Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    249 Cobb S Pkwy Marietta, GA 30060-9210

    • Grocery and convenience stores
    • 12,092 SF
    • 2.32 lot acres
    OFF-MARKET
    Last Sale
    Apr 19, 2021
    $3,200,000
    Value Estimations
    $2,910,000
    Show details
    Cap Rate Potential
    6.3%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US22-1345368
    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

    • ALDI / Supermarket / Grocery Store

    Property Details for 249 Cobb S Pkwy

    Year built
    1951
    Lot size
    2.32 lot acres
    Property size
    12,092 SF
    Zone code
    CRC
    Property type
    Grocery and convenience stores
    APN
    16128300050
    APU
    16128300050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,705,000
      ML approach
      $3,060,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,835,000
      6.5%
      $2,615,000
      7%
      $2,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,695,000
      Market price range: $1.01M - $2.70M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,765,000
      Current use
      WAREHOUSE, STORAGE
      $4,540,000
      Change: +157% Conversion: Difficult
      MEDICAL BUILDING
      $2,920,000
      Change: +66% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,660,000
      Change: +51% Conversion: Moderate
      OFFICE BUILDING
      $1,900,000
      Change: +8% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,890,000
      Change: +7% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,850,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.517
    Latitude
    33.9459
    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
    $11,006
    $557,632
    $743,360
    $1,300,992
    -
    $1,394,080
    $1,858,400
    $3,252,480

    Comparable in this City

    • Value Estimation by Request
      2,562 SF

      2090 Favor SW Rd

      CONVENIENCE STORE • 2,562 SF
      2090 Favor SW Rd, Marietta, GA 30060-4707
      View Details
    • Value Estimation by Request
      1,695 SF

      824 Cobb SE Dr

      CONVENIENCE STORE • 1,695 SF
      824 Cobb SE Dr, Marietta, GA 30060-3152
      View Details
    • Value Estimation by Request
      1,412 SF

      334 Cobb S Pkwy

      CONVENIENCE STORE • 1,412 SF
      334 Cobb S Pkwy, Marietta, GA 30060-9211
      View Details
    • Value Estimation
      $525,000
      2,160 SF

      20 Pat Mell SE Rd

      CONVENIENCE STORE • 2,160 SF
      20 Pat Mell SE Rd, Marietta, GA 30060-4975
      View Details
    • Value Estimation
      $780,000
      4,407 SF

      1350 Cobb SE Dr

      CONVENIENCE STORE • 4,407 SF
      1350 Cobb SE Dr, Marietta, GA 30060-3802
      View Details
    • Value Estimation
      $2,545,000
      4,795 SF

      749 Marietta SE Pkwy

      CONVENIENCE STORE • 4,795 SF
      749 Marietta SE Pkwy, Marietta, GA 30060-2817
      View Details

    Similar Nearby for Sale

    • $394,900
      Pending

      Renovated Office/Retail Space in Marietta

      Well-maintained, renovated office/retail space with multiple business opportunities.
      405 Pat Mell Rd SW, Marietta, GA 30060
      View Details
    • $394,900
      Pending

      Renovated Retail Space in Marietta

      Well-maintained retail space with office rooms and potential uses.
      405 Pat Mell Rd, Marietta, GA 30060
      View Details
    • $2,750,000
      1.52 Acres

      Marietta Commercial Property with Development Potential

      1.5 acres near Marietta Square with versatile commercial buildings.
      380 Roswell St SE, Marietta, GA 30060
      View Details
    • $745,000
      1,957 SF

      Marietta Office Building For Sale

      1,957 SF Office/Retail, High Traffic
      848 Cobb Dr, Marietta, GA 30060
      View Details
    • Contact for pricing
      49,089 SF

      Retail Property on Pat Mell

      Retail property available for sale on Pat Mell Road.
      371 Pat Mell Rd, Marietta, GA 30060
      View Details
    • New
      $2,325,000
      Pending

      Marietta Industrial Property with Upside

      13,330 SF industrial property in Marietta with income potential.
      1875 Airport Industrial Park Dr SE, Marietta, GA 30060
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      48,800 SF

      Marietta Retail Center Opportunity

      48,800 SF Retail/Office Space, Marietta, GA
      562 Wylie Rd, Marietta, GA 30060
      View Details
    • Contact for pricing
      7,355 SF

      Kennestone East Office Suites

      Marietta Medical & Executive Offices
      709 Canton Rd, Marietta, GA 30060
      View Details
    • $4,900 /Mo

      Renovated Commercial Property with Warehouse

      Dual-purpose property with office and warehouse space for rent.
      99 Merritt St Se, Marietta, GA 30060
      View Details
    • New
      $2,400 /Mo
      19,166 SF

      Marietta Office Space For Rent

      Flexible office space near Marietta Square, Courthouse, and Wellstar Kennestone.
      305 Lawrence St, Marietta, GA 30060
      View Details
    • $7 SF/Yr
      24,131 SF

      Industrial Property with Outside Storage

      Industrial property with HI zoning and outside storage potential.
      Marietta, GA 30060
      View Details
    • $4,900 /Mo
      11,238 SF

      Marietta Commercial Property with Warehouse

      Dual-purpose property with office and warehouse space for rent.
      99 Merritt St SE, Marietta, GA 30060
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    249 Cobb S Pkwy
    Marietta, GA 30060-9210
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.