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    Property profile & analytics

    2943 Canton Rd, Unit 2949 Marietta, GA 30066-3874

    • Outlet malls
    • 88,761 SF
    • 10.07 lot acres
    OFF-MARKET
    Last Sale
    Dec 05, 2022
    $10,450,000
    Value Estimations
    $11,325,000
    Show details
    Cap Rate Potential
    9.3%
    Outlet malls
    Location Intelligence
    Property ID
    US22-0859529
    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

    • Scooter's Coffee / Cafe & Coffee Shop
    • Taco Bell / Restaurant / Take-out & Catering

    Property Details for 2943 Canton Rd

    Year built
    1976
    Lot size
    10.07 lot acres
    Property size
    88,761 SF
    Zone code
    NS/WS
    Property type
    Outlet malls
    APN
    16051500040
    APU
    16051500040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $13,400,000
      ML approach
      $9,520,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,805,000
      Market price range: $9.56M - $32.8M

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.53
    Latitude
    34.0237
    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
    $90,414
    $884,124
    $2,114,676
    $2,998,800
    -
    $2,210,310
    $5,286,690
    $7,497,000

    Comparable in this City

    • Value Estimation
      $21,270,000
      201,700 SF

      2795 Chastain Mdws Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 201,700 SF
      2795 Chastain Mdws Pkwy, Marietta, GA 30066-3361
      View Details
    • Value Estimation
      $11,390,000
      105,216 SF

      3605 Sandy Plns Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 105,216 SF
      3605 Sandy Plns Rd, Marietta, GA 30066-3068
      View Details
    • Value Estimation
      $10,965,000
      58,650 SF

      2949 Canton Rd

      SHOPPING CENTER, STRIP CENTER • 58,650 SF
      2949 Canton Rd, Marietta, GA 30066-4916
      View Details
    • Value Estimation
      $5,380,000
      41,752 SF

      3372 Canton Rd

      SHOPPING CENTER, STRIP CENTER • 41,752 SF
      3372 Canton Rd, Marietta, GA 30066-3111
      View Details
    • Value Estimation
      $8,115,000
      27,200 SF

      2769 Chastain Mdws Pkwy

      SHOPPING CENTER, STRIP CENTER • 27,200 SF
      2769 Chastain Mdws Pkwy, Marietta, GA 30066-3369
      View Details
    • Value Estimation
      $3,280,000
      24,944 SF

      2543 Bells Fry Rd

      SHOPPING CENTER, STRIP CENTER • 24,944 SF
      2543 Bells Fry Rd, Marietta, GA 30066-5179
      View Details

    Similar Nearby for Sale

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      Cozy Coop

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      Prime Marietta Retail Investment

      Former bank, high traffic, redevelopment potential.
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      Established Auto Repair Shop Marietta

      Turnkey Auto Repair Business - High Traffic Area
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      7,200 SF

      Medical Office Building in Marietta

      Multi-tenant medical office building in Kennesaw/Town Center submarket.
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    • $48,500
      0.67 Acres

      Marietta Wooded Residential Lot

      Wooded residential lot in Northeast Marietta, ready to build.
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      Four-bedroom home in a well-maintained 55+ community with numerous amenities.
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    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

      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
      114,661 SF

      Piedmont Village Shopping Center

      Marietta Retail Center: 8 Suites Available
      2800 Canton Rd, 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
    • 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

    Property Visit Statistics

    • Visits by month
      13.7k
    • Visitors by month
      10.5k
    • Avg Time on site
      14 min
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    Marietta, GA 30066-3874
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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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