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Property profile & analytics
OFF-MARKET
Estimated value
$6,055,000
Hotels
3425 Busbee NW Dr Kennesaw, GA 30144-5595
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0876880
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1996
Total area
38,437 SF
Lot
2.07 ac (90,169 SF)
Zoning code
O&I/WS
APN
16043200090
UPID
US22-0876880
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
-
Fairfield Inn & Suites Atlanta Kennesaw Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.82M
Blend (final)
Blend
$6.06M
Owner & transaction history
Florida Business Development Corpor · 2 yrs held
Florida Business Development Corpor
since 2024
Last sale
$6.1M
5 recorded transactions
Zoning & alternative use
O&I/WS · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home - City of Kennesaw
Top alternative use upside
Medical building
$9.4M
+89.7%
Retail stores
$8.4M
+68.3%
Apartment house (5+ units)
$8.2M
+65.1%
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
$6,055,000
ML approach
$6,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,975,000
Current use
MEDICAL BUILDING
$9,440,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$8,375,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,215,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,650,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,530,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$6.06M
Range $5.45M – $6.66M · ±10% · vs last sale $6.05M (Jun 12 2024)
Last sale anchor
$6.05M
Jun 12 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
$158 / 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
$97,206
Tax year 2024
Assessed value
$3,224,080
Assessed 2024
Previous assessed
$3,221,000
+0.1% YoY
Effective rate
3.01%
On assessed value
Assessed land
$744,608
Assessed improvement
$2,479,472
Land market value
$1,861,520
Improvement market value
$6,198,680
Total market value
$8,060,200
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1996
Heating
NONE
Units
86
Total area
38,437 SF
Lot
2.07 ac (90,169 SF)
Zoning code
O&I/WS
APN
16043200090
UPID
US22-0876880
Jurisdiction
COBB
Zoning & alternative use
O&I/WS · Kennesaw, GAZoning O&I/WS · permitted uses
O&I/WS · 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
HOTEL/MOTEL Current
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$9.4M
RETAIL STORES
Est. value
$8.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$7.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
HOTEL/MOTEL Current
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1996
Heating
NONE
Units
86
Lot
2.07 ac
Current owner
From public records · entity-resolved
Florida Business Development Corpor
Entity
Mailing address
1715 NW SHR BLVD STE #780, TAMPA, FL 33607-3932
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
$2,507,000
Florida Business Development Corpor
Jasper Hospitality LLC
Deed
$3,500,000 · Rockpoint Bank NA
Jun 12, 2024
$6,052,600
Shivram INC
Ashford Kennesaw LP
Deed
$3,500,000 · Rockpoint Bank NA
Jun 12, 2024
—
Jasper Hospitality LLC
—
Deed
related
$2,450,000 · Shivran INC
Jul 28, 2004
$5,150,000
Ashford Kennesaw I LP
Town Center Partners
Deed Of Trust
related
$19,600,000 · Merrill Lynch Capital
—
—
Ashford Kennesaw I LP
—
Deed Of Trust
related
$60,000,000 · Calyon New York Branch
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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