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Property profile & analytics
OFF-MARKET
Estimated value
$58,250,000
Garden apartment buildings
3725 George Busbee NW Pkwy Kennesaw, GA 30144-6617
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-1285194
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1995
Total area
320,248 SF
Lot
26.67 ac (1,161,614 SF)
Zoning code
RM-12
APN
16036000030
UPID
US22-1285194
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
-
Sigma Alpha Beta Tau Charitable Organization Social Service Agency
-
Sinolife Media & Entertainment Music Venue
-
Beyond Genius Computer & Electronic Repair Tech Support Center
-
TownPark Crossing Apartment Homes Apartment Complex Apartment Building
-
The Brielle Agency Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$66.19M
Comparable Approach
Comparable
$55.22M
Blend (final)
Blend
$58.25M
Owner & transaction history
Gep Xi Townpark LLC · 1 yrs held
Gep Xi Townpark LLC
since 2025
Last sale
$60.8M
7 recorded transactions
Zoning & alternative use
RM-12 · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RM-12 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 sewerage.
Zone name
Multifamily Residential 12 Units Per Acre
General category
CIVIC_INSTITUTIONAL
Zone area
144.94 ac
Source
Realmo
Top alternative use upside
Medical building
$78.7M
+14.9%
Retail stores
$69.8M
+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
$48,345,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$71,705,000
6.5%
$66,190,000
7%
$61,460,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$68,450,000
Current use
MEDICAL BUILDING
$78,660,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$69,780,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$63,735,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$62,750,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$58.25M
Range $52.43M – $64.08M · ±10% · vs last sale $60.75M (Feb 4 2025)
Last sale anchor
$60.75M
Feb 4 2025
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
$182 / 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
$536,311
Tax year 2024
Assessed value
$17,788,080
Assessed 2024
Previous assessed
$15,200,000
+17.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$4,228,276
Assessed improvement
$13,559,804
Land market value
$10,570,690
Improvement market value
$33,899,510
Total market value
$44,470,200
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1995
Heating
NONE
Buildings
7
Units
300
Total area
320,248 SF
Lot
26.67 ac (1,161,614 SF)
Zoning code
RM-12
APN
16036000030
UPID
US22-1285194
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Kennesaw, GAZoning RM-12 · permitted uses
RM-12 · Kennesaw, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RM-12 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 sewerage.
Zone name
Multifamily Residential 12 Units Per Acre
General category
CIVIC_INSTITUTIONAL
Zone area
144.94 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$68.5M
MEDICAL BUILDING
Est. value
$78.7M
RETAIL STORES
Est. value
$69.8M
AUTO REPAIR, GARAGE
Est. value
$63.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$62.8M
APARTMENT HOUSE (5+ UNITS) Current
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
1995
Heating
NONE
Buildings
7
Units
300
Lot
26.67 ac
Current owner
From public records · entity-resolved
Gep Xi Townpark LLC
Entity
Mailing address
1601 PO BOX 20197TH AVE STE #800, 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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2025
$60,750,000
Gep Xi Townpark LLC
Sreit Townpark Crossing Apartments
Deed
—
Jan 18, 2022
$75,220,800
Sreit Townpark Crossing Apartments
Strata Townpark LLC
Limited Warranty Deed
$201,300,000 · Wells Fargo Bank NA
Oct 6, 2020
—
Strata Townpark LLC
—
Deed
related
$2,425,000 · Cbre Cap Markets
Sep 30, 2016
$39,197,400
Strata Townpark LLC
Dra Townpark Crossing LLC
Grant Deed
$27,340,000 · Cbre Cap Markets
Sep 26, 2007
$25,500,000
Dra Town Pk Crossing LLC
Rownpark Crossing Prop LLC
Grant Deed
—
Sep 25, 2007
$25,500,000
Dra Townpark Crossing LLC
Townpark,crossing Properti
Grant Deed
related
—
—
—
Dra Townpark Crossing LLC
—
Deed Of Trust
related
$393,000,000 · Bank Of America
—
—
Strata Townpark LLC
—
Deed Of Trust
related
$2,425,000 · 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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