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Property profile & analytics
OFF-MARKET
Estimated value
$7,930,000
Garden apartment buildings
3061 George Busbee NW Pkwy 30144 Kennesaw, GA 30144-6807
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-1673534
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Total area
35,085 SF
Lot
3.77 ac (164,395 SF)
Zoning code
RRC
APN
16050300030
UPID
US22-1673534
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
-
Harold's Chicken KSU Restaurant
-
Independent Grounds Cafe Cafe & Coffee Shop
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Bixby Kennesaw Apartment Complex
-
Bixby Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.06M
CAP Approach
CAP
$7.25M
Comparable Approach
Comparable
$8.48M
Blend (final)
Blend
$7.93M
Owner & transaction history
Ksu Bixby Real Estate Foundation Ll · 1 yrs held
Ksu Bixby Real Estate Foundation Ll
since 2025
7 recorded transactions
Zoning & alternative use
RRC · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home - City of Kennesaw
Top alternative use upside
Warehouse, storage
$13.2M
+75.6%
Medical building
$8.6M
+14.9%
Retail stores
$7.6M
+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
by Request
ML approach
$8,055,000
CAP Approach
CAP Return
Estimation
6%
$7,855,000
6.5%
$7,250,000
7%
$6,735,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,500,000
Current use
WAREHOUSE, STORAGE
$13,165,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$8,620,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$7,645,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,980,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,875,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$7.93M
Range $7.14M – $8.72M · ±10%
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
$226 / 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
$870,732
Tax year 2024
Assessed value
$28,880,000
Assessed 2024
Previous assessed
$32,133,320
-10.1% YoY
Effective rate
3.02%
On assessed value
Assessed land
$686,604
Assessed improvement
$28,193,396
Land market value
$1,716,510
Improvement market value
$70,483,490
Total market value
$72,200,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Heating
NONE
Buildings
4
Units
179
Total area
35,085 SF
Lot
3.77 ac (164,395 SF)
Zoning code
RRC
APN
16050300030
UPID
US22-1673534
Jurisdiction
COBB
Zoning & alternative use
RRC · Kennesaw, GAZoning RRC · permitted uses
RRC · Kennesaw, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home - City of Kennesaw
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.5M
WAREHOUSE, STORAGE
Est. value
$13.2M
MEDICAL BUILDING
Est. value
$8.6M
RETAIL STORES
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
Heating
NONE
Buildings
4
Units
179
Lot
3.77 ac
Current owner
From public records · entity-resolved
Ksu Bixby Real Estate Foundation Ll
Individual
Mailing address
PO BOX 20197, ATLANTA, GA 30325-0197
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
—
Ksu Bixby Real Estate Foundation Ll
Ksu Gl Bixby LLC
Deed
—
Mar 26, 2025
—
Fifth Third Bank
Fifth Third Bank National Associati
Deed
related
—
Dec 30, 2024
$99,000,000
Ksu Blvd Real Foundation LLC
301 George Bashbed Owner LP
Deed
—
Sep 28, 2021
$63,716,000
3061 George Busbee Owner LP
Gd Kennesaw LLC
Limited Warranty Deed
$10,000 · Helaba
Apr 10, 2019
—
Gd Kennesaw LLC
—
Deed
related
$45,500,000 · Santander Bank
Mar 8, 2019
—
Richard D Henry
Cobb County
Quit Claim Deed
related
—
Oct 11, 2018
—
Cobb County
Gd Kennesaw LLC
Grant Deed
related
—
Dec 14, 2017
—
Gd Kennesaw LLC
Recreation Rsrcs Of Town Center I
Quit Claim Deed
related
—
Dec 14, 2017
$4,639,200
Gd Kennesaw LLC
Recreation Rsrcs Of Town Center I
Grant Deed
—
May 10, 2005
—
Recreation Resources Of Town Ctr In
Cobb County
Quit Claim Deed
related
—
—
—
Recreation Rsrcs Town Ctr INC
—
Deed Of Trust
related
$1,032,823 · Regions Bank
—
—
Recreation Resources Of Town Center
—
Deed Of Trust
related
$1,400,000 · Washington Mutual Fsb
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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