Auto Shop with Service
New
For Sale
$2,100,000
2734 Watts Drive NW, Kennesaw, GA 30144
Commercial Sale, Kennesaw, GA
Property Size4,500 SF
Lot Size0.52 Acres
Price / SF$466.67
Days on Market2
Property Features for 2734 Watts Drive NW
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
20
Parking features
Parking Lot
Fencing
Fenced, Chain Link
Lot features
City Lot
Directions
From the Big Chicken in Marietta, travel north on Cobb Pkwy/US-41 approximately 6 miles toward Kennesaw. Turn right onto Watts Dr NW. Property will be located at 2734 Watts Dr NW.
Standard status
Active
APN
20013900750
Size
4,500 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
1984
Tax Annual Amount
2521
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall Unit(s), Electric
Water source
Public
Amenities
8 service bays
5 vehicle lifts
Building Details
Year built
1984
Flooring type
Concrete
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
Maximum One Realty Greater Atlanta
(770) 919-8825
Listed By:
Shawn M Delaney · License #285391
(770) 378-7994
Added: Aug 24
Last Checked: Aug 25 at 6:06PM
MLS# 10832124
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.
This Auto Shop property includes a 4,500-square-foot commercial building on a 0.516-acre site. The improvements contain 8 service bays and 5 vehicle lifts, with concrete flooring, aluminum siding, and a metal roof. Wall-unit electric cooling serves the building, and the property includes a fenced parking lot with chain-link fencing.
Located at 2734 Watts Drive NW in Kennesaw, the property sits near Cobb Parkway and Main Street, providing access to the Downtown Kennesaw area and Central Business District. Public water and public sewer serve the site, while cable service is available. The building was constructed in 1984 and has established commercial improvements suited to automotive operations.
Located at 2734 Watts Drive NW in Kennesaw, the property sits near Cobb Parkway and Main Street, providing access to the Downtown Kennesaw area and Central Business District. Public water and public sewer serve the site, while cable service is available. The building was constructed in 1984 and has established commercial improvements suited to automotive operations.
Key Highlights
- 4,500‑square‑foot commercial building on 0.516 acres
- 8 service bays and 5 vehicle lifts
- Fenced parking lot with chain‑link fencing
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
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Existing commercial building with service-bay configuration, vehicle lifts, fenced parking, and public water and sewer.
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 0.516 acres; 8 service bays and 5 vehicle lifts; Fenced parking lot with chain‑link fencing
