Flex Space with Dock-High &
For Sale
$900,000
1690 Roberts Boulevard, Kennesaw, GA 30144
Commercial Sale, Kennesaw, GA
Property Size6,406 SF
Price / SF$140.49
Days on Market175
Property Features for 1690 Roberts Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Industrial Park
Directions
Located at the corner od Roberts Blvd and HWY 41
Standard status
Active
APN
20020700420
Size
6,406 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13151
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2004
Building materials
Block, Concrete, Synthetic Stucco
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
James West · License #171007
(770) 597-9877
Added: Feb 26
Changed: Aug 19
Last Checked: Aug 20 at 4:06PM
MLS# 10703837
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office warehouse condo provides a combined workspace and warehouse layout totaling approximately 6,406 square feet. The main floor includes a front reception area, a large training room, a large break room, open work spaces, two restrooms, and an additional front reception area. The warehouse area is approximately 570 square feet and features a dock-high and a drive-in door.
The mezzanine level includes seven offices, a conference room, a break area, and two restrooms, supporting both collaborative and private work needs. Construction materials include block, concrete, and synthetic stucco. Heating is provided by natural gas and electric systems, and cooling is electric. Parking is available via a parking lot.
Utilities and services include cable available, public water, and public sewer. The property was built in 2004.
The mezzanine level includes seven offices, a conference room, a break area, and two restrooms, supporting both collaborative and private work needs. Construction materials include block, concrete, and synthetic stucco. Heating is provided by natural gas and electric systems, and cooling is electric. Parking is available via a parking lot.
Utilities and services include cable available, public water, and public sewer. The property was built in 2004.
Key Highlights
- Approximately 6,406 SF office warehouse flex condo
- Main‑floor warehouse area approximately 570 SF with dock‑high and drive‑in door
- Mezzanine has seven offices plus conference room, break area, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,025
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$940,500
$940.5K
Cap Rate 7%
$671,786
$671.8K
Cap Rate 9%
$522,500
$522.5K
Market Conditions
NOI Build-Up for 6,406 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.7K $9.48/SF
− Vacancy
−$5.4K −$0.84/SF
EGI
$55.3K $8.64/SF
− OpEx
−$8.3K −$1.30/SF
NOI
$47.0K $7.34/SF
Area
Cobb County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$940,500
Cap Rate 7%
$671,786
Cap Rate 9%
$522,500
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,783 @ 7.0% cap · market cap 9.53%
Second Best
Warehouse
$671.8K
$587.8K – $783.8K
NOI $47,025 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,916 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30144, GA
53,984
Population
22,843
Households
2.4
Avg Household Size
34
Median Age
45%
College-Educated
94%
High-School Grad
22.1 sq mi
ZIP Area
2,443
Density / Sq Mi
$84,628
Median Household Income
$41,693
Median Earnings
$1,745
Median Rent
$310,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Office warehouse flex condo with a main-floor warehouse area, dock-high access, and a drive-in door plus mezzanine offices.
Where is this flex space located?
The property is located at 1690 Roberts Boulevard Kennesaw, GA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Approximately 6,406 SF office warehouse flex condo; Main‑floor warehouse area approximately 570 SF with dock‑high and drive‑in door; Mezzanine has seven offices plus conference room, break area, and two restrooms
