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Property profile & analytics
OFF-MARKET
Estimated value
$3,545,000
Turn key restaurants
185 Cherokee Pl Cartersville, GA 30121-2966
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-0949963
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1995
Construction
BRICK
Total area
5,655 SF
Lot
1.34 ac (58,370 SF)
Zoning code
IN
APN
C005-0002-028
UPID
US22-0949963
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
$3.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.55M
Owner & transaction history
Mb2k LLC · 1 yrs held
Mb2k LLC
since 2025
Last sale
$3.5M
6 recorded transactions
Zoning & alternative use
IN · Cartersville, GA
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 Cartersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cartersville 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
$3,550,000
ML approach
$3,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.55M
Range $3.19M – $3.90M · ±10% · vs last sale $3.54M (Dec 6 2023)
Last sale anchor
$3.54M
Dec 6 2023
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
$627 / 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
$14,371
Tax year 2023
Assessed value
$589,822
Assessed 2023
Previous assessed
$589,822
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$300,000
Assessed improvement
$289,822
Land market value
$750,000
Improvement market value
$724,556
Total market value
$1,474,556
Applied tax rate
1.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1995
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
5,655 SF
Lot
1.34 ac (58,370 SF)
Zoning code
IN
APN
C005-0002-028
UPID
US22-0949963
Jurisdiction
BARTOW
Zoning & alternative use
IN · Cartersville, GA
Zoning IN · permitted uses
IN · Cartersville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cartersville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.34 ac
Current owner
From public records · entity-resolved
Mb2k LLC
Entity
Free & Clear · 1 yrs held
Mailing address
185 CHEROKEE PL, CARTERSVILLE, GA 30121-2966
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2025
—
Mb2k LLC
Kobold Construction General Partner
Quitclaim Deed
related
—
Dec 6, 2023
$3,542,418
Kobold Construction General Partner
Olp Cartersville LLC
Warranty Deed
—
Mar 16, 2012
$2,974,300
Olp Cartersville LLC
Nrp Realty LLC
Grant Deed
—
Oct 24, 2011
—
Nrp Realty LLC
Apple Restaurants INC
Quit Claim Deed
related
$30,000,000 · State Bank & Trust
Oct 24, 2011
$2,736,800
Nrp Realty LLC
Apple Restaurants INC
Grant Deed
—
—
—
Neighborhood Restaurant Ptrs L
—
Deed Of Trust
related
$26,500,000 · Wells Fargo Bank
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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