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Property profile & analytics
OFF-MARKET
Estimated value
$29,270,000
High-rise multifamily apartments
3050 Cobb NW Pkwy Kennesaw, GA 30152-6542
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1662955
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2003
Total area
204,948 SF
Lot
15 ac (653,400 SF)
Zoning code
RM-8
APN
20012500140
UPID
US22-1662955
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
-
Cobblestone Landing Apartments Apartment Building Apartment Complex
-
Carolina HVAC & More LLC HVAC Service General Contractor
-
Charmaine P. Santos/financialeducationservices.com Financial Advisor
-
Jobsite. Future Warehouse Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.71M
Blend (final)
Blend
$29.27M
Owner & transaction history
Sreit Cobblestone Kennesaw LLC · 4 yrs held
Sreit Cobblestone Kennesaw LLC
since 2022
Last sale
$28.3M
6 recorded transactions
Zoning & alternative use
RM-8 · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RM-8 multiple family residential district is established to provide locations for multifamily residential uses or residentially compatible institutional and recreational uses at high densities as defined under the City of Kennesaw Comprehensive Land Use Plan, and as may be amended from time to time, with access to both public water and sewer.
Zone name
Multifamily Residential 4 Units Per Acre
General category
CIVIC_INSTITUTIONAL
Zone area
75.18 ac
Source
Realmo
Top alternative use upside
Retail stores
$44.7M
+1.9%
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
$29,270,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$43,805,000
Current use
RETAIL STORES
$44,655,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$40,785,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$40,160,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$29.27M
Range $26.34M – $32.20M · ±10% · vs last sale $28.27M (May 16 2022)
Last sale anchor
$28.27M
May 16 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
$143 / 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
$328,792
Tax year 2024
Assessed value
$10,905,200
Assessed 2024
Previous assessed
$10,891,920
+0.1% YoY
Effective rate
3.02%
On assessed value
Assessed land
$3,737,448
Assessed improvement
$7,167,752
Land market value
$9,343,620
Improvement market value
$17,919,380
Total market value
$27,263,000
Applied tax rate
1.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2003
Heating
NONE
Buildings
6
Units
172
Total area
204,948 SF
Lot
15 ac (653,400 SF)
Zoning code
RM-8
APN
20012500140
UPID
US22-1662955
Jurisdiction
COBB
Zoning & alternative use
RM-8 · Kennesaw, GAZoning RM-8 · permitted uses
RM-8 · Kennesaw, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RM-8 multiple family residential district is established to provide locations for multifamily residential uses or residentially compatible institutional and recreational uses at high densities as defined under the City of Kennesaw Comprehensive Land Use Plan, and as may be amended from time to time, with access to both public water and sewer.
Zone name
Multifamily Residential 4 Units Per Acre
General category
CIVIC_INSTITUTIONAL
Zone area
75.18 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$43.8M
RETAIL STORES
Est. value
$44.7M
AUTO REPAIR, GARAGE
Est. value
$40.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$40.2M
APARTMENT HOUSE (5+ UNITS) Current
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
2003
Heating
NONE
Buildings
6
Units
172
Lot
15 ac
Current owner
From public records · entity-resolved
Sreit Cobblestone Kennesaw LLC
Entity
Mailing address
591 W PUTNAM AVE, GREENWICH, CT 06830-6005
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
$28,273,200
Sreit Cobblestone Kennesaw LLC
Cobblestone Landing LP
Limited Warranty Deed
—
May 16, 2022
—
Sreit Cobblestone Kennesaw LLC
Cobblestone Landing LP
Intrafamily Transfer
related
$19,311,000 · Cbre Capital Markets INC
Dec 27, 2018
—
Cobblestone Landing LP
—
Deed
related
$12,048,000 · Greystone Svcg
Jul 20, 2016
—
Cobblestone Landing LP
—
Deed
related
$10,600,000 · Cbre Cap Markets
—
—
Cobblestone Landing LP
—
Deed Of Trust
related
$12,048,000 · Greystone Svcg
—
—
Cobblestone Landing LP
—
Deed Of Trust
related
$10,600,000 · Cbre Cap Markets
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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