501 Roberts CtKennesaw, GA 30144

Property Details for 501 Roberts Ct

Year built

1986

Lot size

1.38 AC

Property size (Sq ft)

18,735 SF

Zone code

GC

Property type

Retail properties

Property subtype

Strip malls

APN

16065200100

APU

16065200100

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,824,926

  6.5%

  $5,376,854

  7%

  $4,992,793

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,690,394

  Geo Method

  $9,209,212

• Alternative Use

  Use

  Valuation

  Residential

  $4,535,578

  Hospitality

  $4,154,565

  Educational

  $3,456,549

  Medical

  $3,575,425

  Retail

  $5,376,854

Location Insight

City

Kennesaw

County

Cobb

State

Georgia

Latitude

34.0101

Longitude

-84.564

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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