Two-Level Short-Term
For Sale
$475,000
2307 Veterans Memorial Highway SW, Austell, GA 30168
Commercial Sale, Austell, GA
Property Size2,268 SF
Lot Size1.60 Acres
Price / SF$209.44
Days on Market262
Property Features for 2307 Veterans Memorial Highway SW
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
8
Fencing
Privacy
Lot features
City Lot
Directions
Use GPS
Standard status
Active
APN
18002800020
Size
2,268 SF
Lot size
1.60 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
1086
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
1958
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Southern Classic Realtors
(678) 635-8877
Listed By:
Jennifer Shelton · License #414321
(678) 283-1447
Added: Jan 24
Changed: Oct 8
Last Checked: Oct 13 at 7:06PM
MLS# 10680477
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.
Set on 1.6 acres, this 2,268-square-foot brick property was built in 1958 and has undergone a recent renovation extending to the interior framing. The upper floor and lower level offer separate leasing possibilities, while natural light reaches the basement. Central air and heat-pump heating serve the building.
The property is currently operated as a short-term rental and has city pre-approval for commercial use. Public water and sewer are available, and cable service is available at the site.
The property is currently operated as a short-term rental and has city pre-approval for commercial use. Public water and sewer are available, and cable service is available at the site.
Key Highlights
- 2,268‑square‑foot brick property on 1.6 acres
- Upper and lower floors can be leased separately
- Recent renovation extended to the interior framing
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
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - The city has pre-approved the property for commercial use, and its upper and lower floors can function independently.
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 brick property on 1.6 acres; Upper and lower floors can be leased separately; Recent renovation extended to the interior framing
