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Property profile & analytics
OFF-MARKET
Estimated value
$12,165,000
Outlet malls
2911 George Busbee NW Pkwy Kennesaw, GA 30144-6908
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1822694
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1996
Total area
152,860 SF
Lot
12.02 ac (523,461 SF)
Zoning code
GC
APN
16050300060
UPID
US22-1822694
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
-
Reach Your Potential Fitness (RYP Fit) Gym & Fitness Center
-
Medici Integrative Medicine Physician
-
Medici Spine & Pain Physician
-
Pace Yourself To Health Gym & Fitness Center Alternative Medicine Practice
-
PGA TOUR Superstore Golf Course (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.17M
Owner & transaction history
Coro Noonday Venture LLC · 2 yrs held
Coro Noonday Venture LLC
since 2023
Last sale
$14.5M
3 recorded transactions
Zoning & alternative use
GC · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$9,400,000
ML approach
$8,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.17M
Range $10.95M – $13.38M · ±10% · vs last sale $14.50M (Nov 6 2023)
Last sale anchor
$14.50M
Nov 6 2023
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
$80 / 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
$200,355
Tax year 2024
Assessed value
$5,700,000
Assessed 2024
Previous assessed
$6,820,400
-16.4% YoY
Effective rate
3.52%
On assessed value
Assessed land
$2,517,752
Assessed improvement
$3,182,248
Land market value
$6,294,380
Improvement market value
$7,955,620
Total market value
$14,250,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1996
Heating
NONE
Total area
152,860 SF
Lot
12.02 ac (523,461 SF)
Zoning code
GC
APN
16050300060
UPID
US22-1822694
Jurisdiction
COBB
Zoning & alternative use
GC · Kennesaw, GA
Zoning GC · permitted uses
GC · 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.
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Lot
12.02 ac
Current owner
From public records · entity-resolved
Coro Noonday Venture LLC
Entity
Free & Clear · 2 yrs held
Mailing address
537 MARKET ST STE #400, CHATTANOOGA, TN 37402-1287
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Nov 6, 2023
$14,500,000
Coro Noonday Venture LLC
Bright Meyers Kennesaw Associates L
Limited Warranty Deed
—
Jun 1, 2004
$5,000,000
Bright-meyers Kennesaw Assocs LP
Wal-mart Stores INC
Grant Deed
—
—
—
Bright-meyers Kennesaw Assocs
—
Deed Of Trust
related
$9,712,000 · Protective Life Insurance 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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