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Property profile & analytics
FOR LEASE
Office buildings
2150 New Market Pkwy SE, Marietta, GA 30067
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-1707405
For Lease
1 / 6
$7,585,000
2150 New Market Pkwy SE, Marietta, GA 30067
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
60,906 SF
Lot
4.31 ac (187,831 SF)
Zoning code
LI
APN
17071400090
UPID
US22-1707405
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
-
Spirit And Truth Church Marietta Church
-
American Breast Care Production Facility Factory
-
Hunger Church Atlanta Church
-
Pnuma Music Academy Vocational School Training Center
-
All Nations Worship Assembly Atlanta Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.64M
Blend (final)
Blend
$7.59M
Owner & transaction history
Icon Ipc Property Owner Pool 5 Ga F · 1 yrs held
Icon Ipc Property Owner Pool 5 Ga F
since 2025
Last sale
$8.7M
5 recorded transactions
Zoning & alternative use
LI · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.9M
+16.8%
Auto repair, garage
$10.6M
+4.0%
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
$6,375,000
ML approach
$6,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,175,000
Current use
COMMERCIAL (GENERAL)
$11,885,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,580,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$7.59M
Range $6.83M – $8.34M · ±10% · vs last sale $8.70M (May 27 2025)
Last sale anchor
$8.70M
May 27 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
$125 / 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
$16,102
Tax year 2024
Assessed value
$1,903,280
Assessed 2024
Previous assessed
$1,660,000
+14.7% YoY
Effective rate
0.85%
On assessed value
Assessed land
$502,964
Assessed improvement
$1,400,316
Land market value
$1,257,410
Improvement market value
$3,500,790
Total market value
$4,758,200
Applied tax rate
4.0000
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
1983
Heating
NONE
Total area
60,906 SF
Lot
4.31 ac (187,831 SF)
Zoning code
LI
APN
17071400090
UPID
US22-1707405
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
$10.2M
COMMERCIAL (GENERAL)
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$10.6M
OFFICE BUILDING Current
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
1983
Heating
NONE
Lot
4.31 ac
Current owner
From public records · entity-resolved
Icon Ipc Property Owner Pool 5 Ga F
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
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
May 27, 2025
—
Icon Ipc Property Owner Pool 5 Ga F
Deutsche Bank Ag
Quitclaim Deed
related
—
Oct 14, 2019
—
Icon Ipc Property Owner Pool 5
—
Deed
related
$550,000,000 · Deutsche Bank
Apr 2, 2015
$8,697,400
Icon Ipc Prop Owner Pool 5 Ga
Bre Ipc Property Owner LLC
Trustees Deed
$585,000,000 · Goldman Sachs Mtg
Jun 3, 2005
$3,582,900
Ipc Newmarket LLC
Atl 2150 N LLC
Grant Deed
$14,000,000 · Crow Holdings Realty Partners
Dec 6, 2004
$4,500,000
Alt 2150 N LLC
Trizec Realty INC
Grant Deed
—
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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