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Property profile & analytics
FOR LEASE
Community centers
840 Ernest W Barrett Pkwy Nw Kennesaw, GA 30144
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1698804
For Lease
1 / 2
Contact for pricing
840 Ernest W Barrett Pkwy Nw, Kennesaw, GA 30144
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Property summary
AI-generated overview
This exceptional retail opportunity is located at 840 Ernest W Barrett Pkwy NW in Kennesaw, Georgia, within the vibrant Cobb Place shopping center. The property offers a total of 335,190 square feet of retail space, with multiple tenancies currently available. Two spaces are immediately available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 2,000 square feet. A total of 3,200 square feet is currently vacant and ready for immediate occupancy. This prime location in Cobb County, Georgia, offers excellent visibility and accessibility, making it an ideal space for a variety of retail businesses. The property's address is 840 Ernest W Barrett Pkwy NW, Kennesaw, GA 30144. The property is categorized as a commercial shopping center, providing a strong retail environment. This is a fantastic opportunity to establish or expand your business in a thriving community. The flexible space options allow for customization to suit various business needs. Contact us today to learn more about this exceptional retail leasing opportunity in Kennesaw, Georgia.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Total area
250,725 SF
Lot
24 ac (1,045,440 SF)
Zoning code
GC
APN
16064900040
UPID
US22-1698804
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$61.99M
Comparable Approach
Comparable
$40.51M
Blend (final)
Blend
$57.38M
Owner & transaction history
Cobb Place Shops LLC · 1 yrs held
Cobb Place Shops LLC
since 2024
Last sale
$63.5M
7 recorded transactions
Zoning & alternative use
GC · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$94.1M
+91.5%
Medical building
$61.6M
+25.4%
Retail stores
$54.6M
+11.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kennesaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kennesaw submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$67,155,000
6.5%
$61,990,000
7%
$57,560,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$49,125,000
Current use
WAREHOUSE, STORAGE
$94,095,000
Change: +92% · Conversion: Difficult
MEDICAL BUILDING
$61,585,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$54,630,000
Change: +11% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$53,590,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$49,895,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$57.38M
Range $51.64M – $63.11M · ±10% · vs last sale $63.50M (Sep 5 2024)
Last sale anchor
$63.50M
Sep 5 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$229 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$500,585
Tax year 2024
Assessed value
$14,241,400
Assessed 2024
Previous assessed
$13,220,568
+7.7% YoY
Effective rate
3.51%
On assessed value
Assessed land
$5,579,688
Assessed improvement
$8,661,712
Land market value
$13,949,220
Improvement market value
$21,654,280
Total market value
$35,603,500
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1987
Heating
NONE
Total area
250,725 SF
Lot
24 ac (1,045,440 SF)
Zoning code
GC
APN
16064900040
UPID
US22-1698804
Jurisdiction
COBB
Zoning & alternative use
GC · Kennesaw, GA
Zoning GC · permitted uses
GC · Kennesaw, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kennesaw. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$49.1M
WAREHOUSE, STORAGE
Est. value
$94.1M
MEDICAL BUILDING
Est. value
$61.6M
RETAIL STORES
Est. value
$54.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$53.6M
AUTO REPAIR, GARAGE
Est. value
$49.9M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Lot
24 ac
Current owner
From public records · entity-resolved
Cobb Place Shops LLC
Entity
Mailing address
356 E MARTIN LUTHER KING JR BLVD UNIT B, SAVANNAH, GA 31401-4380
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
$63,500,000
Cobb Place Shops LLC
Cobb Place Property LLC
Deed
$44,275,000 · Bank Of America NA
Dec 5, 2024
—
Cobb Place Shops LLC
Cobb Place Property LLC
Deed
related
—
Oct 25, 2019
—
Cobb Place Property LLC
G & I Viii Rcg Cobb Place LLC
Quit Claim Deed
related
$40,000,000 · Goldman Sachs Bk USA
Oct 25, 2019
$53,500,000
Cobb Place Property LLC
G & I & I Viii Rcg Cobb Place LLC
Grant Deed
related
$40,000,000 · Goldman Sachs Bk USA
Oct 24, 2019
$53,500,000
Cobb Place Property LLC
G&i Viii Rcg Cobb Place LLC
Deed
—
Apr 21, 2015
$46,500,000
G & I Viii Rcg Cobb Place LLC
Sci Cobb Place Fund LLC
Grant Deed
related
—
Jun 17, 2005
$52,681,120
Sci Cobb Place Fund 3 LLC
Sci Cobb Place LLC
Warranty Deed
related
—
Apr 4, 2005
$60,000,000
Sci Cobb Place Fund LLC
A B Cobb Place Limited Partnersh
Warranty Deed
related
$42,700,000 · Greenwich Capital Fin'l INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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