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

    2615 George Busbee NW Pkwy Kennesaw, GA 30144-4981

    • Strip malls
    • 53,375 SF
    • 5.04 lot acres
    OFF-MARKET
    Last Sale
    Sep 18, 2024
    $11,800,000
    Value Estimations
    $11,800,000
    Show details
    Cap Rate Potential
    7.3%
    Strip malls
    Location Intelligence
    Property ID
    US22-1522858
    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

    • Furst Electric / Electrical Service / General Contractor
    • Piece of Cake Inc. / Bakery / Specialty Food Shop
    • The UPS Store / Courier Service / Postal Service
    • Cardwerk Technologies / (Bike/Boat/Book/etc) Store / Corporate Office
    • Creative Services International, Inc / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 2615 George Busbee NW Pkwy

    Year built
    1987
    Lot size
    5.04 lot acres
    Property size
    53,375 SF
    Zone code
    GC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    16064600080
    APU
    16064600080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,800,000
      ML approach
      $11,800,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,295,000
      6.5%
      $13,195,000
      7%
      $12,255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,044,000
      Market price range: $4.38M - $16.0M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $10,460,000
      Current use
      MEDICAL BUILDING
      $13,110,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $11,630,000
      Change: +11% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $11,410,000
      Change: +9% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $10,620,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennesaw
    County
    Cobb
    State
    Georgia
    Longitude
    -84.567
    Latitude
    34.0133
    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
    $111,777
    $1,939,484
    $1,240,516
    $3,180,000
    -
    $4,848,710
    $3,101,290
    $7,950,000

    Comparable in this City

    • Value Estimation
      $1,370,000
      9,600 SF

      4241 Bells Fry NW Rd

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      4241 Bells Fry NW Rd, Kennesaw, GA 30144-1396
      View Details
    • Value Estimation by Request
      1,625 SF

      3655 Cherokee NW St

      SHOPPING CENTER, STRIP CENTER • 1,625 SF
      3655 Cherokee NW St, Kennesaw, GA 30144-2026
      View Details
    • Value Estimation
      $1,500,000
      11,330 SF

      3920 Cherokee NW St

      SHOPPING CENTER, STRIP CENTER • 11,330 SF
      3920 Cherokee NW St, Kennesaw, GA 30144-1202
      View Details
    • Value Estimation
      $12,020,000
      0.69 Acres

      1131 Ernest W Barrett NW Pkwy

      SHOPPING CENTER, STRIP CENTER • 0.69 Acres
      1131 Ernest W Barrett NW Pkwy, Kennesaw, GA 30144-4585
      View Details
    • Value Estimation
      $3,530,000
      9,940 SF

      2920 George Busbee NW Pkwy, Unit 2950

      SHOPPING CENTER, STRIP CENTER • 9,940 SF
      2920 George Busbee NW Pkwy, Kennesaw, GA 30144-4819
      View Details
    • Value Estimation
      $1,250,000
      7,925 SF

      4240 Jiles NW Rd

      SHOPPING CENTER, STRIP CENTER • 7,925 SF
      4240 Jiles NW Rd, Kennesaw, GA 30144-6435
      View Details

    Similar Nearby for Sale

    • 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
    • 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
    • $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
    • $2,000,000
      6,000 SF

      Kennesaw Warehouse: Prime Redevelopment

      6,000 SF Warehouse, High Visibility
      4147 Jiles Rd, Kennesaw, GA 30144
      View Details
    • $650,000
      1.29 Acres

      Kennesaw Commercial Land - High Traffic

      Prime 1.3-Acre Commercial Lot
      3792 Cherokee St, Kennesaw, GA 30144
      View Details

    Similar Nearby for Lease

    • 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 Ernest Barrett

      Retail space available in Kennesaw with high traffic counts.
      667-735 Ernest Barrett Pkwy, 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

      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 on Barrett Parkway

      Retail opportunity with high traffic and convenient highway access.
      425 Ernest W Barrett Pkwy NW, Kennesaw, GA 30144
      View Details
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    Kennesaw, GA 30144-4981
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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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