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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1881 Cobb Pkwy NW Kennesaw, GA 30152

    • Retail space
    • 14,706 SF
    • 1.42 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Last Sale
    Mar 02, 2022
    $3,350,000
    Value Estimations
    $3,625,000
    Cap Rate Potential
    4%
    Retail space
    Location Intelligence
    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.

    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 Pkwy NW

    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 valuation — 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 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
    • Value Estimation
      $1,085,000
      7,028 SF

      6120 Pne Mtn NW Ct

      RETAIL STORES (PERSONAL SERVICES) • 7,028 SF
      6120 Pne Mtn NW Ct, Kennesaw, GA 30152-6056
      View Details
    • Value Estimation
      $780,000
      1,348 SF

      1628 Cobb NW Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 1,348 SF
      1628 Cobb NW Pkwy, Kennesaw, GA 30152
      View Details
    • Value Estimation
      $3,030,000
      27,740 SF

      2390 Cobb NW Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 27,740 SF
      2390 Cobb NW Pkwy, Kennesaw, GA 30152-3675
      View Details
    • Value Estimation
      $1,095,000
      6,448 SF

      2202 Cobb NW Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 6,448 SF
      2202 Cobb NW Pkwy, Kennesaw, GA 30152-3630
      View Details
    • Value Estimation
      $525,000
      3,243 SF

      3061 Jim Owens NW Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,243 SF
      3061 Jim Owens NW Rd, Kennesaw, GA 30152-2507
      View Details

    Similar Nearby for Sale

    • $1,300,000
      2,826 SF

      Clock Tower Carwash: Kennesaw, GA

      Profitable Car Wash Business - High ROI Potential
      3182 Cobb Pkwy, Kennesaw, GA 30152
      View Details
    • $400,000
      2.93 Acres

      Kennesaw Homesite with Redevelopment Potential

      Approximately 3-acre homesite in Kennesaw near Hwy 41.
      5030 Pine Mountain Rd NW, Kennesaw, GA 30152
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    • $325,000
      0.98 Acres

      Kennesaw Wooded Lot Opportunity

      Gorgeous wooded lot in Kennesaw's gated community, build your dream home.
      Old Stilesboro Rd, Kennesaw, GA 30152
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    • $139,900
      0.40 Acres

      Vacant Lot in Kennesaw, GA

      Vacant lot in top Cobb County school zone.
      W Pointe Dr, Kennesaw, GA 30152
      View Details
    • New
      $1,279,000
      1.00 Acre

      Prime Commercial Land on Cobb

      Approximately 1 acre of commercial land for sale.
      3030 Jim Owens Rd NW, Kennesaw, GA 30152
      View Details
    • $330,000
      1,702 SF

      Updated Townhouse in Kennesaw Community

      Move-in ready, updated 3-bedroom townhouse with community amenities.
      2031 Lakeshore Overlook Dr NW, Kennesaw, GA 30152
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,413 SF

      Acworth Retail Space For Lease

      Prime Cobb Parkway location, 6,413 SF.
      3285 Cobb Pkwy, Kennesaw, GA 30152
      View Details
    • Contact for pricing
      9,050 SF

      Kennesaw Retail Space For Lease

      Prime Cobb County retail land, multiple tenants.
      3103 Cobb Pkwy, Kennesaw, GA 30152
      View Details
    • $60,000
      600 SF

      Cobb Parkway Retail Opportunity

      Prime Kennesaw location, high visibility.
      3057 Cobb Pkwy, Kennesaw, GA 30152
      View Details
    • $20 SF/Yr
      24,160 SF

      Mack Dobbs Pointe Retail Center

      Kennesaw, GA retail space available
      2953 Cobb Pkwy, Kennesaw, GA 30152
      View Details
    • $13 SF/Yr
      26,000 SF

      Industrial Space Near Cobb Parkway

      Industrial property with office space, dock door, and highway access.
      Kennesaw, GA 30152
      View Details
    • $3 SF/Yr
      13,600 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
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    1881 Cobb Pkwy NW
    Kennesaw, GA 30152
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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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