Commercial Land with Existing
3531 Cherokee Street NW, Kennesaw, GA 30144
For Sale
$549,000
The OI-zoned parcel includes a building along Cherokee Street in Kennesaw.
Property Size2,300 SF
Price / SF$238.70
Days on Market556
Property Features for 3531 Cherokee Street NW
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Performance Real Estate Services
(404) 882-0651
Listed By:
David Shouse · License GA #447138
(404) 391-5445
Source:
Batten-taylor
Added: May 6, 2025
Changed: Nov 7
Last Checked: Nov 11 at 5:23PM
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 Performance Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land parcel includes a 2,300-square-foot structure built in 1956. The property is zoned OI, and the existing building may be remodeled or removed, according to the stated options for the site.
Located at 3531 Cherokee Street NW in Kennesaw, the parcel sits across from Ashton at East Park Apartments.
Located at 3531 Cherokee Street NW in Kennesaw, the parcel sits across from Ashton at East Park Apartments.
Key Highlights
- 2,300‑square‑foot existing structure
- Built in 1956
- OI zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,799
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,980
$616.0K
Cap Rate 7%
$439,986
$440.0K
Cap Rate 9%
$342,211
$342.2K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$54.9K $23.87/SF
− Vacancy
−$13.8K −$6.02/SF
EGI
$41.1K $17.85/SF
− OpEx
−$10.3K −$4.46/SF
NOI
$30.8K $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 Rate 5%
$615,980
Cap Rate 7%
$439,986
Cap Rate 9%
$342,211
Alternative Uses
Best Use
Office B
$440.0K
$385.0K – $513.3K
NOI $30,799 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$663.1K
$580.2K – $773.6K
NOI $46,416 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
796
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
$310,400
Median Home Value
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Market
Average Price Trend$/SF for Commercial land in Cobb County, GA
Properties on Market for Commercial land in Cobb County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - The OI-zoned parcel includes a building along Cherokee Street in Kennesaw.
Where is this commercial land located?
The property is located at 3531 Cherokee Street NW Kennesaw, GA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2,300‑square‑foot existing structure; Built in 1956; OI zoning
