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

    2949 Canton Rd Marietta, GA 30066-4916

    • Strip malls
    • 58,650 SF
    • 7.30 lot acres
    OFF-MARKET
    Last Sale
    Dec 05, 2022
    $10,450,000
    Value Estimations
    $13,675,000
    Show details
    Cap Rate Potential
    7%
    Strip malls
    Location Intelligence
    Property ID
    US22-1200536
    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

    • Whipkey's Music Inc / Musical Instrument Store
    • Free-Flite Bicycles / Sporting Goods Store / Bicycle Shop
    • America's Thrift Stores & Donation Center / Second Hand Store / Used Clothing Store
    • Amazon Locker - Telegraph / Mailing Service / E-Commerce Service
    • Advanced Glass Service / Bathroom Remodeler / Contractor

    Property Details for 2949 Canton Rd

    Year built
    1976
    Lot size
    7.30 lot acres
    Property size
    58,650 SF
    Zone code
    NS/GC/WS
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    16049400050
    APU
    16049400050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $13,400,000
      ML approach
      $10,135,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $15,710,000
      6.5%
      $14,500,000
      7%
      $13,465,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $12,910,000
      Current use
      WAREHOUSE, STORAGE
      $22,010,000
      Change: +70% Conversion: Difficult
      MEDICAL BUILDING
      $14,165,000
      Change: +10% Conversion: Difficult
      RETAIL STORES
      $12,900,000
      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
    -84.5305
    Latitude
    34.0249
    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
    $47,116
    $648,684
    $914,036
    $1,562,720
    -
    $1,621,710
    $2,285,090
    $3,906,800

    Comparable in this City

    • Value Estimation
      $575,000
      9,840 SF

      3460 Sandy Plns Rd

      SHOPPING CENTER, STRIP CENTER • 9,840 SF
      3460 Sandy Plns Rd, Marietta, GA 30066-4701
      View Details
    • Value Estimation
      $2,095,000
      9,089 SF

      1809 Canton Rd

      SHOPPING CENTER, STRIP CENTER • 9,089 SF
      1809 Canton Rd, Marietta, GA 30066-6343
      View Details
    • Value Estimation
      $320,000
      6,220 SF

      1033 Sandy Plns Rd

      SHOPPING CENTER, STRIP CENTER • 6,220 SF
      1033 Sandy Plns Rd, Marietta, GA 30066-6584
      View Details
    • Value Estimation
      $1,265,000
      65,870 SF

      2745 Sandy Plns Rd

      SHOPPING CENTER, STRIP CENTER • 65,870 SF
      2745 Sandy Plns Rd, Marietta, GA 30066-4386
      View Details
    • Value Estimation
      $580,000
      15,635 SF

      2635 Sandy Plns Rd

      SHOPPING CENTER, STRIP CENTER • 15,635 SF
      2635 Sandy Plns Rd, Marietta, GA 30066-4200
      View Details
    • Value Estimation
      $1,315,000
      53,156 SF

      700 Sandy Plns Rd

      SHOPPING CENTER, STRIP CENTER • 53,156 SF
      700 Sandy Plns Rd, Marietta, GA 30066-6370
      View Details

    Similar Nearby for Sale

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      Cozy Coop

      Restaurants • 3,195 SF
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      Prime Marietta Retail Investment

      Former bank, high traffic, redevelopment potential.
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      Prime 1-acre commercial lot, ready to build.
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      Marietta Commercial Property on Sandy Plains

      Commercial property in a prime location with high visibility.
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    • $500,000
      1 SF

      Marietta Acreage Near Racetrac Store

      Assemblage near Racetrac with high traffic and visibility.
      4500 Canton Rd, Marietta, GA 30066
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    • $2,600,000
      11,868 SF

      Marietta Warehouse/Distribution Property For Sale

      11,868 SF building in Marietta, GA, built in 1999.
      1147 Jvl Ct, Marietta, GA 30066
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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
      114,661 SF

      Piedmont Village Shopping Center

      Marietta Retail Center: 8 Suites Available
      2800 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
      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

      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
      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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    Marietta, GA 30066-4916
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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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