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    1125 Ernest W Barrett NW Pkwy Kennesaw, GA 30144-4587
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    Property profile & analytics

    1125 Ernest W Barrett NW Pkwy, Kennesaw, GA 30144-4587

    View on Map
    • Strip malls
    • 7,574 SF
    • 1.04 lot acres
    Off-Market
    Last Sale Apr 4, 2023
    $15,600,000
    Property ID
    US22-1348810
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1125 Ernest W Barrett NW Pkwy

    Year built
    1997
    Lot size
    1.04 lot acres
    Zone code
    GC/WS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    20020800440
    APU
    20020800440

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 4, 2023 $15,600,000 Scc Barrett Corners Eat LLC Dgh 1125 LLC Limited Warranty Deed —
    Apr 4, 2023 — Scc Barrett Corners Eat LLC Dgh 1125 LLC Quit Claim Deed · related —
    Dec 27, 2021 — Dgh 1125 LLC Parcel Ix At Barrett Owners Assn In Quit Claim Deed · related —
    Jul 1, 2021 — Dgh 1125 LLC — Deed · related $7.7M · Reliant Bank
    Apr 26, 2019 $3,456,000 Dgh 1125 LLC Kjp Kennesaw LLC Grant Deed —
    Apr 26, 2019 — Dgh 1125 LLC Kjp Kennesaw LLC Quit Claim Deed · related —
    Jan 22, 2013 — Kjp Kennesaw LLC K Johnson Partners LP Quit Claim Deed · related —
    Jul 5, 2005 $3,300,000 K Johnson Partners Cnl Net Lease Funding 2003 LLC Grant Deed —
    Apr 5, 2004 — Garden Fresh Restaurant Corp — Deed Of Trust · related $26M · Fleet National Bank
    Mar 18, 2004 $2,638,100 Cnl Net Lease Funding 2003 LLC Garden Fresh Restaurant Corp Grant Deed · related $2.6M · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kennesaw
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5819
    Latitude
    34.0009
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $30,932
    $420,568
    $459,432
    $880,000
    -
    $1,051,420
    $1,148,580
    $2,200,000

    Comparable in this City

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      12,884 SF

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      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
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      3330 Cobb Pl NW Ln

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    • Value Estimation
      $11,800,000
      53,375 SF

      2615 George Busbee NW Pkwy

      SHOPPING CENTER, STRIP CENTER
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      142,398 SF

      3895 Cherokee NW St

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
      $4,685,000
      40,440 SF

      3940 Cherokee NW St

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
      $1,470,000
      33,775 SF

      2750 Jiles NW Rd

      SHOPPING CENTER, STRIP CENTER
      2750 Jiles NW Rd, Kennesaw, GA 30144-7327
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      510 SF

      Kennesaw Retail Space For Sale

      Drive-thru coffee shop in premier retail corridor, Kennesaw, GA.
      853 Ernest W Barrett Pkwy NW, Kennesaw, GA 30144
      View Details
    • Contact for pricing
      798 SF

      Commercial Corner Lot and Building

      1.54 acre commercial lot with building and open zoning.
      3905 Jiles Rd NW, Kennesaw, GA 30144
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    • Contact for pricing
      6,000 SF

      Kennesaw Retail and Industrial Space

      6,000 SqFt retail and industrial space for sale.
      4147 Jiles Rd, Kennesaw, GA 30144
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    • $650,000
      1.29 Acres

      Kennesaw Commercial Land - High Traffic

      Prime 1.3-Acre Commercial Lot
      3792 Cherokee St, Kennesaw, GA 30144
      View Details
    • $190,000

      Second-Floor Office Condo For Sale

      Well-maintained 1,250 SF office condo with functional layout.
      3745 Cherokee St NW, Kennesaw, GA 30144
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    Similar Nearby for Lease

    • 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
      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
    • 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 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

      Retail Space in Kennesaw Corridor

      Retail property in a high-traffic Kennesaw location.
      740 Ernest Barrett Pkwy, Kennesaw, GA 30144
      View Details
    • Contact for pricing

      Retail Space in Kennesaw, GA

      Retail space for lease in Kennesaw near KSU.
      3940 Cherokee St NW, Kennesaw, GA 30144
      View Details
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    Kennesaw, GA 30144-4587
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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.

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