Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2650 Burrell NW Ct Kennesaw, GA 30144-3508

    • Garden apartment buildings
    • 972 SF
    • 4.21 lot acres
    OFF-MARKET
    Last Sale
    Feb 26, 2020
    $890,000
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0495593
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 2650 Burrell NW Ct

    Year built
    1955
    Lot size
    4.21 lot acres
    Property size
    972 SF
    Zone code
    CBD
    Property type
    Garden apartment buildings
    APN
    20016700310
    APU
    20016700310

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $915,000
      ML approach
      $705,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kennesaw
    County
    Cobb
    State
    Georgia
    Longitude
    -84.6139
    Latitude
    34.0184
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $279,498
    $648,772
    $8,621,480
    $9,270,252
    -
    $1,621,930
    $21,553,700
    $23,175,630

    Comparable in this City

    • Value Estimation by Request
      489,796 SF

      3885 George Busbee NW Pkwy

      GARDEN APT, COURT APT (5+ UNITS) • 489,796 SF
      3885 George Busbee NW Pkwy, Kennesaw, GA 30144-6603
      View Details
    • Value Estimation by Request
      115,210 SF

      3840 Jiles NW Rd

      GARDEN APT, COURT APT (5+ UNITS) • 115,210 SF
      3840 Jiles NW Rd, Kennesaw, GA 30144-1118
      View Details
    • Value Estimation by Request
      382,704 SF

      3453 Busbee NW Dr

      GARDEN APT, COURT APT (5+ UNITS) • 382,704 SF
      3453 Busbee NW Dr, Kennesaw, GA 30144-5595
      View Details
    • Value Estimation
      $32,480,000
      198,423 SF

      50 Creekside NW Dr

      GARDEN APT, COURT APT (5+ UNITS) • 198,423 SF
      50 Creekside NW Dr, Kennesaw, GA 30144-3603
      View Details
    • Value Estimation
      $9,955,000
      13.46 Acres

      3550 George Busbee NW Pkwy

      GARDEN APT, COURT APT (5+ UNITS) • 13.46 Acres
      3550 George Busbee NW Pkwy, Kennesaw, GA 30144-6608
      View Details
    • Value Estimation
      $640,000
      5,795 SF

      2481 Paulding NW St

      GARDEN APT, COURT APT (5+ UNITS) • 5,795 SF
      2481 Paulding NW St, Kennesaw, GA 30144-5647
      View Details

    Similar Nearby for Sale

    • $329,000

      Home with New HVAC System

      Home features new HVAC, fresh paint, and new flooring.
      3611 Silver Brooke Ln NW, Kennesaw, GA 30144
      View Details
    • $1,600,000
      3.30 Acres

      Acworth, GA Commercial Land

      3.3-acre RSL zoned land, high visibility
      1550 Hickory Grove Rd, Acworth, GA 30144
      View Details
    • $326,000
      1,751 SF

      Home with New HVAC System

      Home features new HVAC, fresh paint, and new flooring.
      3611 Silver Brooke Ln NW, Kennesaw, GA 30144
      View Details
    • $150,000
      1.84 Acres

      Kennesaw Commercial Land - $150K

      1.84-acre commercial lot, ideal retail development.
      4286 Bells Ferry Rd, Kennesaw, GA 30144
      View Details
    • Contact for pricing
      4,080 SF

      Kennesaw Airport Hangar - Sold

      4,080 SF Airport Hangar in Georgia
      1723 Mccollum Pkwy, Kennesaw, GA 30144
      View Details
    • $400,000
      4.50 Acres

      Residential Land in Kennesaw, GA

      Land parcel ideal for residential development in Kennesaw, Georgia.
      Watkins Glen Dr, Kennesaw, GA 30144
      View Details

    Similar Nearby for Lease

    • $1,995 /Mo
      1,836 SF

      Kennesaw Townhouse with Community Pool

      Three-bedroom, 2.5 bath townhouse in Olde Royal Regency neighborhood.
      4101 Royal Regency Cir NW, Kennesaw, GA 30144
      View Details
    • $2,000 /Mo
      1,598 SF

      Charming Townhouse Near KSU

      3-bedroom, 3-bathroom townhouse with a 1-bedroom studio in basement.
      1042 Kennesborough Rd NW, Kennesaw, GA 30144
      View Details
    • Contact for pricing
      26,980 SF

      3655 Cherokee Street

      Individual retail properties • 26,980 SF
      3655 Cherokee St, Kennesaw, GA 30144
      View Details
    • New
      $18 SF/Yr
      1,132 SF

      COMMERCIAL - Kennesaw, GA

      Move-in ready office suite near I-75, I-575, and KSU.
      1301 Shiloh Rd NW, Kennesaw, GA 30144
      View Details
    • Contact for pricing
      107,405 SF

      Kennesaw Ridge Flex Space Available

      Sublease opportunity: 2,655 sq ft flex space.
      3939 Royal Dr, Kennesaw, GA 30144
      View Details
    • Contact for pricing
      40,767 SF

      Shops at Shiloh Crossing Retail

      Kennesaw Retail Center: Four Spaces Available
      3940 Cherokee St, Kennesaw, GA 30144
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2650 Burrell NW Ct
    Kennesaw, GA 30144-3508
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.