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    245 Townpark Dr Kennesaw, GA 30144
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    Property profile & analytics

    245 Townpark Dr, Kennesaw, GA 30144

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    • Office buildings
    • 140,120 SF
    • 9.52 lot acres
    For Lease
    $27,905,000
    View Listing →
    Class A Office Space Available For Lease
    $27,905,000
    74,421 SF

    Class A Office Space Available

    Six-story Class A office building in TownPark, Kennesaw, GA.

    245 Townpark Drive, Kennesaw, GA 30144
    View Listing
    Property ID
    US22-1465075
    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

    • Bally Technologies Inc / Industrial Manufacturer / Production Facility
    • Breckenridge Insurance / Insurance Agency
    • Hapag-Lloyd / Freight Service / Logistics Company
    • Plusoptix Inc / Production Facility
    • Homeservices Lending / Loan Service

    Property Details for 245 Townpark Dr

    Year built
    1999
    Lot size
    9.52 lot acres
    Zone code
    OMR
    Property type
    Office buildings
    APN
    16035900040
    APU
    16035900040

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $33,355,000
      6.5%
      $30,790,000
      7%
      $28,590,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $25,727,000
      Market price range: $14.2M - $26.0M
      AI Estimate
      $27,203,000
      Market price range: $10.4M - $29.7M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $19,315,000
      Current use
      MEDICAL BUILDING
      $34,415,000
      Change: +78% Conversion: Easy
      RETAIL STORES
      $30,530,000
      Change: +58% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $29,950,000
      Change: +55% Conversion: Easy
      AUTO REPAIR, GARAGE
      $27,885,000
      Change: +44% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $27,455,000
      Change: +42% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennesaw
    County
    Cobb
    State
    Georgia
    Longitude
    -84.5708
    Latitude
    34.0411
    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
    $345,113
    $2,440,184
    $7,378,096
    $9,818,280
    -
    $6,100,460
    $18,445,240
    $24,545,700

    Comparable in this City

    • Value Estimation
      $4,760,000
      36,861 SF

      100 Chastain Ctr NW Blvd

      OFFICE BUILDING
      100 Chastain Ctr NW Blvd, Kennesaw, GA 30144-5559
      View Details
    • Value Estimation
      $9,380,000
      78,750 SF

      1940 Ldg NW Rd

      OFFICE BUILDING
      1940 Ldg NW Rd, Kennesaw, GA 30144-7577
      View Details
    • Value Estimation
      $29,235,000
      229,440 SF

      210 Townpark NW Dr

      OFFICE BUILDING
      210 Townpark NW Dr, Kennesaw, GA 30144-5514
      View Details
    • Value Estimation
      $610,000
      58,166 SF

      1045 Big Shanty NW Rd

      OFFICE BUILDING
      1045 Big Shanty NW Rd, Kennesaw, GA 30144-3642
      View Details
    • Value Estimation by Request
      5,150 SF

      2690 Summers NW St

      OFFICE BUILDING
      2690 Summers NW St, Kennesaw, GA 30144-3563
      View Details
    • Value Estimation
      $1,715,000
      9,702 SF

      50 Chastain Ctr NW Blvd

      OFFICE BUILDING
      50 Chastain Ctr NW Blvd, Kennesaw, GA 30144-5545
      View Details

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    • Contact for pricing
      9,677 SF

      Turnkey Brewery/Restaurant Facility For Sale

      Two-story brewery/restaurant with office space in historic downtown district.
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      1,134 SF

      Kennesaw Office Unit For Sale

      1,134 SF office unit in Kennesaw, Georgia.
      1275 Shiloh Rd, Kennesaw, GA 30144
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    • $875,000

      Kennesaw Industrial Flex Space

      Industrial flex space with warehouse, offices, and fenced yard.
      3095 Moon Station Rd, Kennesaw, GA 30144
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    • $145,000
      950 SF

      Kennesaw Office Suite For Sale

      Main-level office suite with kitchenette and restroom, leased until 2026.
      3440 Blue Springs Rd NW, Kennesaw, GA 30144
      View Details
    • $900,000
      6,406 SF

      Kennesaw Office Warehouse Condo

      6,406 SF office warehouse condo in Kennesaw, Georgia.
      1690 Roberts Blvd, Kennesaw, GA 30144
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      74,421 SF

      Class A Office Space Available

      Six-story Class A office building in TownPark, Kennesaw, GA.
      245 Townpark Dr, Kennesaw, GA 30144
      View Details
    • Contact for pricing
      58,728 SF

      Class A Office Building

      Four-story office building with amenities in TownPark.
      3550 George Busbee Pkwy Northwest, Kennesaw, GA 30144
      View Details
    • Contact for pricing

      Kennesaw Office Building Near I-75

      Office suites available for lease near major highways and KSU.
      1925 Vaughn Rd, Kennesaw, GA 30144
      View Details
    • Contact for pricing

      Kennesaw Office Suites For Rent

      Office suites available in Kennesaw, convenient location.
      3185 Cherokee St NW, Kennesaw, GA 30144
      View Details
    • Contact for pricing

      Kennesaw Office Building Near Interstates

      Office suites available for lease near I-75 and I-575.
      1925 Vaughn Rd, Kennesaw, GA 30144
      View Details
    • Contact for pricing
      72,966 SF

      Class A Office Building

      Class A office building in TownPark with modern amenities.
      600 Townpark Ln, Kennesaw, GA 30144
      View Details
    View Listing
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    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.

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