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Property profile & analytics
OFF-MARKET
Estimated value
$47,430,000
Community centers
2500 Cobb Pl NW Ln Kennesaw, GA 30144-7521
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1346216
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1998
Total area
171,286 SF
Lot
21.83 ac (950,869 SF)
Zoning code
CRC
APN
16064700060
UPID
US22-1346216
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
-
Hudson Grille Restaurant
-
Best Buy Appliance Outlet Discount Store Clothing & Fashion Store
-
Birdies' Wings Kennesaw Restaurant
-
Urban Air Trampoline and Adventure Park Tour Operator Campground & RV Park
-
Cold Stone Creamery Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$42.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.43M
Owner & transaction history
Orf Vii Barrett Pavilion LLC · 3 yrs held
Orf Vii Barrett Pavilion LLC
since 2022
Last sale
$58.8M
2 recorded transactions
Zoning & alternative use
CRC · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$64.3M
+91.5%
Medical building
$42.1M
+25.4%
Retail stores
$37.3M
+11.2%
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
$57,950,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$45,875,000
6.5%
$42,350,000
7%
$39,325,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$33,560,000
Current use
WAREHOUSE, STORAGE
$64,280,000
Change: +92% · Conversion: Difficult
MEDICAL BUILDING
$42,070,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$37,320,000
Change: +11% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$36,610,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$34,090,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$47.43M
Range $42.69M – $52.17M · ±10% · vs last sale $58.75M (Sep 12 2022)
Last sale anchor
$58.75M
Sep 12 2022
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
$277 / 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
$239,020
Tax year 2024
Assessed value
$6,800,000
Assessed 2024
Previous assessed
$7,691,080
-11.6% YoY
Effective rate
3.52%
On assessed value
Assessed land
$3,230,268
Assessed improvement
$3,569,732
Land market value
$8,075,670
Improvement market value
$8,924,330
Total market value
$17,000,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1998
Heating
NONE
Buildings
5
Total area
171,286 SF
Lot
21.83 ac (950,869 SF)
Zoning code
CRC
APN
16064700060
UPID
US22-1346216
Jurisdiction
COBB
Zoning & alternative use
CRC · Kennesaw, GA
Zoning CRC · permitted uses
CRC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$33.6M
WAREHOUSE, STORAGE
Est. value
$64.3M
MEDICAL BUILDING
Est. value
$42.1M
RETAIL STORES
Est. value
$37.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$36.6M
AUTO REPAIR, GARAGE
Est. value
$34.1M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1998
Heating
NONE
Buildings
5
Lot
21.83 ac
Current owner
From public records · entity-resolved
Orf Vii Barrett Pavilion LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5865 N PT PKWY STE #350, ALPHARETTA, GA 30022-1168
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2022
$58,750,000
Orf Vii Barrett Pavilion LLC
Sblo Barrett Pavilion Owner LLC
Limited Warranty Deed
—
Mar 6, 2007
$106,143,312
Ddrtc Barrett Pavilion LLC
Inland Se Barrett LLC
Grant Deed
$70,373,016 · Mers
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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