Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$66,150,000
Garden apartment buildings
2200 Bensman NW Ln Kennesaw, GA 30144-1809
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2501574
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2012
Total area
342,443 SF
Lot
19.15 ac (834,290 SF)
Zoning code
NRC/RM12
APN
20009203880
UPID
US22-2501574
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
-
Phi Mu Volunteer Organization Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$70.78M
Comparable Approach
Comparable
$88.23M
Blend (final)
Blend
$66.15M
Owner & transaction history
West 22 Ll LLC · 2 yrs held
West 22 Ll LLC
since 2023
Last sale
$74.8M
6 recorded transactions
Zoning & alternative use
NRC/RM12 · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home - City of Kennesaw
Top alternative use upside
Medical building
$84.1M
+14.9%
Retail stores
$74.6M
+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
$48,470,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$76,675,000
6.5%
$70,775,000
7%
$65,720,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$73,195,000
Current use
MEDICAL BUILDING
$84,110,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$74,615,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$68,150,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$67,100,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$66.15M
Range $59.54M – $72.77M · ±10% · vs last sale $74.76M (Oct 27 2023)
Last sale anchor
$74.76M
Oct 27 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
$193 / 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
$856,923
Tax year 2024
Assessed value
$28,422,000
Assessed 2024
Previous assessed
$29,403,720
-3.3% YoY
Effective rate
3.01%
On assessed value
Assessed land
$3,300,012
Assessed improvement
$25,121,988
Land market value
$8,250,030
Improvement market value
$62,804,970
Total market value
$71,055,000
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
2012
Heating
NONE
Buildings
12
Units
850
Total area
342,443 SF
Lot
19.15 ac (834,290 SF)
Zoning code
NRC/RM12
APN
20009203880
UPID
US22-2501574
Jurisdiction
COBB
Zoning & alternative use
NRC/RM12 · Kennesaw, GAZoning NRC/RM12 · permitted uses
NRC/RM12 · Kennesaw, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home - City of Kennesaw
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$73.2M
MEDICAL BUILDING
Est. value
$84.1M
RETAIL STORES
Est. value
$74.6M
AUTO REPAIR, GARAGE
Est. value
$68.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$67.1M
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
2012
Heating
NONE
Buildings
12
Units
850
Lot
19.15 ac
Current owner
From public records · entity-resolved
West 22 Ll LLC
Entity
Mailing address
7500 RIALTO BLVD STE, AUSTIN, TX 78735-8531
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Oct 27, 2023
$74,758,000
West 22 Ll LLC
Vesper Kennesaw LLC
Limited Warranty Deed
—
Oct 27, 2023
—
Paul Hastings LLP
West 22 Ll LLC
Assignment Of Lease (leasehold Sale)
—
Mar 21, 2018
—
Vesper Kennesaw LLC
—
Deed
related
$3,949,000 · Keybank USA
Oct 3, 2016
$57,900,000
Vesper Kennesaw LLC
Ccal-2 3615 Cherokee Street Ll
Grant Deed
$44,727,000 · Keybank USA
Nov 22, 2013
$54,880,300
Ccal-2 3615 Cherokee Street Ll
Kennesaw Sanctuary Owner LLC
Grant Deed
—
—
—
Vesper Kennesaw LLC
—
Deed Of Trust
related
$3,949,000 · Keybank USA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2200 Bensman NW Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
