New search
Property profile & analytics
OFF-MARKET
Estimated value
$18,770,000
Office buildings
889 Franklin SE Gtwy, Marietta, GA 30067-8056
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1108385
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
145,194 SF
Lot
13.46 ac (586,454 SF)
Zoning code
O&I
APN
17071700050
UPID
US22-1108385
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.64M
Blend (final)
Blend
$18.77M
Owner & transaction history
Alp Arc IV Gateway Oaks Operating C · 4 yrs held
Alp Arc IV Gateway Oaks Operating C
since 2021
Last sale
$18.7M
7 recorded transactions
Zoning & alternative use
O&I · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$28.3M
+16.8%
Auto repair, garage
$25.2M
+4.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$21,900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$24,260,000
Current use
COMMERCIAL (GENERAL)
$28,330,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$25,225,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$18.77M
Range $16.89M – $20.65M · ±10% · vs last sale $18.67M (Nov 15 2021)
Last sale anchor
$18.67M
Nov 15 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$129 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$47,714
Tax year 2024
Assessed value
$5,640,000
Assessed 2024
Previous assessed
$5,882,040
-4.1% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,641,744
Assessed improvement
$3,998,256
Land market value
$4,104,360
Improvement market value
$9,995,640
Total market value
$14,100,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
3
Total area
145,194 SF
Lot
13.46 ac (586,454 SF)
Zoning code
O&I
APN
17071700050
UPID
US22-1108385
Jurisdiction
COBB
Zoning & alternative use
O&I · Marietta, GA
Zoning O&I · permitted uses
O&I · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$24.3M
COMMERCIAL (GENERAL)
Est. value
$28.3M
AUTO REPAIR, GARAGE
Est. value
$25.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Buildings
3
Lot
13.46 ac
Current owner
From public records · entity-resolved
Alp Arc IV Gateway Oaks Operating C
Individual
Free & Clear · 4 yrs held
Mailing address
1600 MARKET ST STE #2600, PHILADELPHIA, PA 19103-7219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
—
Alp Arc IV Gateway Oaks Operating C
—
Deed
related
$700,000 · Alp Arc IV Gateway Oaks Property Company
Nov 15, 2021
—
Alp Arc IV Gateway Oaks Operating C
Alp Arc IV Gateway Oaks Property Co
Lease
—
Nov 15, 2021
$18,669,900
Alp Arc IV Gateway Oaks Property Co
Arepiii Ap Gateway Oaks LLC
Limited Warranty Deed
—
Jan 13, 2021
$18,250,000
Arepiii Ap Gateway Oaks LLC
Avistone Gateway Oaks H LLC
Grant Deed
—
Apr 10, 2019
—
Gateway Oaks 2 LLC
Avistone Gateway Oaks LLC
Quit Claim Deed
related
$8,500,000 · Wells Fargo Bk N #2018-h4 (ce)
Nov 7, 2018
$13,050,000
Avistone Gateway Oaks H LLC
Franklin Newco
Grant Deed
$8,500,000 · Starwood Mtg Cap
Oct 20, 2015
$7,333,400
Franklin Newco LLC
Lit Industrial LP
Grant Deed
$6,356,250 · Northern Tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 889 Franklin SE Gtwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
