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Property profile & analytics
OFF-MARKET
Estimated value
$34,200,000
Garden apartment buildings
3995 Frey NW Rd Kennesaw, GA 30144-6700
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1997839
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2012
Total area
181,526 SF
Lot
6.52 ac (283,880 SF)
Zoning code
RM-12
APN
20005901800
UPID
US22-1997839
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
-
U Club on Frey Apartment Complex Furnished Apartment Building
-
Jarrett Apartment Apartment Building
-
Eveluxurystore Clothing Supplier
-
Simple Digital Marketing Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$37.52M
Comparable Approach
Comparable
$44.81M
Blend (final)
Blend
$34.20M
Owner & transaction history
Acc Op Frey LLC · 3 yrs held
Acc Op Frey LLC
since 2022
1 recorded transaction
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
$44.6M
+14.9%
Retail stores
$39.6M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$40,645,000
6.5%
$37,515,000
7%
$34,840,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$38,800,000
Current use
MEDICAL BUILDING
$44,585,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$39,555,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$36,125,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$35,570,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$34.20M
Range $30.78M – $37.62M · ±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
$188 / 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
$435,224
Tax year 2024
Assessed value
$14,435,303
Assessed 2024
Previous assessed
$14,435,303
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$1,160,180
Assessed improvement
$13,275,123
Land market value
$2,900,450
Improvement market value
$33,187,808
Total market value
$36,088,258
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2012
Heating
NONE
Buildings
6
Units
114
Total area
181,526 SF
Lot
6.52 ac (283,880 SF)
Zoning code
RM-12
APN
20005901800
UPID
US22-1997839
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
$38.8M
MEDICAL BUILDING
Est. value
$44.6M
RETAIL STORES
Est. value
$39.6M
AUTO REPAIR, GARAGE
Est. value
$36.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$35.6M
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
2012
Heating
NONE
Buildings
6
Units
114
Lot
6.52 ac
Current owner
From public records · entity-resolved
Acc Op Frey LLC
Entity
Mailing address
PO BOX 530292, BIRMINGHAM, AL 35253-0292
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2022
—
Acc Op Frey LLC
—
Deed
related
$154,530,000 · Wells Fargo Bank NA
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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