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    Property profile & analytics

    1723 Mccollum Pkwy Kennesaw, GA 30144

    • Specialty properties
    • 4,080 SF
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Elevation Chophouse & Skybar / Restaurant
    • Hawthorne Global Aviation Services / Airport
    • Performance Detail / Car Wash
    • Nook, Inc. / Consultant
    • Aerosmith Aviation / Vocational School / Training Center

    Property Details for 1723 Mccollum Pkwy

    Property size
    4,080 SF
    Property type
    Specialty properties
    Property subtype
    Airport retail

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kennesaw
    County
    Cobb
    State
    Georgia
    Longitude
    -84.6013
    Latitude
    34.0171

    Comparable in this City

    • Value Estimation
      $1,190,000
      2,380 SF

      265 Ldg NW Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,380 SF
      265 Ldg NW Rd, Kennesaw, GA 30144-7500
      View Details
    • Value Estimation by Request
      8,000 SF

      3238 Cherokee NW St

      CHARITABLE ORGANIZATION • 8,000 SF
      3238 Cherokee NW St, Kennesaw, GA 30144-2901
      View Details
    • Value Estimation by Request
      6,608 SF

      3114 Cherokee NW St

      CHARITABLE ORGANIZATION • 6,608 SF
      3114 Cherokee NW St, Kennesaw, GA 30144-6524
      View Details
    • Value Estimation by Request
      7,464 SF

      1360 Lockhart NW Dr

      VETERINARY, ANIMAL HOSPITAL • 7,464 SF
      1360 Lockhart NW Dr, Kennesaw, GA 30144-7047
      View Details
    • Value Estimation by Request
      1,548 SF

      Kennesaw, GA 30144

      CHARITABLE ORGANIZATION • 1,548 SF
      Kennesaw, GA 30144
      View Details
    • Value Estimation by Request
      0.09 Acres

      Kennesaw, GA 30144

      CHARITABLE ORGANIZATION • 0.09 Acres
      Kennesaw, GA 30144
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,080 SF

      Kennesaw Airport Hangar - Sold

      4,080 SF Airport Hangar in Georgia
      1723 Mccollum Pkwy, Kennesaw, GA 30144
      View Details
    • Contact for pricing

      Retail Endcap on Ernest Barrett

      High-visibility retail endcap with pylon signage and signalized access.
      835 Ernest Barrett Pkwy, Kennesaw, GA 30144
      View Details
    • $3,419,000
      11,200 SF

      Kennesaw, GA Retail Investment

      11,200 SF, 10-Year NNN Lease
      2573 Summers St, Kennesaw, GA 30144
      View Details
    • $2,000,000
      6,000 SF

      Kennesaw Warehouse: Prime Redevelopment

      6,000 SF Warehouse, High Visibility
      4147 Jiles Rd, Kennesaw, GA 30144
      View Details
    • $595,000
      798 SF

      Kennesaw Retail Property - High Growth Area

      Prime 1.54-acre corner lot, 798 sqft building.
      3905 Jiles Rd, Kennesaw, GA 30144
      View Details
    • $150,000
      1.84 Acres

      Kennesaw Commercial Land - $150K

      1.84-acre commercial lot, ideal retail development.
      4286 Bells Ferry Rd, Kennesaw, GA 30144
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Kennesaw, GA

      Retail space available in a busy Kennesaw shopping center.
      425 Ernest Barrett Pkwy, Kennesaw, GA 30144
      View Details
    • Contact for pricing

      Retail Space on Ernest Barrett

      Retail space available in Kennesaw with high traffic counts.
      667-735 Ernest Barrett Pkwy, Kennesaw, GA 30144
      View Details
    • Contact for pricing

      Retail Space on Barrett Parkway

      Retail opportunity with high traffic and convenient highway access.
      425 Ernest W Barrett Pkwy NW, Kennesaw, GA 30144
      View Details
    • Contact for pricing
      49,532 SF

      Wade Green Crossing Retail Center

      Kennesaw, GA Shopping Center - 49,532 SF
      4200 Wade Green Rd, Kennesaw, GA 30144
      View Details
    • Contact for pricing
      1,358 SF

      Retail Space in Kennesaw Center

      Retail space available in a well-established Kennesaw shopping center.
      840 Ernest W Barrett Pkwy Nw, Kennesaw, GA 30144
      View Details
    • Contact for pricing
      1,414 SF

      Retail Space Near Kennesaw State

      High-profile retail space near Kennesaw State University.
      745 Chastain Rd NW, Kennesaw, GA 30144
      View Details
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    1723 Mccollum Pkwy
    Kennesaw, GA 30144
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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