Office Condo with Multiple
For Sale
$299,900
1275 Shiloh Road NW Unit 2321, Kennesaw, GA 30144
Office condo unit includes six large offices, reception area, full bath with shower, and kitchen break room.
Property Size2,003 SF
Price / SF$185.12
Days on Market51
Property Features for 1275 Shiloh Road NW Unit 2321
General Information
Standard status
Active
Size
2,003 SF
Property subtype
Other
Additional Details
Highway Access
Yes
Office Units
6
Amenities
0.037 acres, Business Park
Composition
Annual Amount: $2,451, Year: 2025
Central Air
Central
Cumulative Days on Market: 48, 48 days on market, On Market Date: 2026-07-17
Parking Total: 8, Parking Lot
Built in 2003, Brick, Office
County: Cobb
Resale
220 Volts, Cable Available, Electricity Available
Close Of Escrow
Water body: NONE
Building Details
Building Size
2,003 SF
Year Built
2003
Listing Agency:
Keller Williams Realty Cityside
(770) 874-6200
Listed By:
Kevin Jordan
(770) 874-6250
Source:
Blackstreaminternational
Added: Jul 17
Changed: Sep 4
Last Checked: Sep 5 at 7:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Cityside
Investment Insights
Based on property information with market context.
Introducing a 1,620 SF office condo unit in a business park, offered for sale as an owner-user opportunity. The space is configured with six large offices, well-lit rooms, a reception area, a full bath with shower, and a large kitchen break room.
The property provides plenty of parking and is described as offering convenient access to Kennesaw State University, I-75, Downtown Kennesaw, and Town Center Mall.
The current tenant is month to month and may remain or relocate, with immediate occupancy available.
The property provides plenty of parking and is described as offering convenient access to Kennesaw State University, I-75, Downtown Kennesaw, and Town Center Mall.
The current tenant is month to month and may remain or relocate, with immediate occupancy available.
Key Highlights
- Office condo unit in Wade Green Business Park built in 2003
- 1620 SF office condo with six large offices plus reception area
- Includes full bath with shower and a large kitchen break room
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
$21,694
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
7.23%
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%
$433,880
$433.9K
Cap Rate 7%
$309,914
$309.9K
Cap Rate 9%
$241,044
$241.0K
Market Conditions
NOI Build-Up for 1,620 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
$38.7K $23.87/SF
− Vacancy
−$9.7K −$6.02/SF
EGI
$28.9K $17.85/SF
− OpEx
−$7.2K −$4.46/SF
NOI
$21.7K $13.39/SF
Area
Cobb County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$433,880
Cap Rate 7%
$309,914
Cap Rate 9%
$241,044
Alternative Uses
Best Use
Office B
$309.9K
$271.2K – $361.6K
NOI $21,694 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.9K
$398.0K – $530.7K
NOI $31,843 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Office condo unit includes six large offices, reception area, full bath with shower, and kitchen break room.
Where is this office units located?
The property is located at 1275 Shiloh Road NW Unit 2321 Kennesaw, GA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Office condo unit in Wade Green Business Park built in 2003; 1620 SF office condo with six large offices plus reception area; Includes full bath with shower and a large kitchen break room
