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Property profile & analytics
OFF-MARKET
Estimated value
$83,670,000
Garden apartment buildings
2825 Main NW St Kennesaw, GA 30144-2703
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-3979348
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2015
Total area
269,464 SF
Lot
2.61 ac (113,779 SF)
Zoning code
CBD
APN
20013803170
UPID
US22-3979348
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
-
Gus's World Famous Fried Chicken Restaurant
-
365 cleaning LLC Hardware & Home Improvement
-
Revival on Main Apartments Apartment Complex Apartment Building
-
Bernie's Social Bar Restaurant
-
Honeysuckle Biscuits & Bakery Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$55.69M
Comparable Approach
Comparable
$89.22M
Blend (final)
Blend
$83.67M
Owner & transaction history
Sreit Revival On Main LLC · 4 yrs held
Sreit Revival On Main LLC
since 2022
Last sale
$82.2M
3 recorded transactions
Zoning & alternative use
CBD · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
the standards contained herein. When conflicts occur between requirements of these various regulatory documents, the most stringent standards should be followed. If a new construction or remodeling project is within the CBD but not a part of local historic district, the HPC is still required to comment on the project although final approval will be from Mayo…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
246.57 ac
Source
Home - City of Kennesaw
Top alternative use upside
Restaurant
$130.7M
+127.0%
Warehouse, storage
$101.1M
+75.6%
Medical building
$66.2M
+14.9%
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
$81,075,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$60,335,000
6.5%
$55,690,000
7%
$51,715,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$57,595,000
Current use
RESTAURANT
$130,720,000
Change: +127% · Conversion: Difficult
WAREHOUSE, STORAGE
$101,125,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$66,185,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$58,715,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$53,625,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$52,800,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$83.67M
Range $75.30M – $92.04M · ±10% · vs last sale $82.19M (Jan 18 2022)
Last sale anchor
$82.19M
Jan 18 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
$311 / 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
$866,472
Tax year 2024
Assessed value
$28,738,720
Assessed 2024
Previous assessed
$32,266,520
-10.9% YoY
Effective rate
3.01%
On assessed value
Assessed land
$735,028
Assessed improvement
$28,003,692
Land market value
$1,837,570
Improvement market value
$70,009,230
Total market value
$71,846,800
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
2015
Heating
NONE
Units
252
Total area
269,464 SF
Lot
2.61 ac (113,779 SF)
Zoning code
CBD
APN
20013803170
UPID
US22-3979348
Jurisdiction
COBB
Zoning & alternative use
CBD · Kennesaw, GAZoning CBD · permitted uses
CBD · Kennesaw, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
the standards contained herein. When conflicts occur between requirements of these various regulatory documents, the most stringent standards should be followed. If a new construction or remodeling project is within the CBD but not a part of local historic district, the HPC is still required to comment on the project although final approval will be from Mayor and Council. Design Review Submittal Scenario Requirements 1. Minor Land Disturba
Zone name
Central Business District
General category
COMMERCIAL
Zone area
246.57 ac
Source
Home - City of Kennesaw
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$57.6M
RESTAURANT
Est. value
$130.7M
WAREHOUSE, STORAGE
Est. value
$101.1M
MEDICAL BUILDING
Est. value
$66.2M
RETAIL STORES
Est. value
$58.7M
AUTO REPAIR, GARAGE
Est. value
$53.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$52.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
WAREHOUSE, STORAGE
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
2015
Heating
NONE
Units
252
Lot
2.61 ac
Current owner
From public records · entity-resolved
Sreit Revival On Main LLC
Entity
Mailing address
PO BOX 20197, ATLANTA, GA 30325-0197
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
$82,192,800
Sreit Revival On Main LLC
Strata Revival LLC
Limited Warranty Deed
$201,300,000 · Wells Fargo Bank NA
Jan 18, 2022
—
Sreit Revival On Main LLC
Strata Revival LLC
Quit Claim Deed
related
—
Mar 5, 2020
$21,025,000
Strata Revival LLC
Wilkinson Kennesaw I LLC
Grant Deed
$33,225,000 · Cbre Multifamily Cap
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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