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Property profile & analytics
OFF-MARKET
Estimated value
$3,225,000
Strip malls
3655 Cherokee NW St Kennesaw, GA 30144-2026
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1539519
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
26,980 SF
Lot
3.43 ac (149,411 SF)
Zoning code
NRC
APN
20009202350
UPID
US22-1539519
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
-
Roof US Roofing Company General Contractor
-
Kennesaw Health and Wellness Alternative Medicine Practice
-
Owlz Pub Bar & Pub
-
Swipejobs for Premier Employee Solutions Employment Agency
-
Dr. Elahe Tillman Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.12M
Blend (final)
Blend
$3.23M
Owner & transaction history
Multi Investments LLC · 6 yrs held
Multi Investments LLC
since 2020
Last sale
$3.2M
6 recorded transactions
Zoning & alternative use
NRC · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.4M
+1.6%
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
$3,285,000
ML approach
$3,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,285,000
Current use
AUTO REPAIR, GARAGE
$5,370,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.23M
Range $2.90M – $3.55M · ±10% · vs last sale $3.20M (May 27 2020)
Last sale anchor
$3.20M
May 27 2020
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
$120 / 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
$43,698
Tax year 2024
Assessed value
$1,449,360
Assessed 2024
Previous assessed
$1,171,800
+23.7% YoY
Effective rate
3.01%
On assessed value
Assessed land
$534,748
Assessed improvement
$914,612
Land market value
$1,336,870
Improvement market value
$2,286,530
Total market value
$3,623,400
Applied tax rate
3.0000
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
1986
Heating
NONE
Buildings
3
Total area
26,980 SF
Lot
3.43 ac (149,411 SF)
Zoning code
NRC
APN
20009202350
UPID
US22-1539519
Jurisdiction
COBB
Zoning & alternative use
NRC · Kennesaw, GA
Zoning NRC · permitted uses
NRC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
1986
Heating
NONE
Buildings
3
Lot
3.43 ac
Current owner
From public records · entity-resolved
Multi Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1134 GAVINWOOD PL, DECATUR, GA 30033-3780
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 27, 2020
$3,200,000
Multi Investments LLC
Adato Family Properties II LLC
Limited Warranty Deed
—
May 27, 2020
—
Multi Investments LLC
Adato Family Properties II LLC
Quit Claim Deed
related
—
Jun 15, 2016
$108,000
Adato Family Properties II LLC
Norman Road LLC
Grant Deed
$1,300,000 · Quantum Nat'l Bk
Jul 13, 2007
$2,900,000
Adato Family Props II LLC
Shiloh Place Shopping Ctr LLC
Deed
$2,420,000 · Wachovia Bk
Jul 10, 2007
$2,900,000
Adato Family Properties II LLC
Shiloh,place Shopping Cent
Grant Deed
—
—
—
Multi Investments LLC
—
Deed Of Trust
related
$3,072,000 · First American Bk
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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