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

    707 Franklin SE Gtwy Marietta, GA 30067-7887

    • Garden apartment buildings
    • 232,894 SF
    • 13.88 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2021
    $37,250,000
    Value Estimations
    $40,385,000
    Show details
    Cap Rate Potential
    7.2%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US22-1091306
    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

    • Garden apartment buildings

    Property Details for 707 Franklin SE Gtwy

    Year built
    1969
    Lot size
    13.88 lot acres
    Property size
    232,894 SF
    Zone code
    PRD MF
    Property type
    Garden apartment buildings
    APN
    17064600010
    APU
    17064600010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $43,695,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $52,145,000
      6.5%
      $48,135,000
      7%
      $44,695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $35,603,000
      Market price range: $22.6M - $54.1M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $35,670,000
      Current use
      MEDICAL BUILDING
      $56,250,000
      Change: +58% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $51,270,000
      Change: +44% Conversion: Difficult
      RETAIL STORES
      $51,225,000
      Change: +44% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $45,440,000
      Change: +27% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $40,460,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5022
    Latitude
    33.9352
    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
    $123,235
    $3,143,308
    $11,423,532
    $14,566,840
    -
    $7,858,270
    $28,558,830
    $36,417,100

    Comparable in this City

    • Value Estimation
      $9,010,000
      108,004 SF

      1295 Franklin SE Dr

      GARDEN APT, COURT APT (5+ UNITS) • 108,004 SF
      1295 Franklin SE Dr, Marietta, GA 30067-8788
      View Details
    • Value Estimation
      $26,330,000
      243,288 SF

      2575 Delk SE Rd

      GARDEN APT, COURT APT (5+ UNITS) • 243,288 SF
      2575 Delk SE Rd, Marietta, GA 30067-6584
      View Details
    • Value Estimation
      $28,330,000
      290,588 SF

      3500 Windcliff SE Dr

      GARDEN APT, COURT APT (5+ UNITS) • 290,588 SF
      3500 Windcliff SE Dr, Marietta, GA 30067-8300
      View Details
    • Value Estimation
      $44,240,000
      232,919 SF

      1035 Franklin SE Gtwy

      GARDEN APT, COURT APT (5+ UNITS) • 232,919 SF
      1035 Franklin SE Gtwy, Marietta, GA 30067-8105
      View Details
    • Value Estimation
      $17,475,000
      174,892 SF

      2703 Delk SE Rd

      GARDEN APT, COURT APT (5+ UNITS) • 174,892 SF
      2703 Delk SE Rd, Marietta, GA 30067-6203
      View Details
    • Value Estimation
      $11,605,000
      92,410 SF

      1113 Powers Fry SE Pl

      GARDEN APT, COURT APT (5+ UNITS) • 92,410 SF
      1113 Powers Fry SE Pl, Marietta, GA 30067-6416
      View Details

    Similar Nearby for Sale

    • $194,900

      Marietta Apartment with Community Amenities

      Two-bedroom apartment with pool, tennis court, and dog park.
      1819 Ashborough Cir SE, Marietta, GA 30067
      View Details
    • $200,000
      1,010 SF

      Charming Condo in East Cobb

      1-bedroom condo with sunroom, pool, and zen garden access.
      202 Smokerise Cir SE, Marietta, GA 30067
      View Details
    • $300,000
      1,361 SF

      Spacious Townhouse in Salem Woods

      Move-in ready townhouse with updated features and private backyard.
      595 Harcourt Pl SE, Marietta, GA 30067
      View Details
    • $200,000
      1,010 SF

      Charming Condo in East Cobb

      1-bedroom condo with sunroom, pool, and zen garden access.
      202 Smokerise Cir SE, Marietta, GA 30067
      View Details
    • $304,000
      1,584 SF

      Updated Townhouse Near Battery Stadium

      Renovated 3-bed, 2.5-bath townhouse in desirable Marietta location.
      2700 Twiggs Cir SE, Marietta, GA 30067
      View Details
    • $300,000

      Spacious Townhouse in Salem Woods

      Move-in ready townhouse with updated features and private patio.
      595 Harcourt Pl SE, Marietta, GA 30067
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo

      East Cobb Condo with Nature Views

      Spacious 2/2 condo near Chattahoochee River Park trails.
      2014 River Heights Walk SE, Marietta, GA 30067
      View Details
    • $15 SF/Yr
      19,880 SF

      Governor's Ridge Office Space

      Marietta, GA Office Suites Available
      1640 Powers Ferry Rd, Marietta, GA 30067
      View Details
    • Contact for pricing
      1,400 SF

      Marietta Retail Space: Powers Ferry Rd.

      High-traffic retail space available.
      1230 Powers Ferry Rd, Marietta, GA 30067
      View Details
    • Contact for pricing

      Medical Office Sublease Opportunity

      Newly renovated medical office suite with 5 exam rooms.
      2550 Windy Hill Rd SE, Marietta, GA 30067
      View Details
    • Contact for pricing
      60,264 SF

      Office/Warehouse Space Available

      60,264 SF office/warehouse space with secure parking and storage.
      1898 Leland Dr SE, Marietta, GA 30067
      View Details
    • Contact for pricing
      4,200 SF

      Marietta Warehouse Space Available

      4,200 SF warehouse space for lease in Marietta.
      1700 Enterprise Way, Marietta, GA 30067
      View Details
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    707 Franklin SE Gtwy
    Marietta, GA 30067-7887
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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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