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Property profile & analytics
FOR LEASE
Office buildings
1600 Terrell Mill Rd, Marietta, GA 30067
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1650172
For Lease
1 / 5
$42,885,000
1600 Terrell Mill Rd, Marietta, GA 30067
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
256,067 SF
Lot
17.28 ac (752,717 SF)
Zoning code
LI
APN
17080100030
UPID
US22-1650172
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
-
Trs Recovery Services, Inc. Accounting Firm Loan Service
-
Fiserv, Inc. Corporate Office
-
Quintiles Laboratory
-
Q2 Solutions Pvt. Ltd Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$56.27M
Comparable Approach
Comparable
$47.34M
Blend (final)
Blend
$42.89M
Owner & transaction history
Terrell Mill LLC · 4 yrs held
Terrell Mill LLC
since 2021
7 recorded transactions
Zoning & alternative use
LI · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$61.8M
+44.5%
Neighborhood: shopping center
$56.4M
+31.8%
Retail stores
$56.3M
+31.6%
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%
$60,960,000
6.5%
$56,270,000
7%
$52,250,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$42,785,000
Current use
MEDICAL BUILDING
$61,845,000
Change: +45% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$56,375,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$56,325,000
Change: +32% · Conversion: Moderate
COMMERCIAL (GENERAL)
$49,960,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$44,485,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$42.89M
Range $38.60M – $47.17M · ±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
$167 / 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
$384,530
Tax year 2024
Assessed value
$11,795,400
Assessed 2024
Previous assessed
$11,795,400
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$4,189,116
Assessed improvement
$7,606,284
Land market value
$10,472,790
Improvement market value
$19,015,710
Total market value
$29,488,500
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1980
Heating
NONE
Buildings
2
Total area
256,067 SF
Lot
17.28 ac (752,717 SF)
Zoning code
LI
APN
17080100030
UPID
US22-1650172
Jurisdiction
COBB
Zoning & alternative use
LI · Marietta, GA
Zoning LI · permitted uses
LI · 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
OFFICE BUILDING Current
Est. value
$42.8M
MEDICAL BUILDING
Est. value
$61.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$56.4M
RETAIL STORES
Est. value
$56.3M
COMMERCIAL (GENERAL)
Est. value
$50.0M
AUTO REPAIR, GARAGE
Est. value
$44.5M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1980
Heating
NONE
Buildings
2
Lot
17.28 ac
Current owner
From public records · entity-resolved
Terrell Mill LLC
Entity
Mailing address
551 5TH AVE RM #2500, NEW YORK, NY 10176-2600
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
—
Terrell Mill LLC
Development Authority Of Cobb Count
Limited Warranty Deed
—
Nov 21, 2018
—
Terrell Mill LLC
—
Deed
related
$26,000,000 · Basis R/e Cap II
May 3, 2011
—
Terrell Mill LLC
—
Deed Of Trust
related
$22,500,000 · Basis Real Estate Cap II LLC
Dec 31, 2008
—
Developement Authority Cobb Cn
Terrell Mill LLC
Grant Deed
related
—
Jun 3, 2008
—
Terrel Mill LLC
Spg Terrell Mill LLC
Quit Claim Deed
related
—
Jun 3, 2008
$32,250,000
Terrel Mill LLC
Spg Terrell Mill LLC
Grant Deed
—
Jul 3, 2006
$10,000,000
Spg Terrell Mill LLC
At & T Corp
Grant Deed
—
—
—
Terrell Mill LLC
—
Deed Of Trust
related
$26,000,000 · Basis R/e Cap II
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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