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Property profile & analytics
OFF-MARKET Estimated value $1,715,000
Office buildings

50 Chastain Ctr NW Blvd Kennesaw, GA 30144-5545

9,702 SF 1.18 ac lot Built 1987
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US22-1995251
Property summary
AI-generated overview

This exceptional investment opportunity presents a 10,010-square-foot mixed-use building in Kennesaw, Georgia, currently operating at 100% occupancy. Located at 50 Chastain Center Blvd, 30144, this property boasts convenient access to I-575 and I-75, ensuring high visibility and accessibility. The building is currently leased to a single tenant under a triple-net (NNN) lease agreement with a remaining term of 9.5 years on a 10-year lease. The tenant possesses excellent credit, mitigating risk and providing financial stability. The asking price is $3,630,000, translating to a price per square foot of $362.64 and a compelling 6.12% capitalization rate. This property offers a strong, stable income stream with significant long-term potential. The property's classification includes Mixed Use, Office, and Retail components, providing versatility and potential for future expansion or adaptation. This is an ideal investment for those seeking a secure, high-return property with a proven track record of success in a thriving Georgia market. The property's location in Cobb County offers a strong demographic profile and robust economic activity. This turnkey investment requires minimal management, making it an attractive option for both seasoned and new investors.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 9,702 SF
Lot 1.18 ac (51,270 SF)
Zoning code GC/WS
APN 16036300060
UPID US22-1995251
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • FedEx Drop Box Postal Service Courier Service
  • Capital City Home Loans Loan Service Bank
  • Josh Holubz, Mortgage Expert Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.13M
Comparable Approach Comparable
$1.46M
Blend (final) Blend
$1.72M
Owner & transaction history
50 Chastain Center LLC · 6 yrs held
50 Chastain Center LLC
since 2020
7 recorded transactions
2020
Price N/A
2019
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
GC/WS · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.4M +78.2%
Retail stores $2.1M +58.1%
Apartment house (5+ units) $2.1M +55.1%
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