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Property profile & analytics
OFF-MARKET
Estimated value
$3,495,000
Strip malls
2950 George Busbee NW Pkwy Kennesaw, GA 30144-6905
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1504992
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Total area
9,800 SF
Lot
0.98 ac (42,819 SF)
Zoning code
CRC
APN
16050200160
UPID
US22-1504992
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
-
McAlister's Deli Take-out & Catering
-
Rich Clean Hardware & Home Improvement
-
CnB Cafe Take-out & Catering Catering Service
-
Rich Cuts Barber Shop and Academy Barber Shop
-
CnB Coffee, Boba, Beneits and Donuts Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.65M
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$3.50M
Owner & transaction history
Sgm North Town Center Commons LLC · 4 yrs held
Sgm North Town Center Commons LLC
since 2021
Last sale
$4.4M
3 recorded transactions
Zoning & alternative use
CRC · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+147.6%
Warehouse, storage
$3.7M
+91.5%
Medical building
$2.4M
+25.4%
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
$3,660,000
ML approach
$3,645,000
CAP Approach
CAP Return
Estimation
6%
$2,625,000
6.5%
$2,425,000
7%
$2,250,000
Alternative Use
Use
Estimation
RESTAURANT
$4,755,000
Change: +148% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,680,000
Change: +92% · Conversion: Difficult
MEDICAL BUILDING
$2,405,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$2,135,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$3.50M
Range $3.15M – $3.84M · ±10% · vs last sale $4.40M (Aug 27 2021)
Last sale anchor
$4.40M
Aug 27 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
$357 / 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
$26,016
Tax year 2024
Assessed value
$862,880
Assessed 2024
Previous assessed
$862,000
+0.1% YoY
Effective rate
3.02%
On assessed value
Assessed land
$282,976
Assessed improvement
$579,904
Land market value
$707,440
Improvement market value
$1,449,760
Total market value
$2,157,200
Applied tax rate
9.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Heating
NONE
Total area
9,800 SF
Lot
0.98 ac (42,819 SF)
Zoning code
CRC
APN
16050200160
UPID
US22-1504992
Jurisdiction
COBB
Zoning & alternative use
CRC · Kennesaw, GA
Zoning CRC · permitted uses
CRC · 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
RESTAURANT
Est. value
$4.8M
WAREHOUSE, STORAGE
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.1M
RESTAURANT
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
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
2001
Heating
NONE
Lot
0.98 ac
Current owner
From public records · entity-resolved
Sgm North Town Center Commons LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2001 E HILLSIDE DR LOT #1, BLOOMINGTON, IN 47401-6692
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2021
$4,400,000
Sgm North Town Center Commons LLC
J C K Properties LLC
Limited Warranty Deed
—
Aug 27, 2021
—
Sgm North Town Center Commons LLC
J C K Properties LLC
Quit Claim Deed
related
—
Jan 11, 2013
—
J C K Properties LLC
—
Deed Of Trust
related
$2,500,000 · American Equity Inv Life Ins
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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