Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Class A Office Space Available Title is generated by Realmo AI

    245 Townpark Drive, Kennesaw, GA 30144

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Six-story Class A office building in TownPark, Kennesaw, GA.

    Type:Office
    Property size:
    74,421 SF
    Added:
    Nov 22, 2025
    Days on Market:
    182
    Last Refresh:
    Apr 5 at 8:43 pm

    Property Features for 245 Townpark Drive

    General Information

    Standard status
    Active
    Size
    74,421 SF
    Property subtype
    Office

    Spaces For Lease

    at 245 Townpark Drive Contact us

    We can help!

    Listing Contact
    Eric Ross

    Listing agent Eric Ross

    Listing office

    Listing date Nov 22, 2025

    Source Cbre

    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 Eric Ross

    HighLights

    • Class A building with 133,000 sf of space
    • Unparalleled access to I‑75 and I‑575 via Chastain Road
    • Located in the heart of TownPark, a 243‑acre master‑planned office park
    • On‑site amenities include a conference center and fitness center
    • On‑site property management
    • Building courtyard area and walking path

    Overview

    Townpark Ravine One is a six-story Class A office building encompassing 133,000 square feet. It is situated within the 243-acre master-planned TownPark office park, located one mile north of Town Center at Cobb, a regional shopping mall. The building features a conference center, fitness center, on-site property management, a courtyard area, and a walking path. The location provides access via Chastain Road to interchanges at I-75 and I-575. A variety of dining options, ranging from fast food to full-service restaurants, are located adjacent to the park, as well as a general aviation facility for private and corporate aircraft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bally Technologies Inc Industrial Manufacturer Breckenridge Insurance Insurance Agency Hapag-Lloyd Freight Service Plusoptix Inc Production Facility Homeservices Lending Loan Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kennesaw
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5708
    Latitude
    34.0411

    Nearby Similar for Lease

    • $6,200/Mo
      4,400 SF

      Kennesaw Office Condo For Lease

      Two-story office condo near Kennesaw State University available for lease.
      1301 Shiloh Road NW, Kennesaw, GA 30144
      View Details
    • $1,700/Mo
      1,260 SF

      Kennesaw Office Condo For Rent

      First-floor office condo with five offices, waiting room, and kitchenette.
      1350 Wooten Lake Road, Kennesaw, GA 30152
      View Details
    • $2,800/Mo
      3,000-3,000 SF

      Kennesaw Office Building For Lease

      Two-story office building with basement storage, ideal for professional offices.
      1420 Lockhart Dr, Unit 200, Kennesaw, GA 30144
      View Details
    • $1,700/Mo
      1,134 SF

      Functional Office Suite Near I-75

      Move-in ready office suite near I-75 and KSU.
      1301 Shiloh Road NW, Kennesaw, GA 30144
      View Details
    • $1,700/Mo

      Functional Office Suite Near KSU

      Move-in ready office suite near I-75, I-575, and KSU.
      1301 Shiloh Road NW, Kennesaw, GA 30144
      View Details
    • Sponsored
      $129-$3,736/Mo
      11-1,292 SF

      TownPark Center

      125 Townpark Dr, Unit 300, Kennesaw, GA 30144
      View Details
    • $6,200/Mo

      Kennesaw Office Condo For Lease

      Two-story office condo near Kennesaw State University.
      1301 Shiloh Road NW, Kennesaw, GA 30144
      View Details
    • $18 SF/Yr
      4,900 SF

      Retail Space in Kennesaw

      Retail spaces available for lease in Kennesaw, Georgia.
      4255 Wade Green Road, Kennesaw, GA 30144
      View Details
    • $18 SF/Yr
      4,900 SF

      Retail Space in Kennesaw

      Retail spaces available for lease in Kennesaw, Georgia.
      4255 Wade Green Road, Kennesaw, GA 30144
      View Details
    • $32 SF/Yr

      COMMERCIAL - Kennesaw, GA

      Two-story office condo near Kennesaw State University with handicap accessibility.
      1301 Shiloh Rd NW, Unit 1210, Kennesaw, GA 30144
      View Details
    • $18 SF/Yr

      COMMERCIAL - Kennesaw, GA

      Office suite near I-75, I-575, and KSU available for lease.
      1301 Shiloh Rd NW, Unit 1231, Kennesaw, GA 30144
      View Details
    • $12 SF/Yr
      38,446 SF

      Office/Warehouse Sublease Opportunity

      Office/warehouse space available for sublease through April 2027.
      980 Cobb Place Blvd NW, Kennesaw, GA 30144
      View Details

    FAQs

    What type of property is this?
    Office building - Six-story Class A office building in TownPark, Kennesaw, GA.
    Where is this office building located?
    The property is located at 245 Townpark Drive Kennesaw, GA.
    What are key features of this property?
    This property features: Class A building with 133,000 sf of space; Unparalleled access to I‑75 and I‑575 via Chastain Road; Located in the heart of TownPark, a 243‑acre master‑planned office park
    (404) 504-7900
    We can help!
    Listing Contact
    Eric Ross
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    245 Townpark Drive, Kennesaw, GA, 30144
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!