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

    2400 Barrett Crk Blvd Marietta, GA 30066-4971

    • Garden apartment buildings
    • 326,166 SF
    • 40.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0321310
    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

    • Xtreme TV Mounting / Home Theater Store
    • MAA Barrett Creek / Apartment Complex / Apartment Rental Agency
    • Metro Atlanta Solutions / Kitchen Remodeler / Countertop Contractor
    • Metro Atlanta Granite & Marble / Kitchen Remodeler / Countertop Contractor
    • Midgard Scientific, LLC / Training Centre / Consultant

    Property Details for 2400 Barrett Crk Blvd

    Year built
    1998
    Lot size
    40.00 lot acres
    Property size
    326,166 SF
    Zone code
    RM-12/WS
    Property type
    Garden apartment buildings
    APN
    16065400010
    APU
    16065400010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $73,030,000
      6.5%
      $67,410,000
      7%
      $62,595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $75,709,000
      Market price range: $31.7M - $75.7M
      AI Estimate
      $41,481,000
      Market price range: $4.40M - $41.5M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $49,950,000
      Current use
      MEDICAL BUILDING
      $78,775,000
      Change: +58% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $71,805,000
      Change: +44% Conversion: Difficult
      RETAIL STORES
      $71,745,000
      Change: +44% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $56,660,000
      Change: +13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $41,620,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5536
    Latitude
    34.0091
    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
    $820,080
    $6,342,336
    $20,857,664
    $27,200,000
    -
    $15,855,840
    $52,144,160
    $68,000,000

    Comparable in this City

    • Value Estimation by Request
      300,369 SF

      3024 Hidden Frst Ct

      GARDEN APT, COURT APT (5+ UNITS) • 300,369 SF
      3024 Hidden Frst Ct, Marietta, GA 30066-3142
      View Details
    • Value Estimation
      $5,410,000
      3.16 Acres

      3011 Hidden Frst Ct

      GARDEN APT, COURT APT (5+ UNITS) • 3.16 Acres
      3011 Hidden Frst Ct, Marietta, GA 30066-3106
      View Details
    • Value Estimation by Request
      733,450 SF

      3021 Hidden Frst Ct

      GARDEN APT, COURT APT (5+ UNITS) • 733,450 SF
      3021 Hidden Frst Ct, Marietta, GA 30066-3100
      View Details
    • Value Estimation by Request
      385,954 SF

      425 Williams Dr

      GARDEN APT, COURT APT (5+ UNITS) • 385,954 SF
      425 Williams Dr, Marietta, GA 30066-6157
      View Details
    • Value Estimation
      $47,515,000
      437,231 SF

      3079 Hidden Frst Ct

      GARDEN APT, COURT APT (5+ UNITS) • 437,231 SF
      3079 Hidden Frst Ct, Marietta, GA 30066-3117
      View Details
    • Value Estimation by Request
      578,456 SF

      1955 Bells Fry Rd

      GARDEN APT, COURT APT (5+ UNITS) • 578,456 SF
      1955 Bells Fry Rd, Marietta, GA 30066-7020
      View Details

    Similar Nearby for Sale

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      Four-bedroom home in a well-maintained 55+ community with numerous amenities.
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      Commercial property in a prime location with high visibility.
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      Assemblage near Racetrac with high traffic and visibility.
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      Marietta Warehouse/Distribution Property For Sale

      11,868 SF building in Marietta, GA, built in 1999.
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    • $420,000
      1.00 Acre

      Commercial Land Near I-75

      One acre commercial land near I-75 in Marietta, GA.
      1351 Bells Ferry Rd, Marietta, GA 30066
      View Details

    Similar Nearby for Lease

    • $1,650 /Mo
      1,256 SF

      End Unit Townhome For Rent

      Two-bedroom, two-and-a-half-bathroom townhome with enclosed patio.
      2928 Governors Ct, Marietta, GA 30066
      View Details
    • $10 SF/Yr
      7,700 SF

      Renovated Office Space Available

      7,700 SF professional office space in Northeast Cobb location.
      1135 Shallowford Rd, Marietta, GA 30066
      View Details
    • 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.
      3595 Canton Rd, Marietta, GA 30066
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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.
      131 Bells Ferry Ln, Marietta, GA 30066
      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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    2400 Barrett Crk Blvd
    Marietta, GA 30066-4971
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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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