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Property profile & analytics
FOR LEASE
Office buildings
245 Townpark Dr Kennesaw, GA 30144
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1465075
For Lease
1 / 3
$27,905,000
245 Townpark Dr, Kennesaw, GA 30144
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Total area
140,120 SF
Lot
9.52 ac (414,693 SF)
Zoning code
OMR
APN
16035900040
UPID
US22-1465075
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
-
Bally Technologies Inc Industrial Manufacturer Production Facility
-
Breckenridge Insurance Insurance Agency
-
Hapag-Lloyd Freight Service Logistics Company
-
Plusoptix Inc Production Facility
-
Homeservices Lending Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.79M
Comparable Approach
Comparable
$25.73M
Blend (final)
Blend
$27.91M
Owner & transaction history
Renasant Bank · 1 yrs held
Renasant Bank
since 2025
4 recorded transactions
Zoning & alternative use
OMR · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$34.4M
+78.2%
Retail stores
$30.5M
+58.1%
Apartment house (5+ units)
$30.0M
+55.1%
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%
$33,355,000
6.5%
$30,790,000
7%
$28,590,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,315,000
Current use
MEDICAL BUILDING
$34,415,000
Change: +78% · Conversion: Easy
RETAIL STORES
$30,530,000
Change: +58% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$29,950,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$27,885,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$27,455,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$27.91M
Range $25.11M – $30.70M · ±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
$199 / 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
$345,113
Tax year 2024
Assessed value
$9,818,280
Assessed 2024
Previous assessed
$7,600,000
+29.2% YoY
Effective rate
3.52%
On assessed value
Assessed land
$2,440,184
Assessed improvement
$7,378,096
Land market value
$6,100,460
Improvement market value
$18,445,240
Total market value
$24,545,700
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1999
Heating
NONE
Total area
140,120 SF
Lot
9.52 ac (414,693 SF)
Zoning code
OMR
APN
16035900040
UPID
US22-1465075
Jurisdiction
COBB
Zoning & alternative use
OMR · Kennesaw, GA
Zoning OMR · permitted uses
OMR · 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
OFFICE BUILDING Current
Est. value
$19.3M
MEDICAL BUILDING
Est. value
$34.4M
RETAIL STORES
Est. value
$30.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$30.0M
AUTO REPAIR, GARAGE
Est. value
$27.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$27.5M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1999
Heating
NONE
Lot
9.52 ac
Current owner
From public records · entity-resolved
Renasant Bank
Entity
Mailing address
1 ALHAMBRA PLZ STE #1450, CORAL GABLES, FL 33134-5248
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2025
—
Renasant Bank
Backyard Playnation Re Holdings LLC
Deed
—
Aug 4, 2014
—
Townpark Ravine Owner LLC
Townpark Ravine LLC
Quit Claim Deed
related
—
Aug 4, 2014
$19,197,500
Townpark Ravine Owner LLC
Townpark Ravine LLC
Grant Deed
related
—
—
—
Townpark Ravine LLC
—
Deed Of Trust
related
$10,600,000 · Metropolitan Life Insurance
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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