Cafe & Coffee Shop
-
CVS Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.76M
Blend (final)
Blend
$22.10M
Owner & transaction history
First Financial Bank · 1 yrs held
First Financial Bank
since 2025
4 recorded transactions
Zoning & alternative use
GC/WS · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.10M
Range $19.89M – $24.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$178,488
Tax year 2024
Assessed value
$5,920,000
Assessed 2024
Previous assessed
$5,188,400
+14.1% YoY
Effective rate
3.02%
On assessed value
Assessed land
$4,421,344
Assessed improvement
$1,498,656
Land market value
$11,053,360
Improvement market value
$3,746,640
Total market value
$14,800,000
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
2007
Heating
NONE
Total area
239,207 SF
Lot
8.78 ac (382,345 SF)
Zoning code
GC/WS
APN
16089900060
UPID
US22-0802989
Jurisdiction
COBB
Zoning & alternative use
GC/WS · Marietta, GA
Zoning GC/WS · permitted uses
GC/WS · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Lot
8.78 ac
Current owner
From public records · entity-resolved
First Financial Bank
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 9456, MINNEAPOLIS, MN 55440-9456
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
$14,300,000
First Financial Bank
Lmr II Merchants Festival LLC
Deed
related
—
Jun 15, 2023
$18,550,000
Lmr II Merchants Festival LLC
Ch Rlty Viii R Atlanta Merchants Fe
Deed
$14,300,000 · First Financial Bank
Jun 15, 2023
—
Lmr II Merchants Festival LLC
Ch Rlty Viii R Atlanta Merchants Fe
Deed
—
Jul 10, 2018
$17,620,000
Ch Realty Viii Of R Atlanta Merch
Merchants Festival Partners LP
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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