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Property profile & analytics
OFF-MARKET
Estimated value
$50,920,000
Garden apartment buildings
50 Walton Grn NW Way Kennesaw, GA 30144-1295
Trust Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1699217
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1996
Total area
316,088 SF
Lot
18.27 ac (795,972 SF)
Zoning code
GC
APN
20006000030
UPID
US22-1699217
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
-
Shiloh Green Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$65.33M
Comparable Approach
Comparable
$62.83M
Blend (final)
Blend
$50.92M
Owner & transaction history
Mullin,ronald J Trust · 7 yrs held
Mullin,ronald J Trust
since 2019
Last sale
$49.2M
6 recorded transactions
Zoning & alternative use
GC · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GC district is established to provide locations for retail commercial and service uses which are oriented toward diverse range businesses that are service and product intensive with a need for major road access and visibility.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
184.02 ac
Source
Realmo
Top alternative use upside
Medical building
$77.6M
+14.9%
Retail stores
$68.9M
+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
$50,540,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$70,770,000
6.5%
$65,330,000
7%
$60,660,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$67,560,000
Current use
MEDICAL BUILDING
$77,640,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$68,870,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$62,905,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$61,935,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$50.92M
Range $45.83M – $56.01M · ±10% · vs last sale $49.20M (Sep 30 2020)
Last sale anchor
$49.20M
Sep 30 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
$161 / 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
$610,237
Tax year 2024
Assessed value
$20,240,040
Assessed 2024
Previous assessed
$17,068,720
+18.6% YoY
Effective rate
3.01%
On assessed value
Assessed land
$795,972
Assessed improvement
$19,444,068
Land market value
$1,989,930
Improvement market value
$48,610,170
Total market value
$50,600,100
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
1996
Heating
NONE
Buildings
6
Units
236
Total area
316,088 SF
Lot
18.27 ac (795,972 SF)
Zoning code
GC
APN
20006000030
UPID
US22-1699217
Jurisdiction
COBB
Zoning & alternative use
GC · Kennesaw, GAZoning GC · permitted uses
GC · Kennesaw, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GC district is established to provide locations for retail commercial and service uses which are oriented toward diverse range businesses that are service and product intensive with a need for major road access and visibility.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
184.02 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$67.6M
MEDICAL BUILDING
Est. value
$77.6M
RETAIL STORES
Est. value
$68.9M
AUTO REPAIR, GARAGE
Est. value
$62.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$61.9M
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
1996
Heating
NONE
Buildings
6
Units
236
Lot
18.27 ac
Current owner
From public records · entity-resolved
Mullin,ronald J Trust
Trust
Free & Clear · 7 yrs held
Mailing address
1 TOWN CTR RD STE #300, BOCA RATON, FL 33486-1014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Sep 30, 2020
—
Kennesaw Properties I LLC
—
Deed
related
$34,150,000 · Wells Fargo Bk
Feb 28, 2019
$20,000,000
Mullin,ronald J Trust
Rancho Sadiego LLC
Grant Deed
—
Jan 14, 2005
$20,500,000
Rancho San Diego LLC
Walton Green
Grant Deed
—
Jan 14, 2005
—
Rancho San Diego LLC
Walton Green
Deed Of Trust
related
$13,500,000 · Federal Home Loan Mortgage Cor
—
—
Rancho San Diego LLC
—
Deed Of Trust
related
$17,625,000 · Cbre Capital Markets INC
—
—
Kennesaw Properties I LLC
—
Deed Of Trust
related
$34,150,000 · Wells Fargo 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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