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    Property profile & analytics

    2000 1st Dr Marietta, GA 30062-7739

    • Office buildings
    • 28,200 SF
    • 2.24 lot acres
    OFF-MARKET
    Value Estimations
    $3,445,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0806774
    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

    • David Pearson Communities / Construction Company / General Contractor
    • Sharp Home Care / House Sitter Agency / Nursing Agency
    • Ashanta Posey / Physician
    • Homestar Financial Corporation - Brad Morrell / Loan Service / Bank
    • Safe America Drivers | Safe America Foundation / Training Center / Vocational School

    Property Details for 2000 1st Dr

    Year built
    1999
    Lot size
    2.24 lot acres
    Property size
    28,200 SF
    Zone code
    OI
    Property type
    Office buildings
    APN
    16062900100
    APU
    16062900100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,293,000
      Market price range: $3.29M - $7.05M
      AI Estimate
      $3,491,000
      Market price range: $3.49M - $6.68M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,955,000
      Current use
      COMMERCIAL (GENERAL)
      $5,345,000
      Change: +8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,900,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.4942
    Latitude
    34.0108
    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
    $27,135
    $273,236
    $626,764
    $900,000
    -
    $683,090
    $1,566,910
    $2,250,000

    Comparable in this City

    • Value Estimation
      $2,405,000
      22,608 SF

      1800 Roswell Rd

      OFFICE BUILDING • 22,608 SF
      1800 Roswell Rd, Marietta, GA 30062-3935
      View Details
    • Value Estimation
      $775,000
      6,128 SF

      1970 Roswell Rd

      OFFICE BUILDING • 6,128 SF
      1970 Roswell Rd, Marietta, GA 30062-3954
      View Details
    • Value Estimation
      $745,000
      5,976 SF

      1584 Roswell Rd

      OFFICE BUILDING • 5,976 SF
      1584 Roswell Rd, Marietta, GA 30062-3617
      View Details
    • Value Estimation by Request
      3,216 SF

      2997 Johnson Fry Rd

      OFFICE BUILDING • 3,216 SF
      2997 Johnson Fry Rd, Marietta, GA 30062-5653
      View Details
    • Value Estimation
      $12,620,000
      76,921 SF

      1775 Oak Cmns Ct

      OFFICE BUILDING • 76,921 SF
      1775 Oak Cmns Ct, Marietta, GA 30062-2254
      View Details
    • Value Estimation
      $1,520,000
      11,716 SF

      3113 Roswell Rd

      OFFICE BUILDING • 11,716 SF
      3113 Roswell Rd, Marietta, GA 30062-7620
      View Details

    Similar Nearby for Sale

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      0.69 Acres

      Marietta Land For Sale

      East Cobb County parcel suitable for office condo development.
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    • Contact for pricing

      East Cobb Office Building Suites

      Newly renovated office suites available in East Cobb market.
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    • $900,000
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      Marietta Office Building For Sale

      Fully leased office building in East Cobb's Providence Place.
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    • Contact for pricing
      157,020 SF

      Marietta Office with Warehouse Space

      Versatile office building with warehouse space for sale.
      1880 W Oak Pkwy, Marietta, GA 30062
      View Details
    • $2,350,000
      10,000 SF

      High-Visibility Retail Building in Marietta

      Retail building on Shallowford Road, ideal for various commercial uses.
      3980 Shallowford Rd, Marietta, GA 30062
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    • $869,900
      0.69 Acres

      Marietta Commercial Property For Sale

      East Cobb County parcel suitable for medical or dental office.
      2251 Roswell Rd NE, Marietta, GA 30062
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr

      Modern Office Building on Roswell

      Four-story office building with modern finishes and excellent visibility.
      2265 Roswell Rd, Marietta, GA 30062
      View Details
    • $600 /Mo
      1,133 SF

      Furnished Office Space in Marietta

      Updated, furnished single office space in East Cobb, Marietta.
      3535 Roswell Rd, Marietta, GA 30062
      View Details
    • $1,800 /Mo
      65,340 SF

      Marietta Office Space For Lease

      Commercial office space in Marietta, GA, ready for customization.
      3090 NE Unit, Marietta, GA 30062
      View Details
    • $475 /Mo
      43,560 SF

      Marietta Executive Office Suite

      Executive suite for lease with updated interior and exterior.
      1744 Roswell Rd, Marietta, GA 30062
      View Details
    • $1,000 /Mo
      2,134 SF

      Marietta Office Space Available

      Small office space suitable for various professional services.
      4343 Shallowford Rd, Marietta, GA 30062
      View Details
    • $1,000 /Mo
      2,134 SF

      Professional Office Space Available

      Small office perfect for professionals, ready for immediate occupancy.
      4343 Shallowford Rd, Marietta, GA 30062
      View Details
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    2000 1st Dr
    Marietta, GA 30062-7739
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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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