Office Unit with Private
For Sale
Under Contract
$145,000
3440 Blue Springs Road NW ##103, Kennesaw, GA 30144
COMMERCIAL - Kennesaw, GA
Property Size992 SF
Price / SF$146.17
Days on Market140
Property Features for 3440 Blue Springs Road NW ##103
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active Under Contract
Size
992 SF
Building Details
Year built
2006
Listing Agency:
575 North Office · Berkshire Hathaway HomeServices
(770) 720-1400
Listed By:
Cassie Rasco · License #419277
(770) 633-1157
Added: Mar 25
Changed: Aug 4
Last Checked: Aug 11 at 5:06PM
MLS# 10717322
Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. 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 992-square-foot office unit is configured for practical day-to-day operations, with a reception and open workspace at the entry. The interior also includes individual private rooms or meeting areas, a private restroom, and a kitchenette. A small private porch extends the usable configuration and provides an additional area connected to the suite.
Built in 2006, the property is located at 3440 Blue Springs Road NW #103 in Kennesaw, Georgia, 30144. The layout supports professional office functions and offers both enclosed rooms and shared workspace within a single unit.
Built in 2006, the property is located at 3440 Blue Springs Road NW #103 in Kennesaw, Georgia, 30144. The layout supports professional office functions and offers both enclosed rooms and shared workspace within a single unit.
Key Highlights
- 992 SF office unit
- Reception and open workspace configuration
- Private individual rooms or meeting areas
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
$13,284
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
9.16%
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%
$265,680
$265.7K
Cap Rate 7%
$189,771
$189.8K
Cap Rate 9%
$147,600
$147.6K
Market Conditions
NOI Build-Up for 992 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
$23.7K $23.87/SF
− Vacancy
−$6.0K −$6.02/SF
EGI
$17.7K $17.85/SF
− OpEx
−$4.4K −$4.46/SF
NOI
$13.3K $13.39/SF
Area
Cobb County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$265,680
Cap Rate 7%
$189,771
Cap Rate 9%
$147,600
Alternative Uses
Best Use
Office B
$189.8K
$166.1K – $221.4K
NOI $13,284 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$278.6K
$243.7K – $325.0K
NOI $19,499 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
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?
Office units - Functional suite includes reception, private rooms, kitchenette, and restroom.
Where is this office units located?
The property is located at 3440 Blue Springs Road NW ##103 Kennesaw, GA.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 992 SF office unit; Reception and open workspace configuration; Private individual rooms or meeting areas
