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Property profile & analytics
OFF-MARKET
Estimated value
$7,235,000
Garden apartment buildings
4044 George Busbee NW Pkwy Kennesaw, GA 30144-7146
Entity Owned
17-yr Hold
Free & Clear
Property ID
US22-1028168
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2001
Total area
51,768 SF
Lot
4.6 ac (200,376 SF)
Zoning code
RM-12/WS
APN
20005900890
UPID
US22-1028168
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
-
Camden Shiloh Apartments Real Estate Agency
-
Peach State Custom Concrete Construction Company General Contractor
-
Spooks & Sam Apartment Complex
-
Dakota’s Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.45M
Blend (final)
Blend
$7.24M
Owner & transaction history
2009 Csp Community Owner LLC · 17 yrs held
2009 Csp Community Owner LLC
since 2009
2 recorded transactions
Zoning & alternative use
RM-12/WS · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Home - City of Kennesaw
Top alternative use upside
Retail stores
$11.3M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,065,000
Current use
RETAIL STORES
$11,280,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,300,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,145,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$7.24M
Range $6.51M – $7.96M · ±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
$140 / 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
$116,961
Tax year 2024
Assessed value
$3,879,312
Assessed 2024
Previous assessed
$3,879,312
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$551,348
Assessed improvement
$3,327,964
Land market value
$1,378,370
Improvement market value
$8,319,910
Total market value
$9,698,280
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
2001
Heating
NONE
Buildings
2
Units
50
Total area
51,768 SF
Lot
4.6 ac (200,376 SF)
Zoning code
RM-12/WS
APN
20005900890
UPID
US22-1028168
Jurisdiction
COBB
Zoning & alternative use
RM-12/WS · Kennesaw, GAZoning RM-12/WS · permitted uses
RM-12/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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$11.1M
RETAIL STORES
Est. value
$11.3M
AUTO REPAIR, GARAGE
Est. value
$10.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
APARTMENT HOUSE (5+ UNITS) Current
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
2
Units
50
Lot
4.6 ac
Current owner
From public records · entity-resolved
2009 Csp Community Owner LLC
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 27329, HOUSTON, TX 77227-7329
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2009
$4,771,400
2009 Csp Community Owner LLC
Camden Summit Ptshp
Warranty Deed
related
—
Apr 16, 2009
$4,771,367
2009 Csp Community Owner LLC
Camden,summit Partnership
Grant Deed
$420,000,000 · Red Mortgage Capital INC
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.
Try Rey
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