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    2454 Marneil Dr Marietta, GA 30062
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    Property profile & analytics

    2454 Marneil Dr Marietta, GA 30062

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    • Commercial real estate
    • 3.41 lot acres
    Off-Market
    Property ID
    US22-1723649
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Global Matters Inc / Business Management Consultant

    Property Details for 2454 Marneil Dr

    Lot size
    3.41 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.41-acre parcel in Marietta, Georgia, presents a unique investment opportunity. Located in Cobb County at 2454 Marneil Dr NE, zip code 30062, this bank-owned property is priced at $750,000, below appraised value. The land is zoned R4 and already has approval for subdivision into seven residential lots, making it ideal for developing a high-end residential community. Each lot has the potential to support a home valued at over $1 million. A significant advantage is the existing land disturbance permit, allowing immediate commencement of development. This eliminates significant upfront planning and permitting delays, accelerating the project timeline and maximizing return on investment. The property's location in desirable Cobb County offers easy access to amenities and infrastructure, further enhancing its appeal to potential homebuyers. This is a rare chance to acquire a substantial land holding with pre-approved development plans, ready for immediate action. Seize this opportunity to create a lucrative residential community in a prime location. The property is being sold as a bank-owned foreclosure.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.4807319
    Latitude
    34.0103195

    Comparable in this City

    • $4,000,000
      Pending

      Land For Sale in Marietta

      Land available for purchase in Marietta, Georgia.
      2760 Hembree Rd, Marietta, GA 30062
      View Details
    • $850,000
      1.60 Acres

      Marietta Land Near East Cobb

      Approximately 1.6 acres of land zoned for single-family homes.
      2672 Roswell Rd, Marietta, GA 30062
      View Details
    • $135,000
      1.60 Acres

      Residential Land in Marietta, GA

      1.6 acre residential land parcel for sale in Marietta.
      Shadowbrook Dr, Marietta, GA 30062
      View Details
    • $675,000
      0.96 Acres

      Buildable Lot in East Cobb

      Rare opportunity to build your dream home in Marietta, GA.
      2361 Hembree Dr, Marietta, GA 30062
      View Details
    • New
      $259,900
      0.48 Acres

      Residential Lots in Pope District

      Developed residential basement lots ready to build in Marietta.
      2593 Warwick Dr, Marietta, GA 30062
      View Details
    • $3,000,000
      5.00 Acres

      5 Acres in East Cobb

      Undeveloped land in a desirable location with endless potential.
      4580 Roswell Rd, Marietta, GA 30062
      View Details

    Similar Nearby for Sale

    • $4,000,000
      Pending

      Land For Sale in Marietta

      Land available for purchase in Marietta, Georgia.
      2760 Hembree Rd, Marietta, GA 30062
      View Details
    • $850,000
      1.60 Acres

      Marietta Land Near East Cobb

      Approximately 1.6 acres of land zoned for single-family homes.
      2672 Roswell Rd, Marietta, GA 30062
      View Details
    • $135,000
      1.60 Acres

      Residential Land in Marietta, GA

      1.6 acre residential land parcel for sale in Marietta.
      Shadowbrook Dr, Marietta, GA 30062
      View Details
    • $675,000
      0.96 Acres

      Buildable Lot in East Cobb

      Rare opportunity to build your dream home in Marietta, GA.
      2361 Hembree Dr, Marietta, GA 30062
      View Details
    • New
      $259,900
      0.48 Acres

      Residential Lots in Pope District

      Developed residential basement lots ready to build in Marietta.
      2593 Warwick Dr, Marietta, GA 30062
      View Details
    • $3,000,000
      5.00 Acres

      5 Acres in East Cobb

      Undeveloped land in a desirable location with endless potential.
      4580 Roswell Rd, Marietta, GA 30062
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Marietta Retail Space For Lease

      Retail and restaurant spaces available in shadow-anchored Marietta center.
      1401 Johnson Ferry Rd, Marietta, GA 30062
      View Details
    • Contact for pricing

      Marietta Retail Space Available

      Retail space for rent in a well-located Marietta area.
      2424 Roswell Rd, Marietta, GA 30062
      View Details
    • $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
    • $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
    • $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
    • Contact for pricing

      Established Retail Center on Roswell

      Retail center with recent upgrades and high traffic volume.
      1477 Roswell Rd, Marietta, GA 30062
      View Details
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    Marietta, GA 30062
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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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    2454 Marneil Dr, Marietta, GA, 30062
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