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

    2769 Chastain Mdws Pkwy Marietta, GA 30066-3369

    • Strip malls
    • 27,200 SF
    • 3.86 lot acres
    OFF-MARKET
    Last Sale
    Oct 17, 2022
    $7,400,000
    Value Estimations
    $8,115,000
    Show details
    Cap Rate Potential
    4.6%
    Strip malls
    Location Intelligence
    Property ID
    US22-0848942
    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

    • Strip malls

    Property Details for 2769 Chastain Mdws Pkwy

    Year built
    2005
    Lot size
    3.86 lot acres
    Property size
    27,200 SF
    Zone code
    GC/WS
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    16058100010
    APU
    16058100010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,490,000
      ML approach
      $9,145,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,285,000
      6.5%
      $6,725,000
      7%
      $6,245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,534,000
      Market price range: $2.50M - $9.49M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,990,000
      Current use
      WAREHOUSE, STORAGE
      $10,210,000
      Change: +70% Conversion: Difficult
      MEDICAL BUILDING
      $6,570,000
      Change: +10% Conversion: Difficult
      RETAIL STORES
      $5,985,000
      Change: -0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5557
    Latitude
    34.0173
    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
    $68,256
    $854,852
    $1,086,988
    $1,941,840
    -
    $2,137,130
    $2,717,470
    $4,854,600

    Comparable in this City

    • Value Estimation
      $15,115,000
      115,107 SF

      3595 Canton Rd

      SHOPPING CENTER, STRIP CENTER • 115,107 SF
      3595 Canton Rd, Marietta, GA 30066-2658
      View Details
    • Value Estimation
      $8,555,000
      68,698 SF

      2505 Chastain Mdws NW Pkwy

      SHOPPING CENTER, STRIP CENTER • 68,698 SF
      2505 Chastain Mdws NW Pkwy, Marietta, GA 30066-3330
      View Details
    • Value Estimation
      $1,185,000
      8,280 SF

      1750 Bells Fry Rd

      SHOPPING CENTER, STRIP CENTER • 8,280 SF
      1750 Bells Fry Rd, Marietta, GA 30066-6119
      View Details
    • Value Estimation
      $1,355,000
      8,000 SF

      3545 Canton Rd

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      3545 Canton Rd, Marietta, GA 30066-7617
      View Details
    • Value Estimation by Request
      0.60 Acres

      Canton Rd

      SHOPPING CENTER, STRIP CENTER • 0.60 Acres
      Canton Rd, Marietta, GA 30066
      View Details
    • Value Estimation
      $2,420,000
      16,128 SF

      2595 Sandy Plns Rd

      SHOPPING CENTER, STRIP CENTER • 16,128 SF
      2595 Sandy Plns Rd, Marietta, GA 30066-7241
      View Details

    Similar Nearby for Sale

    • $722,143
      3,195 SF

      Cozy Coop

      Restaurants • 3,195 SF
      2500 Barrett Creek Blvd, Marietta, GA 30066
      View Details
    • $2,500,000
      3,611 SF

      Prime Marietta Retail Investment

      Former bank, high traffic, redevelopment potential.
      2674 Sandy Plains Rd, Marietta, GA 30066
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    • $795,000
      0.99 Acres

      Marietta Land For Sale

      Land in fast-growing Cobb County, Marietta district.
      3061 Sandy Plains Rd, Marietta, GA 30066
      View Details
    • Contact for pricing
      6.93 Acres

      Marietta Office Suites For Sale

      Renovated office suites in Marietta, suitable for various businesses.
      2621 Sandy Plains Rd, Marietta, GA 30066
      View Details
    • $1,048,500
      0.67 Acres

      Marietta Wooded Residential Lot

      Wooded residential lot in Northeast Marietta, ready to build.
      2201 Lessie Maude Dr, Marietta, GA 30066
      View Details
    • $850,000
      Pending

      Prime Land For Development

      Land suitable for shopping center, warehouse, industrial, or multi-units.
      1290 Bells Ferry Rd NW, Marietta, GA 30066
      View Details

    Similar Nearby for Lease

    • 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
      114,661 SF

      Piedmont Village Shopping Center

      Marietta Retail Center: 8 Suites Available
      2800 Canton Rd, Marietta, GA 30066
      View Details
    • Contact for pricing

      Retail Center Near Walmart

      Retail spaces available near I-575 and Walmart.
      2465-2505 Chastain Meadows Pkwy, 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
      View Details
    • Contact for pricing

      East Cobb Retail Space Available

      High-traffic shopping center in East Cobb with immediate availability.
      2745 Sandy Plains Rd, Marietta, GA 30066
      View Details
    • $12 SF/Yr
      16,110 SF

      High-Visibility Retail/Office Space Available

      Freestanding building with ample parking and excellent location.
      2568 Canton Rd, Marietta, GA 30066
      View Details
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    Marietta, GA 30066-3369
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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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