Office Warehouse Condo with
For Sale
$900,000
1690 Roberts Blvd, Kennesaw, GA 30144
Multi-level condo layout combines offices, training, conference, break, and warehouse areas.
Property Size6,406 SF
Price / SF$140.49
Days on Market26
Property Features for 1690 Roberts Blvd
General Information
Standard status
Active
Size
6,406 SF
Warehouse & Industrial
Warehouse Space
570 SF
Dock-High Doors
1
Drive-In Doors
1
Amenities
training room
break room
conference room
Building Details
Year Built
2004
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
James West · License #171007
Source:
Eternorealtygroup
Added: Aug 4
Changed: Aug 27
Last Checked: Aug 29 at 11:45AM
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 Virtual Properties Realty.com
Investment Insights
Based on property information with market context.
This 6,406-square-foot office warehouse condominium offers a multi-level configuration suited to administrative and operational functions. The main floor includes a reception area, training room, break room, open work areas, two restrooms, and a 570-square-foot warehouse component with both dock-high and drive-in loading access.
The mezzanine adds seven offices, a conference room, a break area, and two additional restrooms. Built in 2004, the property is located at 1690 Roberts Blvd in Kennesaw, Georgia.
The mezzanine adds seven offices, a conference room, a break area, and two additional restrooms. Built in 2004, the property is located at 1690 Roberts Blvd in Kennesaw, Georgia.
Key Highlights
- 6,406‑square‑foot office warehouse condominium
- 570‑square‑foot warehouse area with dock‑high and drive‑in doors
- Mezzanine level includes seven offices and a conference 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
$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 - Multi-level condo layout combines offices, training, conference, break, and warehouse areas.
Where is this flex space located?
The property is located at 1690 Roberts Blvd 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: 6,406‑square‑foot office warehouse condominium; 570‑square‑foot warehouse area with dock‑high and drive‑in doors; Mezzanine level includes seven offices and a conference room
