The Windsor Retail
For Sale
Contact for pricing
2655 Cobb Parkway Northwest, Kennesaw, GA 30152
C2-zoned retail space along Cobb Parkway with convenient access to I-75.
Property Size16,979 SF
Price / SF$256.04
Days on Market16
Property Features for 2655 Cobb Parkway Northwest
General Information
Standard status
Active
Size
16,979 SF
Property subtype
Retail, Special Purpose
Zoning
C2
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$282,574
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Tenancy
Multi
Listing Agency:
Skyline Seven Real Estate
(404) 812-8927
Listed By:
Elliott Kyle · License #GA 299687
Source:
Crexi
Added: Jul 27
Changed: Aug 8
Last Checked: Aug 11 at 10:51AM
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 Skyline Seven Real Estate
Investment Insights
Based on property information with market context.
The Windsor is a 16,979-square-foot retail property completed in 2007. Its C2 zoning supports its positioning as a commercial retail asset, with the property suited to retail and service-oriented business activity described for the surrounding corridor.
Located at 2655 Cobb Parkway Northwest, the property fronts Cobb Parkway, also identified as US-41, in Kennesaw. Interstate 75 provides regional connectivity, while nearby Kennesaw State University and surrounding residential and commercial development contribute to an established trade area. The corridor includes a concentration of retail and service businesses, placing the property within an active commercial setting.
Located at 2655 Cobb Parkway Northwest, the property fronts Cobb Parkway, also identified as US-41, in Kennesaw. Interstate 75 provides regional connectivity, while nearby Kennesaw State University and surrounding residential and commercial development contribute to an established trade area. The corridor includes a concentration of retail and service businesses, placing the property within an active commercial setting.
Key Highlights
- 16,979‑square‑foot retail property
- Built in 2007
- C2 zoning
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
$238,816
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
5.49%
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%
$4,776,320
$4.8M
Cap Rate 7%
$3,411,657
$3.4M
Cap Rate 9%
$2,653,511
$2.7M
Market Conditions
NOI Build-Up for 16,979 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
$372.9K $21.96/SF
− Vacancy
−$31.7K −$1.87/SF
EGI
$341.2K $20.09/SF
− OpEx
−$102.3K −$6.03/SF
NOI
$238.8K $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%
$4,776,320
Cap Rate 7%
$3,411,657
Cap Rate 9%
$2,653,511
Alternative Uses
Best Use
Retail
$3.41M
$2.99M – $3.98M
NOI $238,816 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.77M
$4.17M – $5.56M
NOI $333,739 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
198k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 22%
Dining 20%
Apparel 8%
QuikTrip
Shops & Services
45,107 visits/mo
0.2 miles
Publix
Groceries
43,052 visits/mo
0.5 miles
Culver's
Dining
21,493 visits/mo
0.4 miles
Goodwill
Apparel
15,087 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,909 visits/mo
0.4 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
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Frequently Asked Questions
What type of property is this?
Retail space - C2-zoned retail space along Cobb Parkway with convenient access to I-75.
Where is this retail space located?
The property is located at 2655 Cobb Parkway Northwest Kennesaw, GA.
What is the asking price?
The asking price for this property is $4,347,300.
What are key features of this property?
This property features: 16,979‑square‑foot retail property; Built in 2007; C2 zoning
