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Property profile & analytics
OFF-MARKET
Estimated value
$26,395,000
Garden apartment buildings
2891 Lewis NW St Kennesaw, GA 30144-5630
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0874213
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1900
Total area
2,685 SF
Lot
1.25 ac (54,326 SF)
Zoning code
CBD
APN
20013900230
UPID
US22-0874213
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
-
Bergert Rebecca R Counselor
-
Kresge Elizabeth M Counselor
-
Park at Main Apartment Homes Apartment Complex Apartment Building
-
Legendary Graphics Inc Marketing & Advertising Advertising Agency
-
Whitworth Elaine A Counselor Social Worker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.40M
Owner & transaction history
2891 Lewis Street LLC · 5 yrs held
2891 Lewis Street LLC
since 2021
Last sale
$31.8M
7 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
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.40M
Range $23.76M – $29.03M · ±10% · vs last sale $31.75M (May 20 2021)
Last sale anchor
$31.75M
May 20 2021
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
$9,831 / 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
$339,910
Tax year 2024
Assessed value
$11,273,956
Assessed 2024
Previous assessed
$11,273,956
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$70,224
Assessed improvement
$11,203,732
Land market value
$175,560
Improvement market value
$28,009,330
Total market value
$28,184,890
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
1900
Heating
YES
Buildings
24
Stories
2
Units
132
Rooms
7
Bathrooms
1
Total area
2,685 SF
Lot
1.25 ac (54,326 SF)
Zoning code
CBD
APN
20013900230
UPID
US22-0874213
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
Building & site characteristics
From public records
Year built
1900
Heating
YES
Stories
2
Buildings
24
Units
132
Rooms
7
Bathrooms
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
2891 Lewis Street LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3621 VININGS SLOPE SE STE #4400, ATLANTA, GA 30339-4194
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
$31,750,000
2891 Lewis Street LLC
Lewis House At Kennesaw LLC
Limited Warranty Deed
—
May 20, 2021
—
2891 Lewis Street LLC
Lewis House At Kennesaw LLC
Intrafamily Transfer
related
$19,050,000 · Metlife Real Estate Lending LLC
Jun 16, 2017
—
Northwind Apartments LLC
Sea 136 LLC
Quit Claim Deed
related
—
Aug 4, 2014
$860,000
Dallas & Main LLC
Dallas Street Lofts LLC
Grant Deed
related
—
Jul 5, 2007
$555,000
Dallas St Lofts LLC
Williams,mark L
Warranty Deed
—
Jul 5, 2007
—
Dallas St Lofts LLC
Williams,mark L
Quit Claim Deed
related
$600,000 · Primary Capital Advisors Lc
—
—
Dallas Street Lofts LLC
—
Deed Of Trust
related
$600,000 · Cornerstone Bank
—
—
Dallas Street Lofts LLC
—
Deed Of Trust
related
$400,000 · Cornerstone Bank
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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