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    Property profile & analytics

    3103 Cobb Pkwy Kennesaw, GA 30152

    • Strip malls
    • 20,350 SF
    • 2.44 lot acres
    For Lease
    View listing
    Last Sale
    Sep 22, 2021
    $5,050,000
    Value Estimations
    $5,100,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1535559
    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

    • MiniStop Chinese Restaurant / Restaurant
    • Rick's Hotwings / Restaurant
    • Total Insurance / Insurance Agency
    • Firefly Catering / Take-out & Catering / Catering Service
    • Mangiamo Ristorante & Pizzeria / Restaurant

    Property Details for 3103 Cobb Pkwy

    Year built
    2002
    Lot size
    2.44 lot acres
    Property size
    20,350 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    20012400110
    APU
    20012400110

    Description

    Village Grand, located at 3103 Cobb Pkwy NW in Kennesaw, Georgia (zip code 30152), offers a prime retail opportunity in Cobb County. This property features a total of 9,050 square feet of retail space available for lease, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 1,200 square feet. Currently, there are 2,200 square feet of vacant space available, ideal for a variety of retail uses. The property is designated as land with multiple tenancy. The property's location in Kennesaw provides excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. The address is easily accessible from Cobb Parkway NW, offering convenient access for customers and employees. This is a fantastic opportunity for businesses looking to establish or expand their retail operations in a high-traffic area of Cobb County. The available space is flexible and can accommodate a range of retail concepts. Interested parties are encouraged to inquire about lease terms and conditions. The property is categorized as retail land and is situated in a vibrant commercial area. This presents a unique chance to secure a well-positioned retail space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,025,000
      ML approach
      $3,990,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,450,000
      6.5%
      $5,030,000
      7%
      $4,670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,264,000
      Market price range: $1.67M - $6.11M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,985,000
      Current use
      WAREHOUSE, STORAGE
      $7,635,000
      Change: +92% Conversion: Difficult
      OFFICE BUILDING
      $6,170,000
      Change: +55% Conversion: Moderate
      MEDICAL BUILDING
      $5,000,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $4,435,000
      Change: +11% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $4,350,000
      Change: +9% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,050,000
      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
    -84.656
    Latitude
    34.0299
    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
    $57,285
    $660,792
    $1,239,208
    $1,900,000
    -
    $1,651,980
    $3,098,020
    $4,750,000

    Comparable in this City

    • Value Estimation
      $1,610,000
      12,360 SF

      3221 Cobb NW Pkwy

      SHOPPING CENTER, STRIP CENTER • 12,360 SF
      3221 Cobb NW Pkwy, Kennesaw, GA 30152-1015
      View Details
    • Value Estimation
      $3,105,000
      24,160 SF

      2953 Cobb NW Pkwy

      SHOPPING CENTER, STRIP CENTER • 24,160 SF
      2953 Cobb NW Pkwy, Kennesaw, GA 30152-2617
      View Details
    • Value Estimation
      $865,000
      5,600 SF

      3265 Cobb NW Pkwy

      SHOPPING CENTER, STRIP CENTER • 5,600 SF
      3265 Cobb NW Pkwy, Kennesaw, GA 30152
      View Details
    • Value Estimation
      $2,040,000
      18,768 SF

      2680 Cobb NW Pkwy

      SHOPPING CENTER, STRIP CENTER • 18,768 SF
      2680 Cobb NW Pkwy, Kennesaw, GA 30152-3470
      View Details
    • Value Estimation
      $10,070,000
      85,679 SF

      2774 Cobb NW Pkwy

      SHOPPING CENTER, STRIP CENTER • 85,679 SF
      2774 Cobb NW Pkwy, Kennesaw, GA 30152-3469
      View Details
    • Value Estimation
      $1,555,000
      15,091 SF

      1735 Tuscan Hts NW Blvd

      SHOPPING CENTER, STRIP CENTER • 15,091 SF
      1735 Tuscan Hts NW Blvd, Kennesaw, GA 30152-6800
      View Details

    Similar Nearby for Sale

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      Clock Tower Carwash: Kennesaw, GA

      Profitable Car Wash Business - High ROI Potential
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    • $262,000

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      Kennesaw Vacant Lot For Sale

      Vacant lot in top Cobb County school zone.
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    • $995,000
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      Kennesaw Land with Creek Frontage

      9-acre land parcel with creek frontage near Marietta, Kennesaw.
      3971 Loring Way NW, Kennesaw, GA 30152
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    Similar Nearby for Lease

    • $20 SF/Yr
      24,160 SF

      Mack Dobbs Pointe Retail Center

      Kennesaw, GA retail space available
      2953 Cobb Pkwy, Kennesaw, GA 30152
      View Details
    • 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
    • $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
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    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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