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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
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, GA
Zoning PVC · permitted uses
PVC · 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
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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