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

    3131 Cherokee NW St Kennesaw, GA 30144-2894

    • Investment properties
    • 2,496 SF
    • 0.54 lot acres
    OFF-MARKET
    Last Sale
    Jul 30, 2024
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1627351
    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

    • Michael R. Drennan, LPC / Counselor / Doctor
    • Out of the Blue Hair Studio / Hair Salon / Nail Salon

    Property Details for 3131 Cherokee NW St

    Year built
    1952
    Lot size
    0.54 lot acres
    Property size
    2,496 SF
    Zone code
    NS
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    20012900100
    APU
    20012900100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennesaw
    County
    Cobb
    State
    Georgia
    Longitude
    -84.6093
    Latitude
    34.03
    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
    $6,443
    $132,424
    $47,576
    $180,000
    -
    $331,060
    $118,940
    $450,000

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      1951 Galt Cmns

      OFFICE/RESIDENTIAL (MIXED USE) • 0.04 Acres
      1951 Galt Cmns, Kennesaw, GA 30144-1154
      View Details
    • Value Estimation
      $650,000
      4,938 SF

      2950 Cherokee St Nw Ste, Unit 700

      OFFICE/RESIDENTIAL (MIXED USE) • 4,938 SF
      2950 Cherokee St Nw Ste, Kennesaw, GA 30144-6505
      View Details
    • Value Estimation by Request
      1,300 SF

      3290 Cherokee NW St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,300 SF
      3290 Cherokee NW St, Kennesaw, GA 30144-2901
      View Details
    • Value Estimation by Request
      1,196 SF

      3278 Cherokee NW St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,196 SF
      3278 Cherokee NW St, Kennesaw, GA 30144-2901
      View Details
    • Value Estimation
      $565,000
      5,163 SF

      3271 Old 41st NW Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 5,163 SF
      3271 Old 41st NW Hwy, Kennesaw, GA 30144-1127
      View Details
    • Value Estimation by Request
      2,311 SF

      801 Shallowford NE Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,311 SF
      801 Shallowford NE Rd, Kennesaw, GA 30144-1758
      View Details

    Similar Nearby for Sale

    • $750,000
      4,368 SF

      Kennesaw Mixed-Use Commercial Property

      High-growth area, prime location, multiple buildings
      3541 Cherokee St, Kennesaw, GA 30144
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    • $2,000,000
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      Kennesaw Warehouse: Prime Redevelopment

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      Prime 1.54-acre corner lot, 798 sqft building.
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      Kennesaw Commercial Land - $150K

      1.84-acre commercial lot, ideal retail development.
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      4,080 SF

      Kennesaw Airport Hangar - Sold

      4,080 SF Airport Hangar in Georgia
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    • $329,000

      Home with New HVAC System

      Home features new HVAC, fresh paint, and new flooring.
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    Similar Nearby for Lease

    • Contact for pricing
      26,980 SF

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      Individual retail properties • 26,980 SF
      3655 Cherokee St, Kennesaw, GA 30144
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    • $1,995 /Mo
      1,836 SF

      Kennesaw Townhouse with Community Pool

      Three-bedroom, 2.5 bath townhouse in Olde Royal Regency neighborhood.
      4101 Royal Regency Cir NW, Kennesaw, GA 30144
      View Details
    • $18 SF/Yr
      1,132 SF

      COMMERCIAL - Kennesaw, GA

      Move-in ready office suite near I-75, I-575, and KSU.
      1301 Shiloh Rd NW, Kennesaw, GA 30144
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    • Contact for pricing
      107,405 SF

      Kennesaw Ridge Flex Space Available

      Sublease opportunity: 2,655 sq ft flex space.
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    • Contact for pricing
      40,767 SF

      Shops at Shiloh Crossing Retail

      Kennesaw Retail Center: Four Spaces Available
      3940 Cherokee St, Kennesaw, GA 30144
      View Details
    • $1,700 /Mo
      1,134 SF

      Functional Office Suite Near I-75

      Move-in ready office suite near I-75 and KSU.
      1301 NW Unit, Kennesaw, GA 30144
      View Details
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    3131 Cherokee NW St
    Kennesaw, GA 30144-2894
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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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