Smyrna, GA 30127
- Day care centers
- 4,800 SF
- 0.41 lot acres
Current Use by Public Records
- YLA AT SMYRNA ACADEMY / Language School / Learning Center
- Growing With Grace Tutoring / Tutoring Service
Property Details for 1717 Spring Street
- Year built
- 1975
- Lot size
- 0.41 lot acres
- Property size
- 4,800 SF
- Zone code
- GC
- Property type
- Day care centers
- APN
- 17063200650
- APU
- 17063200650
Description
This exceptional 4,800 square foot office building, located at 1717 Spring Street SE in Smyrna, Georgia 30080, presents a compelling investment opportunity. The property, a traditional office space currently operating as a daycare, is offered at $746,750, representing a compelling price per square foot of $155.57 and a strong 7.25% capitalization rate. Built in 1980 and extensively renovated in 2020, the building boasts a fresh interior and exterior, new flooring, and a new security fence. Currently operating at 100% occupancy under a NNN lease, this single-tenant property offers a stable income stream. Its prime location in Cobb County offers convenient access to Truist Park, enhancing its appeal and potential for future growth. The property's recent renovations minimize immediate capital expenditure needs, making it an attractive option for investors seeking a turnkey investment with significant upside potential. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a desirable location. The building's strong financial performance, combined with its recent upgrades and strategic location, makes it an ideal addition to any investment portfolio.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $180,000
- 6.5%
- $170,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $215,000
- Mixed-Use
- $220,000
- Hospitality
- $220,000
- Educational
- $210,000
- Residential Income
- $200,000
- Energy
- $170,000
- Income-Based Land
- $180,000
- Food Service
- $190,000
Location Insight
- Map
- Local Demand
- City
- Smyrna
- County
- Cobb
- State
- Georgia
- Longitude
- -84.5035
- Latitude
- 33.8839
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA