Two-Level Short-Term Rental
For Sale
$475,000
2307 Veterans Memorial Highway SW, Austell, GA 30168
Renovated interior with a naturally lit basement and city pre-approval for commercial use.
Property Size2,268 SF
Price / SF$209.44
Days on Market269
Property Features for 2307 Veterans Memorial Highway SW
General Information
Standard status
Active
Size
2,268 SF
Total Parking Spaces
8
Property subtype
Commercial
Zoning
The property has been pre-approved by co
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$1,086
Building Details
Building Size
2,268 SF
Year Built
1958
Buildings
1
Listed By:
Debbie Conner Smith
(770) 464-0897
Source:
Connersmithrealty
Added: Jan 28
Changed: Oct 23
Last Checked: Oct 23 at 6:04PM
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 Debbie Conner Smith
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Investment Insights
Based on property information with market context.
This 2,268-square-foot property was renovated down to the studs and is arranged across two levels, including a basement with natural light. It is currently operating as an Airbnb, and the city has pre-approved the property for commercial use.
The upper and lower levels can be leased separately, offering flexibility in how the space is occupied. Built in 1958, the property is located on Veterans Memorial Highway SW in Austell, Georgia.
The upper and lower levels can be leased separately, offering flexibility in how the space is occupied. Built in 1958, the property is located on Veterans Memorial Highway SW in Austell, Georgia.
Key Highlights
- 2,268‑square‑foot property renovated down to the studs
- Currently operated as an Airbnb
- Two levels can be leased separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,468
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,360
$609.4K
Cap Rate 7%
$435,257
$435.3K
Cap Rate 9%
$338,533
$338.5K
Market Conditions
NOI Build-Up for 2,268 SF
Gross rent
$59.1K $26.04/SF
− Vacancy
−$3.7K −$1.61/SF
EGI
$55.4K $24.43/SF
− OpEx
−$24.9K −$10.99/SF
NOI
$30.5K $13.43/SF
Area
Cobb County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,360
Cap Rate 7%
$435,257
Cap Rate 9%
$338,533
Alternative Uses
Best Use
Apartment 5plus
$435.3K
$380.9K – $507.8K
NOI $30,468 @ 7.0% cap · market cap 6.41%
Second Best
Mixed Use
$427.7K
$374.2K – $499.0K
NOI $29,938 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$636.9K
$557.3K – $743.0K
NOI $44,580 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 30168, GA
26,544
Population
10,405
Households
2.6
Avg Household Size
33
Median Age
28%
College-Educated
86%
High-School Grad
12.4 sq mi
ZIP Area
2,141
Density / Sq Mi
$65,646
Median Household Income
$37,180
Median Earnings
$1,364
Median Rent
$229,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated interior with a naturally lit basement and city pre-approval for commercial use.
Where is this short term rental property located?
The property is located at 2307 Veterans Memorial Highway SW Austell, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,268‑square‑foot property renovated down to the studs; Currently operated as an Airbnb; Two levels can be leased separately
