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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Investment properties
1492 Cobb SE Dr Marietta, GA 30060-7413
Individually Owned
Property ID
US22-1320703
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1988
Total area
5,870 SF
Lot
0.31 ac (13,504 SF)
Zoning code
GC
APN
17022400510
UPID
US22-1320703
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
-
Marietta Psychic Studio Spiritual Center
-
MEUDD MARIETTA IGLESIA Church
-
Sister Christian Spiritual Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$608k
Blend (final)
Blend
$580k
Owner & transaction history
Christopher Mcmellen
Christopher Mcmellen
since 2025
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
GC · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$925,000
+0.7%
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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$915,000
Current use
OFFICE BUILDING
$925,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$900,000
Change: -2% · Conversion: Moderate
RETAIL STORES
$855,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $600k (Dec 31 2025)
Last sale anchor
$600k
Dec 31 2025
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
$99 / 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
$6,975
Tax year 2024
Assessed value
$231,348
Assessed 2024
Previous assessed
$201,396
+14.9% YoY
Effective rate
3.01%
On assessed value
Assessed land
$70,188
Assessed improvement
$161,160
Land market value
$175,470
Improvement market value
$402,900
Total market value
$578,370
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1988
Heating
NONE
Total area
5,870 SF
Lot
0.31 ac (13,504 SF)
Zoning code
GC
APN
17022400510
UPID
US22-1320703
Jurisdiction
COBB
Zoning & alternative use
GC · Marietta, GA
Zoning GC · permitted uses
GC · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$915,000
OFFICE BUILDING
Est. value
$925,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$900,000
RETAIL STORES
Est. value
$855,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Lot
0.31 ac
Current owner
From public records · entity-resolved
Christopher Mcmellen
Individual
Mailing address
1492 S COBB DR SE, MARIETTA, GA 30060-7413
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
$400,000
Christopher Mcmellen
The Old Path Revival Commission INC
Deed
related
—
Dec 31, 2025
$600,000
The Old Path Revival Commission INC
Christopher Mcmillen
Deed
—
Feb 14, 2022
—
Christopher Mcmillen
Lovia Mcmillen
Intrafamily Transfer
related
—
May 21, 2021
—
Lovia Mcmillen
Lovia Mcmillen
Intrafamily Transfer
related
—
Jun 29, 2004
—
Lovia Mcmillen
—
Trustees Deed
related
$250,000 · Georgia State Bank
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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