Commercial Land With Brick
New
For Sale
$550,000
3551 Cherokee St NW, Kennesaw, GA 30144
NS-zoned commercial land with an existing brick structure, driveway, and covered parking.
Property Size3,228 SF
Price / SF$170.38
Days on Market2
Property Features for 3551 Cherokee St NW
General Information
Standard status
Active
Size
3,228 SF
Building Details
Year Built
1957
Listing Agency:
Virtual Properties Realty.Net, LLC.
Listed By:
Jenifer Matallana · License #318212
(678) 451-8902
Source:
Livefreeatlanta
Added: Sep 10
Last Checked: Sep 10 at 2:45PM
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 Virtual Properties Realty.Net, LLC.
Investment Insights
Based on property information with market context.
This 0.65-acre commercial land parcel includes a 3,228-square-foot, four-sided brick structure built in 1957. Existing improvements also include a driveway and covered parking, providing an established physical base for future planning or occupancy.
The property is located at 3551 Cherokee St NW in Kennesaw, Georgia, and carries NS zoning. The stated zoning may accommodate neighborhood-serving commercial uses, including retail, office, and restaurant applications. Its combination of land area, an existing building, and on-site access creates a flexible commercial property profile.
The property is located at 3551 Cherokee St NW in Kennesaw, Georgia, and carries NS zoning. The stated zoning may accommodate neighborhood-serving commercial uses, including retail, office, and restaurant applications. Its combination of land area, an existing building, and on-site access creates a flexible commercial property profile.
Key Highlights
- 0.65‑acre commercial land parcel
- 3,228‑square‑foot brick structure
- Four‑sided brick building constructed in 1957
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
$45,403
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
8.26%
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%
$908,060
$908.1K
Cap Rate 7%
$648,614
$648.6K
Cap Rate 9%
$504,478
$504.5K
Market Conditions
NOI Build-Up for 3,228 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
$70.9K $21.96/SF
− Vacancy
−$6.0K −$1.87/SF
EGI
$64.9K $20.09/SF
− OpEx
−$19.5K −$6.03/SF
NOI
$45.4K $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%
$908,060
Cap Rate 7%
$648,614
Cap Rate 9%
$504,478
Alternative Uses
Best Use
Retail
$648.6K
$567.5K – $756.7K
NOI $45,403 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$906.4K
$793.1K – $1.06M
NOI $63,450 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 20%
Citgo
Shops & Services
6,335 visits/mo
0.2 miles
Shell
Shops & Services
5,276 visits/mo
0.3 miles
76
Shops & Services
3,553 visits/mo
0.3 miles
Pizza Hut
Dining
1,969 visits/mo
0.3 miles
Domino's Pizza
Dining
1,750 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - NS-zoned commercial land with an existing brick structure, driveway, and covered parking.
Where is this commercial land located?
The property is located at 3551 Cherokee St NW Kennesaw, GA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 0.65‑acre commercial land parcel; 3,228‑square‑foot brick structure; Four‑sided brick building constructed in 1957
