Auto Shop with Service
New
For Sale
$2,100,000
2734 Watts Drive NW, Kennesaw, GA 30144
Established commercial use with utility infrastructure near Downtown Kennesaw and the Central Business District.
Property Size4,500 SF
Lot Size0.52 Acres
Price / SF$466.67
Days on Market3
Property Features for 2734 Watts Drive NW
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.52 Acres
Property subtype
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Land Use
commercial
Service Bays
8
Amenities
vehicle lifts
existing utility infrastructure
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Entera Realty, LLC
(678) 270-7511
Listed By:
Lorraine Danielson
(678) 270-7511
Source:
Homesforsaleteam
Added: Aug 26
Changed: Aug 27
Last Checked: Aug 28 at 10:17AM
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 Entera Realty, LLC
Investment Insights
Based on property information with market context.
This auto shop comprises a 4,500-square-foot commercial building on a 22,499-square-foot parcel. The improvements include 8 service bays, 5 vehicle lifts, existing utility infrastructure, and an established commercial use. Built in 1984, the property provides an existing commercial framework for an owner-user or investor.
The site is positioned near Cobb Parkway and Main Street, with access to Downtown Kennesaw and the Central Business District. The property also offers visibility at an important downtown gateway. Any future redevelopment, adaptive reuse, or changes in permitted use remain subject to zoning, development standards, parking, setbacks, density, and governmental approvals.
The site is positioned near Cobb Parkway and Main Street, with access to Downtown Kennesaw and the Central Business District. The property also offers visibility at an important downtown gateway. Any future redevelopment, adaptive reuse, or changes in permitted use remain subject to zoning, development standards, parking, setbacks, density, and governmental approvals.
Key Highlights
- 4,500‑square‑foot commercial building on a 22,499‑square‑foot parcel
- 8 service bays and 5 vehicle lifts
- Existing utility infrastructure and established commercial use
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
$63,294
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
3.01%
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%
$1,265,880
$1.3M
Cap Rate 7%
$904,200
$904.2K
Cap Rate 9%
$703,267
$703.3K
Market Conditions
NOI Build-Up for 4,500 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
$98.8K $21.96/SF
− Vacancy
−$8.4K −$1.87/SF
EGI
$90.4K $20.09/SF
− OpEx
−$27.1K −$6.03/SF
NOI
$63.3K $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%
$1,265,880
Cap Rate 7%
$904,200
Cap Rate 9%
$703,267
Alternative Uses
Best Use
Retail
$904.2K
$791.2K – $1.05M
NOI $63,294 @ 7.0% cap · market cap 3.01%
Second Best
Industrial
$391.6K
$342.7K – $456.9K
NOI $27,413 @ 7.0% cap · market cap 1.31%
Theoretical Best
Office A
$1.26M
$1.11M – $1.47M
NOI $88,452 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Service bays
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
153k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Groceries 28%
Dining 12%
Home Improvements & Furnishings 1%
QuikTrip
Shops & Services
45,107 visits/mo
0.3 miles
Publix
Groceries
43,052 visits/mo
0.4 miles
Wells Fargo
Shops & Services
8,860 visits/mo
0.4 miles
Burger King
Dining
7,272 visits/mo
0.4 miles
Dollar General
Shops & Services
5,927 visits/mo
0.3 miles
Demographics for 30144, GA
53,984
Population
22,843
Households
2.4
Avg Household Size
34
Median Age
45%
College-Educated
94%
High-School Grad
22.1 sq mi
ZIP Area
2,443
Density / Sq Mi
$84,628
Median Household Income
$41,693
Median Earnings
$1,745
Median Rent
$310,400
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.
Similar Off Market Nearby
- Garrett Automotive Repair Shop — 2400 Cobb Pkwy NW, Kennesaw, GA 30152
- All-Pro Automotive — 2517 Cobb Pkwy NW, Kennesaw, GA 30152
- Kennesaw Emission Center — 2514 Summers St, Kennesaw, GA 30144
- Castrol Kennesaw Express Lube — 2510 US-41, Kennesaw, GA 30152
- Emisson Masters Auto Repair — 2514 Cobb Pkwy NW, Kennesaw, GA 30152
Frequently Asked Questions
What type of property is this?
Auto shop - Established commercial use with utility infrastructure near Downtown Kennesaw and the Central Business District.
Where is this auto shop located?
The property is located at 2734 Watts Drive NW Kennesaw, GA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 4,500‑square‑foot commercial building on a 22,499‑square‑foot parcel; 8 service bays and 5 vehicle lifts; Existing utility infrastructure and established commercial use
