One-Story Office
For Sale
Contact for pricing
2015 Vaughn Rd, Kennesaw, GA 30144
Multi-tenant office property with flexible floor plan options and direct access to Barrett Parkway.
Property Size30,965 SF
Price / SF$358.47
Days on Market196
Property Features for 2015 Vaughn Rd
General Information
Standard status
Active
Size
30,965 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$774,125
Building Details
Year Built
2008
Year Renovated
2026
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Chicago Downtown
Listed By:
Frank Roti · License #IL 475.139806
Source:
Crexi
Added: Feb 19
Changed: Aug 30
Last Checked: Sep 2 at 2:31AM
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 Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
Building 500 at The Park at Barrett is a 76,142-square-foot, one-story office building with two current tenants and multiple floor plan configurations. The property is currently 58% occupied and includes approximately 241 parking spaces across approximately 8.22 acres. It is one of five buildings within the office park, while the other four buildings are reported as 100% leased.
Located at 2015 Vaughn Road in Kennesaw, the property sits directly off I-75 with immediate access to Barrett Parkway. Cobb County Airport–McCollum Field is within 1 mile, and the building’s interstate access connects it with the Atlanta metro area, the Southeast, and the eastern seaboard.
Located at 2015 Vaughn Road in Kennesaw, the property sits directly off I-75 with immediate access to Barrett Parkway. Cobb County Airport–McCollum Field is within 1 mile, and the building’s interstate access connects it with the Atlanta metro area, the Southeast, and the eastern seaboard.
Key Highlights
- 76,142‑square‑foot one‑story office building
- Current occupancy of 58% with two existing tenants
- Approximately 8.22 total acres and 241 parking spaces
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
$414,654
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
3.74%
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%
$8,293,080
$8.3M
Cap Rate 7%
$5,923,629
$5.9M
Cap Rate 9%
$4,607,267
$4.6M
Market Conditions
NOI Build-Up for 30,965 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
$739.1K $23.87/SF
− Vacancy
−$186.3K −$6.02/SF
EGI
$552.9K $17.85/SF
− OpEx
−$138.2K −$4.46/SF
NOI
$414.7K $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%
$8,293,080
Cap Rate 7%
$5,923,629
Cap Rate 9%
$4,607,267
Alternative Uses
Best Use
Office B
$5.92M
$5.18M – $6.91M
NOI $414,654 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.69M
$7.61M – $10.14M
NOI $608,648 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
702
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office property with flexible floor plan options and direct access to Barrett Parkway.
Where is this office building located?
The property is located at 2015 Vaughn Rd Kennesaw, GA.
What is the asking price?
The asking price for this property is $11,100,000.
What are key features of this property?
This property features: 76,142‑square‑foot one‑story office building; Current occupancy of 58% with two existing tenants; Approximately 8.22 total acres and 241 parking spaces
