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Property profile & analytics
OFF-MARKET
Estimated value
$3,290,000
Commercial real estate
1 Kortlyn Pl Adairsville, GA 30103
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-3573632
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,343 SF
Lot
1.41 ac (61,420 SF)
APN
A009-0199-030
UPID
US22-3573632
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
$3.29M
CAP Approach
CAP
$4.34M
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$3.29M
Owner & transaction history
K&p Hospitality LLC · 1 yrs held
K&p Hospitality LLC
since 2024
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Adairsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Adairsville 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
$3,290,000
ML approach
$3,290,000
CAP Approach
CAP Return
Estimation
6%
$4,695,000
6.5%
$4,335,000
7%
$4,025,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,435,000
Current use
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±10% · vs last sale $3.29M (Nov 12 2024)
Last sale anchor
$3.29M
Nov 12 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
$154 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$29,164
Tax year 2023
Assessed value
$1,083,884
Assessed 2023
Previous assessed
$1,083,884
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$100,000
Assessed improvement
$983,884
Land market value
$250,000
Improvement market value
$2,459,711
Total market value
$2,709,711
Applied tax rate
2.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Total area
21,343 SF
Lot
1.41 ac (61,420 SF)
APN
A009-0199-030
UPID
US22-3573632
Jurisdiction
BARTOW
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.4M
COMMERCIAL (GENERAL) Current
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
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Lot
1.41 ac
Current owner
From public records · entity-resolved
K&p Hospitality LLC
Entity
Mailing address
PO BOX 126, LYERLY, GA 30730-0126
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
$3,291,000
K&p Hospitality LLC
Bhathi Development LLC
Warranty Deed
$2,885,000 · North Georgia National Bank
Jun 10, 2024
—
Bhathi Development LLC
—
Deed
related
$450,000 · B&j Construction
Apr 2, 2020
—
Bhathi Dev LLC
—
Deed
related
$1,000,000 · First Bk/dalton
Feb 21, 2020
—
Bhathi Dev LLC
—
Deed
related
$205,430 · First Bk/dalton
Jan 21, 2020
—
Bhathi Dev LLC
—
Deed Of Trust
related
$103,810 · First Bk/dalton
Sep 13, 2018
$258,000
Bhathi Developement LLC
Limestone Dev LLC
Warranty Deed
—
Mar 31, 2010
$1,300,000
Limestone Development LLC
Battey Development Grp LLC
Grant Deed
$975,000 · United Community Bank
—
—
Limestone Dev LLC
—
Loan Modification
related
$44,693 · United Community Bank
—
—
Bhathi Dev LLC
—
Loan Modification
related
$1,000,000 · First Bk/dalton
—
—
Battey Dev Group LLC
—
Loan Modification
related
$3,299,367 · United Community Bank
—
—
Bhathi Dev LLC
—
Loan Modification
related
$205,430 · First Bk/dalton
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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