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Property profile & analytics
OFF-MARKET
Estimated value
$53,695,000
Garden apartment buildings
1575 Ridenour NW Pkwy Kennesaw, GA 30152-4510
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1960932
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2000
Total area
283,134 SF
Lot
13.1 ac (570,636 SF)
Zoning code
PVC
APN
20021100820
UPID
US22-1960932
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
-
Ashford Ridenour Apartment #632 Apartment Building
-
JRW International Inc Real Estate Agency
-
Move It ! Moving Company
-
Frank’s Apartment Building
-
Chris Amaral Photography (Bike/Boat/Book/etc) Store Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$58.52M
Comparable Approach
Comparable
$59.97M
Blend (final)
Blend
$53.70M
Owner & transaction history
Gep X Ridenour LLC · 5 yrs held
Gep X Ridenour LLC
since 2020
Last sale
$49.6M
7 recorded transactions
Zoning & alternative use
PVC · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The PVC planned village community district is established to provide locations and encourage flexible site plans and building arrangements under a unified plan of development rather than a lot by lot regulation for retail commercial and service uses which are designed and oriented to be self sufficient neighborhoods making up a community. The developer benef…
Zone name
Planned Village Community
General category
COMMERCIAL
Zone area
278.68 ac
Source
Realmo
Top alternative use upside
Office building
$85.8M
+41.8%
Medical building
$69.5M
+14.9%
Retail stores
$61.7M
+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
$50,900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$63,395,000
6.5%
$58,515,000
7%
$54,340,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$60,515,000
Current use
OFFICE BUILDING
$85,815,000
Change: +42% · Conversion: Moderate
MEDICAL BUILDING
$69,545,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$61,690,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$56,345,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$55,475,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$53.70M
Range $48.33M – $59.06M · ±10% · vs last sale $49.55M (Sep 1 2020)
Last sale anchor
$49.55M
Sep 1 2020
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
$190 / 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
$568,026
Tax year 2024
Assessed value
$18,840,000
Assessed 2024
Previous assessed
$18,840,000
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$3,286,864
Assessed improvement
$15,553,136
Land market value
$8,217,160
Improvement market value
$38,882,840
Total market value
$47,100,000
Applied tax rate
9.0000
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
2000
Heating
NONE
Buildings
7
Units
255
Total area
283,134 SF
Lot
13.1 ac (570,636 SF)
Zoning code
PVC
APN
20021100820
UPID
US22-1960932
Jurisdiction
COBB
Zoning & alternative use
PVC · Kennesaw, GAZoning PVC · permitted uses
PVC · Kennesaw, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The PVC planned village community district is established to provide locations and encourage flexible site plans and building arrangements under a unified plan of development rather than a lot by lot regulation for retail commercial and service uses which are designed and oriented to be self sufficient neighborhoods making up a community. The developer benefits from better land utilization and economy in the provision of roads and utilities and overall site design
Zone name
Planned Village Community
General category
COMMERCIAL
Zone area
278.68 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$60.5M
OFFICE BUILDING
Est. value
$85.8M
MEDICAL BUILDING
Est. value
$69.5M
RETAIL STORES
Est. value
$61.7M
AUTO REPAIR, GARAGE
Est. value
$56.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$55.5M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
2000
Heating
NONE
Buildings
7
Units
255
Lot
13.1 ac
Current owner
From public records · entity-resolved
Gep X Ridenour LLC
Entity
Mailing address
750 BERING DR STE #300, HOUSTON, TX 77057-2132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Sep 4, 2020
—
Gep X Ridenour LLC
—
Deed
related
$35,787,000 · Wells Fargo Bk
Sep 1, 2020
$49,550,000
Gep X Ridenour LLC
Ashford Ridenour LLC
Grant Deed
—
Sep 1, 2020
—
Gep X Ridenour LLC
Ashford Ridenour LLC
Quit Claim Deed
related
—
Apr 30, 2018
—
Ashford Ridenour LLC
—
Deed
related
$30,319,000 · Capital One Multifamily Fin
Jun 16, 2015
$35,317,500
Ashford Ridenour LLC
Estates At Ridenour LLC
Grant Deed
$28,617,000 · Capital One Multifamily Fin
—
—
Duriel R Holley
—
Deed Of Trust
related
$25,400 · Regions Bank
—
—
Ashford Ridenour LLC
—
Deed Of Trust
related
$30,319,000 · Capital One Multifamily Fin
—
—
Gep X Ridenour LLC
—
Deed Of Trust
related
$35,787,000 · Wells Fargo Bk
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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