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    Property profile & analytics

    57 Whitlock SW Ave Marietta, GA 30064-2343

    • Investment properties
    • 7,368 SF
    • 0.67 lot acres
    OFF-MARKET
    Last Sale
    May 14, 2020
    $1,345,100
    Value Estimations
    $1,405,000
    Show details
    Cap Rate Potential
    4.2%
    Investment properties
    Location Intelligence
    Property ID
    US22-1666932
    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

    • The Whitlock Inn / Wedding Service
    • Historic Anderson Mansion / Tour Operator

    Property Details for 57 Whitlock SW Ave

    Year built
    1900
    Lot size
    0.67 lot acres
    Property size
    7,368 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    16121900350
    APU
    16121900350

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,425,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,620,000
      6.5%
      $1,495,000
      7%
      $1,390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,839,000
      Market price range: $748k - $2.01M
      AI Estimate
      $1,847,000
      Market price range: $602k - $2.08M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,365,000
      Current use
      MEDICAL BUILDING
      $1,780,000
      Change: +30% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,620,000
      Change: +19% Conversion: Difficult
      RETAIL STORES
      $1,620,000
      Change: +19% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,280,000
      Change: -6% Conversion: Difficult
      OFFICE BUILDING
      $1,260,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5531
    Latitude
    33.9517
    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
    $6,252
    $267,728
    $471,240
    $738,968
    -
    $669,320
    $1,178,100
    $1,847,420

    Comparable in this City

    • Value Estimation by Request
      1,216 SF

      551 Powder Spgs St, Unit 561

      OFFICE/RESIDENTIAL (MIXED USE) • 1,216 SF
      551 Powder Spgs St, Marietta, GA 30064-3521
      View Details
    • Value Estimation
      $1,465,000
      3,606 SF

      2199 Sage Mtn SW Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 3,606 SF
      2199 Sage Mtn SW Ct, Marietta, GA 30064-2207
      View Details
    • Value Estimation by Request
      1,376 SF

      19 Trammell SW St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,376 SF
      19 Trammell SW St, Marietta, GA 30064-3249
      View Details
    • Value Estimation
      $1,450,000
      7,705 SF

      1266 Powder Spgs St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,705 SF
      1266 Powder Spgs St, Marietta, GA 30064-5278
      View Details
    • Value Estimation by Request
      1,232 SF

      2590 Powder Spgs SW Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,232 SF
      2590 Powder Spgs SW Rd, Marietta, GA 30064-4505
      View Details
    • Value Estimation
      $1,015,000
      4,212 SF

      645 Whitlock SW Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,212 SF
      645 Whitlock SW Ave, Marietta, GA 30064-3119
      View Details

    Similar Nearby for Sale

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      1,960 SF

      Historic Mixed-Use Complex Near Square

      Historic mixed-use property near Marietta Square with office and residential potential.
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      Rare opportunity to build near Marietta Square in desirable location.
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      Residential Lot in Marietta, GA

      1.7-acre residential lot in the Hillgrove High School district.
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      Commercial property with two buildings and established retail tenant.
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    Similar Nearby for Lease

    • Contact for pricing

      Marietta Retail Space For Rent

      17,500 SF retail building near Marietta Square.
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      View Details
    • Contact for pricing

      Renovated Retail/Office Space Available

      Newly renovated retail and office spaces in high-traffic Marietta location.
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    • Contact for pricing
      1,500 SF

      Retail Space Near Kennesaw Park

      Retail space anchored by Goodwill and Dollar Tree.
      763 Whitlock Ave SW, Marietta, GA 30064
      View Details
    • Contact for pricing
      2,009 SF

      Turnkey Restaurant Space with Patio

      2,009 SF restaurant with bar and dedicated patio.
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    • $5,000 /Mo
      2,632 SF

      Marietta Office Condo For Lease

      Two-story office condo available for lease in Marietta, Georgia.
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    • Contact for pricing

      Grocery Anchored Retail Center

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      View Details
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    57 Whitlock SW Ave
    Marietta, GA 30064-2343
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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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