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

    2353 Barrett Crk Pkwy Marietta, GA 30066-4927

    • Hotels
    • 65,352 SF
    • 2.15 lot acres
    OFF-MARKET
    Last Sale
    Nov 19, 2020
    $5,850,000
    Value Estimations
    $6,285,000
    Show details
    Cap Rate Potential
    3.8%
    Hotels
    Location Intelligence
    Property ID
    US22-1783062
    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

    • InTown Suites Extended Stay Atlanta GA - Marietta Town Center / Hotel & Motel / Vacation Rental

    Property Details for 2353 Barrett Crk Pkwy

    Year built
    1997
    Lot size
    2.15 lot acres
    Property size
    65,352 SF
    Zone code
    CRC/GC
    Property type
    Hotels
    Property subtype
    Motels
    APN
    16064400050
    APU
    16064400050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,715,000
      ML approach
      $6,725,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,270,000
      6.5%
      $3,940,000
      7%
      $3,660,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $8,460,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $10,010,000
      Change: +18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5575
    Latitude
    34.0109
    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
    $85,772
    $506,048
    $1,934,120
    $2,440,168
    -
    $1,265,120
    $4,835,300
    $6,100,420

    Comparable in this City

    • Value Estimation by Request
      29,758 SF

      4975 Canton Rd

      HOTEL/MOTEL • 29,758 SF
      4975 Canton Rd, Marietta, GA 30066-1094
      View Details
    • Value Estimation
      $5,530,000
      40,846 SF

      1051 Canton Rd

      HOTEL/MOTEL • 40,846 SF
      1051 Canton Rd, Marietta, GA 30066-6039
      View Details
    • Value Estimation by Request
      2,417 SF

      1841 Piedmont Rd

      Office Properties & Spaces • 2,417 SF
      1841 Piedmont Rd, Marietta, GA 30066
      View Details
    • Value Estimation by Request
      0.05 Acres

      3417 Canton Rd

      Office Properties & Spaces • 0.05 Acres
      3417 Canton Rd, Marietta, GA 30066
      View Details
    • Value Estimation by Request
      7,621 SF

      2621 Sandy Plains Rd

      Office Properties & Spaces • 7,621 SF
      2621 Sandy Plains Rd, Marietta, GA 30066
      View Details
    • Value Estimation by Request
      0.48 Acres

      101 Dickson Rd

      VACANT COMMERCIAL LAND • 0.48 Acres
      101 Dickson Rd, Marietta, GA 30066-6036
      View Details

    Similar Nearby for Sale

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      Vacant lot in a peaceful neighborhood with a creek.
      2037 Kingswood Dr, Marietta, GA 30066
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    • New
      $84,000
      1.00 Acre

      Marietta Land in Prime Location

      Private lot near Cobb Parkway, Barrett Parkway, and I-75.
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    • $41,999
      0.50 Acres

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      Vacant lot in peaceful neighborhood with creek and great schools.
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    • $500,000
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      Canton Road Commercial Land Assemblage

      One-acre Marietta, GA commercial lot. High traffic, great visibility.
      4500 Canton Rd, Marietta, GA 30066
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      0.05 Acres

      Marietta Office Condo - Prime Location

      Versatile Office Space, Ideal for Business
      3417 Canton Rd, Marietta, GA 30066
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    • $895,000
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      Marietta Land with Commercial Potential

      One-acre corner lot with potential for commercial development.
      3090 Trickum Rd, Marietta, GA 30066
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    Similar Nearby for Lease

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      1,256 SF

      End Unit Townhome For Rent

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    • $10 SF/Yr
      7,700 SF

      Renovated Office Space Available

      7,700 SF professional office space in Northeast Cobb location.
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    • Contact for pricing

      Retail Space Near Town Center

      Retail spaces available in Marietta near Town Center at Cobb.
      125 Ernest W Barrett Pkwy Northwest, Marietta, GA 30066
      View Details
    • Contact for pricing
      4,700 SF

      Retail Space in Kroger-Anchored Center

      Retail space available in a high-visibility, Kroger-anchored shopping center.
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    • $4,300,000
      13,190 SF

      Marietta Flex Industrial Property

      Two-building flex industrial property in Marietta, GA available for rent.
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      View Details
    • Contact for pricing
      326,683 SF

      Marietta Retail Center - Prime Location

      High-traffic retail space, multiple units available.
      50 Barrett Pkwy, Marietta, GA 30066
      View Details
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    Marietta, GA 30066-4927
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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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