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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2151 Nwnw SE Pkwy Marietta, GA 30067-8714

    • Office buildings
    • 84,436 SF
    • 4.95 lot acres
    OFF-MARKET
    Last Sale
    Aug 12, 2024
    $10,000,000
    Value Estimations
    $10,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1416775
    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

    • Office buildings

    Property Details for 2151 Nwnw SE Pkwy

    Year built
    1980
    Lot size
    4.95 lot acres
    Property size
    84,436 SF
    Zone code
    LI
    Property type
    Office buildings
    APN
    17072700060
    APU
    17072700060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,000,000
      ML approach
      $10,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,235,000
      Market price range: $8.88M - $22.2M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $14,110,000
      Current use
      COMMERCIAL (GENERAL)
      $16,475,000
      Change: +17% Conversion: Easy
      AUTO REPAIR, GARAGE
      $14,670,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.4879
    Latitude
    33.921
    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
    $19,467
    $628,632
    $1,672,448
    $2,301,080
    -
    $1,571,580
    $4,181,120
    $5,752,700

    Comparable in this City

    • Value Estimation
      $42,885,000
      256,067 SF

      1600 Terrell Ml SE Rd

      OFFICE BUILDING • 256,067 SF
      1600 Terrell Ml SE Rd, Marietta, GA 30067-8302
      View Details
    • Value Estimation
      $24,765,000
      431,575 SF

      1850 Pkwy SE Pl

      OFFICE BUILDING (MULTI-STORY) • 431,575 SF
      1850 Pkwy SE Pl, Marietta, GA 30067-4439
      View Details
    • Value Estimation
      $8,170,000
      58,108 SF

      2250 Newmarket SE Pkwy

      OFFICE BUILDING • 58,108 SF
      2250 Newmarket SE Pkwy, Marietta, GA 30067-8749
      View Details
    • Value Estimation
      $18,770,000
      145,194 SF

      889 Franklin SE Gtwy

      OFFICE BUILDING • 145,194 SF
      889 Franklin SE Gtwy, Marietta, GA 30067-8056
      View Details
    • Value Estimation
      $9,845,000
      84,423 SF

      1750 Enterprise SE Way

      OFFICE BUILDING • 84,423 SF
      1750 Enterprise SE Way, Marietta, GA 30067-9220
      View Details
    • Value Estimation
      $11,665,000
      64,402 SF

      830 Franklin SE Ct

      OFFICE BUILDING • 64,402 SF
      830 Franklin SE Ct, Marietta, GA 30067-8939
      View Details

    Similar Nearby for Sale

    • $1,550,000
      9,440 SF

      Office/Flex Property with Warehouse

      Single-tenant office/flex opportunity with warehouse space in Marietta, GA.
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    • Contact for pricing
      6,027 SF

      Versatile Office Building in Marietta

      Well-maintained office building suitable for various professional and medical uses.
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    • $1,900,000
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      Modern Office Suites, High-Demand Location
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    • $360,000
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      Well-maintained commercial property with high visibility in a desirable location.
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    • $750,000
      7,350 SF

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      7,350 SF office space for sale in Marietta, GA.
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    • $475,000
      996 SF

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      996 SF commercial property in Marietta, GA, renovated in 2024.
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    Similar Nearby for Lease

    • $19 SF/Yr
      19,200 SF

      Marietta Office Space Available

      Office suite for lease in a convenient Marietta location.
      2060 Franklin Way, Marietta, GA 30067
      View Details
    • $16 SF/Yr
      1,675 SF

      Marietta Office Space: 1640 Powers Ferry Rd

      Prime Cobb County Office Suite - 1675 sq ft available
      1640 Powers Ferry Rd, Marietta, GA 30067
      View Details
    • $20 SF/Yr
      85,046 SF

      Northchase Parkway Office Space

      Marietta, GA office suites available
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      View Details
    • $16 SF/Yr
      6,000 SF

      Marietta Office Space For Rent

      6,000 SF office space available for lease in Marietta.
      521 Village Trce NE, Marietta, GA 30067
      View Details
    • $5 SF/Yr
      6,033 SF

      Marietta Office Space for Lease

      Flexible Office Solutions in Cobb County
      1640 Powers Ferry Rd, Marietta, GA 30067
      View Details
    • $15 SF/Yr
      19,880 SF

      Governor's Ridge Office Space

      Marietta, GA Office Suites Available
      1640 Powers Ferry Rd, Marietta, GA 30067
      View Details
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    Marietta, GA 30067-8714
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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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