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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Investment properties
2886 Cherokee NW St Kennesaw, GA 30144-2800
Entity Owned
1-yr Hold
Absentee Owner
Property ID
US22-1374481
Property summary
AI-generated overview
This exceptional 2,048 sq ft QSR/Restaurant in Kennesaw, GA, presents a unique investment opportunity. Located at 2886 Cherokee St NW, this charming, two-story building, originally constructed in 1909, underwent a complete 20-month renovation in 2023, overseen by the City of Kennesaw and its Historic Preservation Commission. The property boasts a captivating wrap-around porch, ample indoor seating for 49 guests, a functional fireplace, and ADA accessibility features including a ramp and two ADA-compliant restrooms. Outdoor amenities include a fenced picnic area, cornhole/bocce ball court, a fire pit with seating, park benches, and a picturesque setting under magnolia trees. A renovated two-story barn with electricity and water access is also included. The 0.5-acre lot is situated in Kennesaw's historic and entertainment district, a contributing property to the National Register of Historic Places. This property is zoned CBD and offers a blend of historical significance and modern amenities, making it an ideal owner-user investment. The asking price is $1,250,000 ($610.35/sq ft).
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1893
Total area
1,920 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CBD
APN
20013800110
UPID
US22-1374481
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
-
Lazy Labrador Coffee House Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
La Queen Lllp · 1 yrs held
La Queen Lllp
since 2025
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
CBD · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$720,000
+180.9%
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
$1,035,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$720,000
Change: +181% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10% · vs last sale $1.30M (Mar 3 2025)
Last sale anchor
$1.30M
Mar 3 2025
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
$609 / 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
$7,968
Tax year 2024
Assessed value
$264,284
Assessed 2024
Previous assessed
$168,136
+57.2% YoY
Effective rate
3.01%
On assessed value
Assessed land
$188,724
Assessed improvement
$75,560
Land market value
$471,810
Improvement market value
$188,900
Total market value
$660,710
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1893
Heating
YES
Stories
1
Rooms
6
Bathrooms
1
Total area
1,920 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CBD
APN
20013800110
UPID
US22-1374481
Jurisdiction
COBB
Zoning & alternative use
CBD · Kennesaw, GA
Zoning CBD · permitted uses
CBD · 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
WAREHOUSE, STORAGE
Est. value
$720,000
WAREHOUSE, STORAGE
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
1893
Heating
YES
Stories
1
Rooms
6
Bathrooms
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
La Queen Lllp
Entity
Mailing address
3215 WATERHOUSE ST NW, KENNESAW, GA 30152-7852
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2025
$1,300,000
La Queen Lllp
Lazy Labrador Real Estate Holdings
Deed
$910,000 · Ocmbc INC
Jun 15, 2020
—
Lazy Labrador R & E Hldgs LLC
Lazy Labrador LLC
Quit Claim Deed
related
—
Feb 17, 2020
$450,000
Lazy Labrador LLC
Tammy K Stowe
Grant Deed
$350,000 · Finemark Nat'l Bk&tr
Nov 9, 2018
—
Tammy K Stowe
Parker,james D
Warranty Deed
related
—
—
—
James D Parker
—
Deed Of Trust
related
$101,090 · Branch Banking & Trust Co
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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