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

    631 Marietta SE Pkwy Marietta, GA 30060-2748

    • Showrooms
    • 27,244 SF
    • 2.08 lot acres
    OFF-MARKET
    Last Sale
    Apr 29, 2021
    $3,200,400
    Value Estimations
    $3,035,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1156841
    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

    • Grainger Industrial Supply / (Bike/Boat/Book/etc) Store / Building Supply

    Property Details for 631 Marietta SE Pkwy

    Year built
    2006
    Lot size
    2.08 lot acres
    Property size
    27,244 SF
    Zone code
    CRC
    Property type
    Showrooms
    APN
    17036100380
    APU
    17036100380

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,705,000
      ML approach
      $3,240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,820,000
      Market price range: $2.82M - $5.91M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,255,000
      Current use
      OFFICE BUILDING
      $4,285,000
      Change: +1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $4,170,000
      Change: -2% Conversion: Moderate
      RETAIL STORES
      $3,975,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5313
    Latitude
    33.944
    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
    $6,700
    $373,592
    $418,408
    $792,000
    -
    $933,980
    $1,046,020
    $1,980,000

    Comparable in this City

    • Value Estimation by Request
      1,376 SF

      177 Ss SE Ave

      SHOW ROOM, WAREHOUSE • 1,376 SF
      177 Ss SE Ave, Marietta, GA 30060-2378
      View Details
    • Value Estimation
      $500,000
      4,852 SF

      24 Alexander SE St

      SHOW ROOM, WAREHOUSE • 4,852 SF
      24 Alexander SE St, Marietta, GA 30060-2032
      View Details
    • Value Estimation
      $550,000
      9,500 SF

      317 Marble Ml NW Rd

      SHOW ROOM, WAREHOUSE • 9,500 SF
      317 Marble Ml NW Rd, Marietta, GA 30060-1037
      View Details
    • Value Estimation
      $1,020,000
      9,800 SF

      427 Marble Ml NW Rd

      SHOW ROOM, WAREHOUSE • 9,800 SF
      427 Marble Ml NW Rd, Marietta, GA 30060-7961
      View Details
    • Value Estimation by Request
      5,000 SF

      2072 Airport SE Ct

      SHOW ROOM, WAREHOUSE • 5,000 SF
      2072 Airport SE Ct, Marietta, GA 30060-9261
      View Details
    • Value Estimation
      $1,155,000
      11,400 SF

      2017 Airport Ind Park SE Dr

      SHOW ROOM, WAREHOUSE • 11,400 SF
      2017 Airport Ind Park SE Dr, Marietta, GA 30060-9273
      View Details

    Similar Nearby for Sale

    • $394,900
      Pending

      Renovated Office/Retail Space in Marietta

      Well-maintained, renovated office/retail space with multiple business opportunities.
      405 Pat Mell Rd SW, Marietta, GA 30060
      View Details
    • $394,900
      Pending

      Renovated Retail Space in Marietta

      Well-maintained retail space with office rooms and potential uses.
      405 Pat Mell Rd, Marietta, GA 30060
      View Details
    • $2,750,000
      1.52 Acres

      Marietta Commercial Property with Development Potential

      1.5 acres near Marietta Square with versatile commercial buildings.
      380 Roswell St SE, Marietta, GA 30060
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    • $1,200,000
      0.61 Acres

      Marietta Commercial Land Parcel

      0.61-acre commercial lot, prime location.
      565 Cobb Pkwy, Marietta, GA 30060
      View Details
    • Contact for pricing
      49,089 SF

      Retail Property on Pat Mell

      Retail property available for sale on Pat Mell Road.
      371 Pat Mell Rd, Marietta, GA 30060
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    • $2,325,000
      Pending

      Marietta Industrial Property with Upside

      13,330 SF industrial property in Marietta with income potential.
      1875 Airport Industrial Park Dr SE, Marietta, GA 30060
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      48,800 SF

      Marietta Retail Center Opportunity

      48,800 SF Retail/Office Space, Marietta, GA
      562 Wylie Rd, Marietta, GA 30060
      View Details
    • $7 SF/Yr
      24,131 SF

      Industrial Property with Outside Storage

      Industrial property with HI zoning and outside storage potential.
      Marietta, GA 30060
      View Details
    • $2,400 /Mo
      19,166 SF

      Marietta Office Space For Rent

      Flexible office space near Marietta Square, Courthouse, and Wellstar Kennestone.
      305 Lawrence St, Marietta, GA 30060
      View Details
    • Contact for pricing
      7,355 SF

      Kennestone East Office Suites

      Marietta Medical & Executive Offices
      709 Canton Rd, Marietta, GA 30060
      View Details
    • $4,900 /Mo

      Renovated Commercial Property with Warehouse

      Dual-purpose property with office and warehouse space for rent.
      99 Merritt St Se, Marietta, GA 30060
      View Details
    • $30 SF/Yr
      6,234 SF

      Vann Street Medical Office Space

      Prime Medical Office, 6,234 SF Available
      121 Vann St, Marietta, GA 30060
      View Details

    Property Visit Statistics

    • Visits by month
      26.5k
    • Visitors by month
      16.3k
    • Avg Time on site
      23 min
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    Marietta, GA 30060-2748
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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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