Property profile

Medical Park Dr Marietta, GA 30008

OFF-MARKET
High-rise multifamily apartments
Property ID
US22-1570464
188,988 SF 15.3 ac lot Built 2006
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 2006
Total area 188,988 SF
Lot 15.3 ac (666,468 SF)
Zoning code OI
APN 19084600040
UPID US22-1570464

Cap rate & NOI

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

Location

Medical Park Dr Marietta, GA 30008
Marietta metro Census 31412 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$27.53M
Blend (final) Blend
$20.39M

Owner & transaction history

since 2022
3 recorded transactions
2022
$5.7M
2004
$1.5M
1969
Price N/A

Zoning & alternative use

OI · Marietta, GA
Zoning description

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 Industrial Development 708.28 (PDF) RRX…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Auto repair, garage $32.8M +13.4%

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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