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Property profile & analytics
OFF-MARKET
Estimated value
$28,265,000
Garden apartment buildings
1115 Shiloh NW Rd Kennesaw, GA 30144-1389
Entity Owned
13-yr Hold
Free & Clear
Property ID
US22-2301507
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2014
Total area
131,024 SF
Lot
6.31 ac (275,081 SF)
Zoning code
RM-12
APN
20005900050
UPID
US22-2301507
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
$27.08M
Comparable Approach
Comparable
$17.97M
Blend (final)
Blend
$28.27M
Owner & transaction history
Acc Op Frey LLC · 13 yrs held
Acc Op Frey LLC
since 2012
3 recorded transactions
Zoning & alternative use
RM-12 · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RM-12 multiple family residential district is established to provide locations for multifamily residential uses or residentially compatible institutional and recreational uses at high densities as defined under the City of Kennesaw Comprehensive Land Use Plan, and as may be amended from time to time, with access to both public water and sewerage.
Zone name
Multifamily Residential 12 Units Per Acre
General category
CIVIC_INSTITUTIONAL
Zone area
144.94 ac
Source
Realmo
Top alternative use upside
Medical building
$32.2M
+14.9%
Retail stores
$28.6M
+1.9%
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%
$29,335,000
6.5%
$27,080,000
7%
$25,145,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$28,005,000
Current use
MEDICAL BUILDING
$32,180,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$28,550,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,075,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$25,675,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$28.27M
Range $25.44M – $31.09M · ±10%
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
$216 / 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
$385,948
Tax year 2024
Assessed value
$12,800,937
Assessed 2024
Previous assessed
$12,800,937
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$1,251,076
Assessed improvement
$11,549,861
Land market value
$3,127,690
Improvement market value
$28,874,652
Total market value
$32,002,342
Applied tax rate
3.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2014
Heating
NONE
Buildings
4
Units
408
Total area
131,024 SF
Lot
6.31 ac (275,081 SF)
Zoning code
RM-12
APN
20005900050
UPID
US22-2301507
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Kennesaw, GAZoning RM-12 · permitted uses
RM-12 · Kennesaw, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RM-12 multiple family residential district is established to provide locations for multifamily residential uses or residentially compatible institutional and recreational uses at high densities as defined under the City of Kennesaw Comprehensive Land Use Plan, and as may be amended from time to time, with access to both public water and sewerage.
Zone name
Multifamily Residential 12 Units Per Acre
General category
CIVIC_INSTITUTIONAL
Zone area
144.94 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$28.0M
MEDICAL BUILDING
Est. value
$32.2M
RETAIL STORES
Est. value
$28.6M
AUTO REPAIR, GARAGE
Est. value
$26.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$25.7M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2014
Heating
NONE
Buildings
4
Units
408
Lot
6.31 ac
Current owner
From public records · entity-resolved
Acc Op Frey LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 530292, BIRMINGHAM, AL 35253-0292
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2022
—
Acc Op Frey LLC
—
Deed
related
$154,530,000 · Wells Fargo Bank NA
Dec 6, 2012
—
Acc Op Frey LLC
American Campus Cmntys Operati
Quit Claim Deed
related
—
May 13, 2011
$3,300,000
Acc Op Frey LLC
American Campus Cmntys Operati
Grant Deed
—
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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