Historic Storefront
For Sale
Contact for pricing
2921 Moon Station Rd NW, Kennesaw, GA 30144
CBD-zoned building suitable for office or retail use at a downtown intersection.
Property Size2,032 SF
Price / SF$332.19
Days on Market143
Property Features for 2921 Moon Station Rd NW
General Information
Standard status
Active
Size
2,032 SF
Property subtype
Land, Mixed Use, Office, Retail
Zoning
CBD
Investment Type
Redevelopment
Additional Details
Corner Location
Yes
Building Details
Buildings
1
Listing Agency:
Oak Square Realty
(404) 518-0114
Listed By:
Kristina Bouterse · License #365229
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: May 8 at 7:40AM
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 Oak Square Realty
Investment Insights
Based on property information with market context.
This 2,032-square-foot storefront property occupies a downtown Kennesaw intersection and carries CBD zoning. The building includes historic architectural accents and a farmhouse-style interior character, with a layout identified for office or retail use.
The sale includes two parcels, identified as 20-0138-0-159-0 and 20-0138-0-160-0. The property is located at 2921 Moon Station Rd in Kennesaw, Georgia, within the downtown area.
The sale includes two parcels, identified as 20-0138-0-159-0 and 20-0138-0-160-0. The property is located at 2921 Moon Station Rd in Kennesaw, Georgia, within the downtown area.
Key Highlights
- 2,032‑square‑foot building at a downtown Kennesaw intersection
- CBD zoning supports the stated office or retail use
- Historic architectural accents with farmhouse‑style character
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
$28,581
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
4.23%
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%
$571,620
$571.6K
Cap Rate 7%
$408,300
$408.3K
Cap Rate 9%
$317,567
$317.6K
Market Conditions
NOI Build-Up for 2,032 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
$44.6K $21.96/SF
− Vacancy
−$3.8K −$1.87/SF
EGI
$40.8K $20.09/SF
− OpEx
−$12.2K −$6.03/SF
NOI
$28.6K $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%
$571,620
Cap Rate 7%
$408,300
Cap Rate 9%
$317,567
Alternative Uses
Best Use
Retail
$408.3K
$357.3K – $476.4K
NOI $28,581 @ 7.0% cap · market cap 4.23%
Second Best
Office B
$388.7K
$340.1K – $453.5K
NOI $27,211 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$570.6K
$499.3K – $665.7K
NOI $39,941 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,154
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - CBD-zoned building suitable for office or retail use at a downtown intersection.
Where is this storefront property located?
The property is located at 2921 Moon Station Rd NW Kennesaw, GA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,032‑square‑foot building at a downtown Kennesaw intersection; CBD zoning supports the stated office or retail use; Historic architectural accents with farmhouse‑style character
