Corner Retail Service
For Sale
$520,000
2431 Kennesaw Due West Road NW, Kennesaw, GA 30152
Corner retail service building with existing dry-cleaning infrastructure, ample parking, and ingress/egress easement via the neighboring Shell.
Property Size1,911 SF
Days on Market64
Property Features for 2431 Kennesaw Due West Road NW
General Information
Standard status
Active
Size
1,911 SF
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$3,253
Building Details
Building Size
1,911 SF
Year Built
1974
Listing Agency:
Coldwell Banker Realty
(404) 449-6862
Listed By:
MARC CASTILLO · License #329379
Source:
Glennda
Added: Jun 22
Changed: Aug 23
Last Checked: Aug 23 at 3:11AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This corner retail service building was previously operated for many years as a dry-cleaning business, and much of the existing infrastructure remains in place. The property is offered “as is,” with ample parking to support customer access. The existing setup provides flexibility for a range of retail, service, or professional uses.
The site is positioned at a prominent intersection on Kennesaw Due West Road and Cobb Parkway, designed for visibility and convenient access. A permanent ingress and egress easement through the neighboring Shell station further enhances approachability for vehicles.
For business owners and investors, the combination of established commercial use history, corner positioning, and practical site access makes this a versatile property to evaluate for current operations or redevelopment plans.
The site is positioned at a prominent intersection on Kennesaw Due West Road and Cobb Parkway, designed for visibility and convenient access. A permanent ingress and egress easement through the neighboring Shell station further enhances approachability for vehicles.
For business owners and investors, the combination of established commercial use history, corner positioning, and practical site access makes this a versatile property to evaluate for current operations or redevelopment plans.
Key Highlights
- Commercial corner property on Kennesaw Due West Rd and Cobb Pkwy with prominent intersection visibility
- Previously operated as a dry‑cleaning business; much of the existing dry‑cleaning infrastructure remains in place
- Versatile building layout for potential retail, service, or professional uses
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
$26,879
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
5.17%
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%
$537,580
$537.6K
Cap Rate 7%
$383,986
$384.0K
Cap Rate 9%
$298,656
$298.7K
Market Conditions
NOI Build-Up for 1,911 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
$42.0K $21.96/SF
− Vacancy
−$3.6K −$1.87/SF
EGI
$38.4K $20.09/SF
− OpEx
−$11.5K −$6.03/SF
NOI
$26.9K $14.07/SF
Area
Cobb County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$537,580
Cap Rate 7%
$383,986
Cap Rate 9%
$298,656
Alternative Uses
Best Use
Retail
$384.0K
$336.0K – $448.0K
NOI $26,879 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.6K
$469.5K – $626.1K
NOI $37,563 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
109k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 30%
Apparel 14%
QuikTrip
Shops & Services
45,107 visits/mo
0.4 miles
Culver's
Dining
21,493 visits/mo
0.1 miles
Goodwill
Apparel
15,087 visits/mo
0.3 miles
Dunkin' Donuts
Dining
9,909 visits/mo
0.2 miles
Shell
Shops & Services
4,734 visits/mo
0.1 miles
Demographics for 30152, GA
44,340
Population
16,974
Households
2.6
Avg Household Size
40
Median Age
52%
College-Educated
95%
High-School Grad
22.3 sq mi
ZIP Area
1,988
Density / Sq Mi
$121,026
Median Household Income
$58,942
Median Earnings
$1,695
Median Rent
$385,300
Median Home Value
Market
Vacancy Rate% for Retail 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?
Storefront property - Corner retail service building with existing dry-cleaning infrastructure, ample parking, and ingress/egress easement via the neighboring Shell.
Where is this storefront property located?
The property is located at 2431 Kennesaw Due West Road NW Kennesaw, GA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Commercial corner property on Kennesaw Due West Rd and Cobb Pkwy with prominent intersection visibility; Previously operated as a dry‑cleaning business; much of the existing dry‑cleaning infrastructure remains in place; Versatile building layout for potential retail, service, or professional uses
