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    1881 Cobb NW Pkwy Kennesaw, GA 30152-4404
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    Property profile & analytics

    1881 Cobb NW Pkwy Kennesaw, GA 30152-4404

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    • Retail space
    • 14,706 SF
    • 1.42 lot acres
    For Lease
    $19 SF/Yr
    View Listing →
    Kennesaw Office Sublease Opportunity For Lease
    $19 SF/Yr
    14,706 SF

    Kennesaw Office Sublease Opportunity

    4,373 SF Kennesaw office sublease available through June 2029.

    1881 Cobb Pkwy NW, Kennesaw, GA 30152
    View Listing
    Property ID
    US22-0693104
    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
    $3,625,000
    Cap Rate Potential
    4%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Mattress Plus & Furniture / Furniture & Home Goods
    • T-Mobile / Electronics & Wireless Store / Mobile Phone Store
    • One Clear Choice Garage Doors Kennesaw / Building Supply / General Contractor

    Property Details for 1881 Cobb NW Pkwy

    Year built
    1997
    Lot size
    1.42 lot acres
    Property size
    14,706 SF
    Zone code
    GC
    Property type
    Retail space
    APN
    20020800030
    APU
    20020800030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $4,755,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,445,000
      6.5%
      $3,180,000
      7%
      $2,955,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,554,000
      Market price range: $1.77M - $4.97M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,205,000
      Current use
      WAREHOUSE, STORAGE
      $5,520,000
      Change: +72% Conversion: Difficult
      OFFICE BUILDING
      $4,455,000
      Change: +39% Conversion: Easy
      MEDICAL BUILDING
      $3,610,000
      Change: +13% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,145,000
      Change: -2% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,925,000
      Change: -9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,880,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennesaw
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5868
    Latitude
    33.9974
    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
    $37,386
    $318,400
    $921,600
    $1,240,000
    -
    $796,000
    $2,304,000
    $3,100,000

    Comparable in this City

    • Value Estimation
      $1,020,000
      8,000 SF

      2770 Cobb NW Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      2770 Cobb NW Pkwy, Kennesaw, GA 30152-3474
      View Details
    • Value Estimation
      $1,730,000
      10,164 SF

      1450 Ernest W Barrett NW Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 10,164 SF
      1450 Ernest W Barrett NW Pkwy, Kennesaw, GA 30152-5027
      View Details
    • Value Estimation
      $1,000,000
      7,664 SF

      2769 Cobb NW Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 7,664 SF
      2769 Cobb NW Pkwy, Kennesaw, GA 30152-3437
      View Details
    • Value Estimation
      $815,000
      6,300 SF

      2647 Cobb NW Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 6,300 SF
      2647 Cobb NW Pkwy, Kennesaw, GA 30152-3442
      View Details
    • Value Estimation by Request
      3,949 SF

      2600 Cobb NW Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 3,949 SF
      2600 Cobb NW Pkwy, Kennesaw, GA 30152-3467
      View Details
    • Value Estimation by Request
      2,960 SF

      2631 Dobbs NW Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,960 SF
      2631 Dobbs NW Dr, Kennesaw, GA 30152-3464
      View Details

    Similar Nearby for Sale

    • $65,000
      0.38 Acres

      Residential Lot in Kennesaw, GA

      Residential lot in established neighborhood, close to amenities and I-75.
      3649 Stonewall Dr NW, Kennesaw, GA 30152
      View Details
    • $2,149,900
      12.92 Acres

      Kennesaw Land for Luxury Development

      12.924 acres of land suitable for development or estate.
      4495 Due Rd W, Kennesaw, GA 30152
      View Details
    • $65,000
      0.37 Acres

      Residential Lot in Established Neighborhood

      Build your dream home on this Kennesaw residential lot.
      3236 Stonewall Dr NW, Kennesaw, GA 30152
      View Details
    • New
      $2,149,900
      12.92 Acres

      Kennesaw Land for Luxury Development

      12.924 acres suitable for luxury homes or equestrian estate.
      4495 Due Rd W, Kennesaw, GA 30152
      View Details
    • $164,900
      1.03 Acres

      Kennesaw Land: Build Your Dream

      1.02-acre lot near highways, shopping, and top-rated schools.
      3604 Memorial Pkwy NW, Kennesaw, GA 30152
      View Details
    • $579,000
      Pending

      Kennesaw Land with Development Potential

      4.3 acres in Kennesaw, ideal for estate or development.
      2957 Acworth Due Rd W, Kennesaw, GA 30152
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail/Flex Space Available

      Retail/flex space in the heart of Cobb County.
      2953 Cobb Pkwy NW, Kennesaw, GA 30152
      View Details
    • Contact for pricing

      Kennesaw Warehouse Space Available

      82,913 SF warehouse space for lease in Kennesaw, GA.
      1000 Union Ct, Kennesaw, GA 30152
      View Details
    • Contact for pricing

      Kennesaw Warehouse with HVAC

      82,913 SF warehouse space with full HVAC system.
      1000 Union Ct, Kennesaw, GA 30152
      View Details
    • Contact for pricing

      Office/Warehouse Building Near US-41

      Multi-tenant office/warehouse building near Cobb International and US-41.
      1000 Cobb International Dr, Kennesaw, GA 30152
      View Details
    • $1,700 /Mo
      1,260 SF

      Kennesaw Office Condo For Rent

      First-floor office condo with five offices, waiting room, and kitchenette.
      1350 Wooten Lake Rd, Kennesaw, GA 30152
      View Details
    • Contact for pricing
      6,858 SF

      Kennesaw Warehouse Space Available

      13,600 SF warehouse space with office in Kennesaw, GA.
      1150 Cobb International Pl NW, Kennesaw, GA 30152
      View Details

    Property Visit Statistics

    • Visits by month
      2.7k
    • Visitors by month
      2.3k
    • Avg Time on site
      37 min
    View Listing
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    Kennesaw, GA 30152-4404
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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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