This exceptional two-story, 9,712 square foot medical office building presents a rare leasing opportunity in the thriving Kennesaw/Town Center submarket of Northwest Atlanta. Ideally situated near Kennestone Hospital in a high-density area with strong demographics (average household income within 2 miles: $98,893; within 5 miles: $96,954), this property boasts recent improvements and new ownership. The building features two available suites, offering flexible space options ranging from 2,252 to a maximum contiguous 4,543 square feet. Currently, 4,543 square feet is vacant. Each suite benefits from ground-level access on both floors, providing convenient patient and staff entry. Ample parking is available with 40 spaces. Built in 1988, the building features a 26-foot ceiling height and is situated on a 0.7-acre lot (30,492 square feet), with a building floor area ratio (FAR) of 0.32. Property taxes are $2.59 per square foot. The zoning is OI. The property includes one building with two suites. Elevators are not available. Cross street access is available via Vann Street. This is a second-generation dental/medical space, perfectly suited for a variety of healthcare practices. The APN is 16-1016-0-002-4.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,139,672
6.5%
$1,975,082
7%
$1,834,005
Comparable approach
Method
Valuation
Relative Method
$1,629,496
Geo Method
$1,894,423
Alternative Use
Use
Valuation
Residential
$2,449,102
Hospitality
$2,243,364
Educational
$1,866,453
Medical
$1,930,643
Retail
$2,903,371
Location Insight
City
Marietta
County
Cobb
State
Georgia
Latitude
33.9725
Longitude
-84.5474
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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