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Property profile & analytics
OFF-MARKET
Estimated value
$45,100,000
Garden apartment buildings
3091 Cobb NW Pkwy Kennesaw, GA 30152-5891
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1143991
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2001
Total area
218,433 SF
Lot
26.38 ac (1,149,113 SF)
Zoning code
C2/R-8
APN
20012400090
UPID
US22-1143991
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
-
RTIMARKETING Marketing & Advertising Advertising Agency
-
THIS AND THAT/Online Shopping Department Store
-
AccuKnox Technology Assistance Security Service
-
Elli + Row Photography Wedding Service Photography Service
-
Albert Electric Inc Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$45.10M
CAP Approach
CAP
$45.15M
Comparable Approach
Comparable
$51.58M
Blend (final)
Blend
$45.10M
Owner & transaction history
Broadtree Walden Ridge LLC · 1 yrs held
Broadtree Walden Ridge LLC
since 2024
Last sale
$45.1M
7 recorded transactions
Zoning & alternative use
C2/R-8 · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home - City of Kennesaw
Top alternative use upside
Office building
$66.2M
+41.8%
Medical building
$53.7M
+14.9%
Retail stores
$47.6M
+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
$45,100,000
ML approach
$45,100,000
CAP Approach
CAP Return
Estimation
6%
$48,905,000
6.5%
$45,145,000
7%
$41,920,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$46,690,000
Current use
OFFICE BUILDING
$66,205,000
Change: +42% · Conversion: Moderate
MEDICAL BUILDING
$53,650,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$47,595,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$43,470,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$42,800,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$45.10M
Range $40.59M – $49.61M · ±10% · vs last sale $45.10M (Dec 16 2024)
Last sale anchor
$45.10M
Dec 16 2024
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
$206 / 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
$488,536
Tax year 2024
Assessed value
$16,203,520
Assessed 2024
Previous assessed
$13,400,000
+20.9% YoY
Effective rate
3.01%
On assessed value
Assessed land
$6,572,928
Assessed improvement
$9,630,592
Land market value
$16,432,320
Improvement market value
$24,076,480
Total market value
$40,508,800
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
9
Units
210
Total area
218,433 SF
Lot
26.38 ac (1,149,113 SF)
Zoning code
C2/R-8
APN
20012400090
UPID
US22-1143991
Jurisdiction
COBB
Zoning & alternative use
C2/R-8 · Kennesaw, GAZoning C2/R-8 · permitted uses
C2/R-8 · 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
$46.7M
OFFICE BUILDING
Est. value
$66.2M
MEDICAL BUILDING
Est. value
$53.7M
RETAIL STORES
Est. value
$47.6M
AUTO REPAIR, GARAGE
Est. value
$43.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$42.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
Year built
2001
Heating
NONE
Buildings
9
Units
210
Lot
26.38 ac
Current owner
From public records · entity-resolved
Broadtree Walden Ridge LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6191 N STATE HWY 161ST BLVD E STE #100, IRVING, TX 75038-2290
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
—
Broadtree Walden Ridge LLC
Fannie Mae
Quitclaim Deed
related
—
Nov 21, 2024
$45,100,000
Walden Ridge Apartments LLC
Broadtree Walden Ridge LLC
Deed
—
Nov 15, 2017
—
Broadtree Walden Ridge LLC
Walden Ridge-ucm Of Michelson LLC
Quit Claim Deed
related
—
Nov 15, 2017
$35,950,000
Broadtree Walden Ridge LLC
Walden Ridge-ucm Of Michelson LLC
Grant Deed
related
$23,590,000 · Jones Lang Lasalle Multifamily
Nov 30, 2015
—
Walden Ridge-ucm Of Michelson LLC
Walden Ridge Apartments LLC
Quit Claim Deed
related
$15,200,000 · Bank Of America
Sep 28, 2005
$16,950,000
Walden Ridge-ucm Of Michelson LLC
Walden Ridge Apartments LLC
Grant Deed
—
—
—
Courtney Giampa
—
Deed Of Trust
related
$116,960 · Cit Group
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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