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3602 Ernest W Barrett SW Pkwy Marietta, GA 30064-2732

OFF-MARKET Investment properties Google Maps
2,469 SF 4.37 ac lot Built 1940
Trust Owned 21-yr Hold Absentee Owner
Estimated value (blended)
$465k
Range $419k – $512k (±10%)
Property ID US22-1478565

Property summary

AI-generated overview

This exceptional 4.36-acre commercial land parcel in Marietta, Georgia, presents a prime investment opportunity. Located at 3602 Ernest W Barrett Pkwy SW, in Cobb County (zip code 30064), this property boasts 520 feet of frontage on a major thoroughfare with over 30,000 daily vehicles. The LRO (Low Rise Office) zoning allows for diverse commercial uses, including banks, medical offices, and educational facilities. Its strategic location near a Target, Publix, Home Depot, Lowe's, and Starbucks, ensures high visibility and accessibility. A favorable geotechnical soils study and Phase 1 environmental report are available. Utilities include electric, gas, and water, with sewer access on an adjacent parcel. While a tear-down single-family home is present, the largely level topography and substantial usable acreage make this an ideal site for new construction. The property's proximity to a heavily trafficked intersection and its designation as a Neighborhood Activity Center on Cobb County's Future Land Use map further enhance its development potential. The asking price is $2,400,000. Consider the potential for rezoning given the surrounding commercial development. This is a rare opportunity to acquire a well-located, commercially zoned parcel in a thriving area with a high average household income exceeding $128,000 and a population of over 42,000 within a 3-mile radius. A video showcasing the property is available online.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Total area 2,469 SF
Lot 4.37 ac (190,190 SF)
Zoning code LRO
APN 19002700070
UPID US22-1478565

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
$500k
Comparable Approach Comparable
$674k
Blend (final) Blend
$465k

Owner & transaction history

since 2005
3 recorded transactions
2016
Price N/A
2005
Price N/A
1969
Price N/A

Zoning & alternative use

LRO · Marietta, GA
Zoning description

LRO Low-Rise Office 708.22 (PDF) OI Office Institutional 708.23 (PDF) OS Office Services 708.24 (PDF) OHR Office High-Rise 708.25 (PDF) LI Light Industrial 708.26 (PDF) HI Heavy Industrial 708.27 (PDF) PID Planned Indust…

General category COMMERCIAL
Top alternative use upside
Warehouse, storage $925,000 +102.6%
Medical building $595,000 +30.4%
Neighborhood: shopping center $545,000 +18.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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