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Property profile & analytics
OFF-MARKET Estimated value $2,565,000
Strip malls

501 Roberts NW Ct Kennesaw, GA 30144-4941

18,735 SF 1.38 ac lot Built 1986
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US22-0493688
Property summary
AI-generated overview

This retail center in Cobb County's Town Center trade area offers 3,363 square feet of vacant space in a multi-tenant building totaling 4,643 square feet. Located off Barrett Parkway, it benefits from excellent visibility and high traffic counts (41,300 vehicles daily) at the signalized intersection of Barrett Parkway and Roberts Circle. The property enjoys proximity to major retailers including Town Center at Cobb mall (anchored by Macy's, Belk, and JCPenney), as well as Home Depot, Costco, Target, and many others. Its strategic location offers easy access to I-75 and I-575, placing it within a strong demographic area with over 176,000 residents within a 5-mile radius and average household incomes exceeding $83,000. The center is less than 2 miles from Kennesaw State University, Georgia's third-largest university, with a student body of over 36,000. Available spaces range from a minimum of 1,363 square feet to a maximum contiguous space of 2,000 square feet. Note that vape shops, smoke shops, and event facilities are not permitted. This presents a unique opportunity for businesses seeking high visibility and access to a large consumer base in a thriving retail corridor.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Total area 18,735 SF
Lot 1.38 ac (59,895 SF)
Zoning code GC
APN 16065200100
UPID US22-0493688
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
  • FASTSIGNS Marketing & Advertising Advertising Agency
  • Reach Chiropractic Alternative Medicine Practice
  • Impression Bridal Atlanta Clothing & Fashion Store
  • PromGirl Pop-Up Store, Atlanta Clothing & Fashion Store
  • Town Center Station Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$2.57M
Owner & transaction history
Scgvi-barrett Parkway LLC · 11 yrs held
Scgvi-barrett Parkway LLC
since 2015
6 recorded transactions
2017
Price N/A
2015
$2.6M
2009
$838,500
2009
$838,500
2009
Price N/A
2009
$1.7M
Zoning & alternative use
GC · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $4.1M +11.2%
Apartment house (5+ units) $4.0M +9.1%
Auto repair, garage $3.7M +1.6%
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