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Property profile & analytics
OFF-MARKET
Estimated value
$9,345,000
Office buildings
500 Chastain Ctr NW Blvd Kennesaw, GA 30144-5566
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-4709718
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
76,016 SF
Lot
8.7 ac (379,059 SF)
Zoning code
OS/WS
APN
16043000050
UPID
US22-4709718
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
-
Aarons IT Business Service Center Corporate Office
-
The Studio Corporate Office
-
Triton Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.68M
Blend (final)
Blend
$9.35M
Owner & transaction history
Board Of Regents Of Univ System Of · 1 yrs held
Board Of Regents Of Univ System Of
since 2025
7 recorded transactions
Zoning & alternative use
OS/WS · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.1M
+44.4%
Neighborhood: shopping center
$14.9M
+42.2%
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
OFFICE BUILDING
$10,475,000
Current use
AUTO REPAIR, GARAGE
$15,130,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,895,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$9.35M
Range $8.41M – $10.28M · ±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
$123 / 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
$129,878
Tax year 2024
Assessed value
$3,694,968
Assessed 2024
Previous assessed
$3,694,968
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$1,062,336
Assessed improvement
$2,632,632
Land market value
$2,655,840
Improvement market value
$6,581,580
Total market value
$9,237,420
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Heating
NONE
Total area
76,016 SF
Lot
8.7 ac (379,059 SF)
Zoning code
OS/WS
APN
16043000050
UPID
US22-4709718
Jurisdiction
COBB
Zoning & alternative use
OS/WS · Kennesaw, GA
Zoning OS/WS · permitted uses
OS/WS · 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
OFFICE BUILDING Current
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$15.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.9M
OFFICE BUILDING Current
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
1987
Heating
NONE
Lot
8.7 ac
Current owner
From public records · entity-resolved
Board Of Regents Of Univ System Of
Individual
Free & Clear · 1 yrs held
Mailing address
3400 PEACHTREE RD NE STE #100, ATLANTA, GA 30326-1663
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2025
—
Board Of Regents Of Univ System Of
Ksu 500 Chastain Real Estate Fndn L
Deed
—
May 6, 2025
—
Ksu 500 Chastain Real Estate Fndn L
Glen Chastain LLC
Quitclaim Deed
related
—
May 6, 2025
$15,750,000
Ksu 500 Chastain Real Estate Fndn L
Glen Chastain LLC
Deed
—
Dec 4, 2019
$46,100,000
Glen Chastain LLC
Kennesaw Commerce Center LLC
Grant Deed
$33,600,000 · Delta Cmnty Cu
Dec 4, 2019
—
Glen Chastain LLC
Kennesaw Commerce Center LLC
Quit Claim Deed
related
—
May 24, 2019
—
Kennesaw Commerce Center LLC
—
Loan Modification
related
$25,772,000 · Iberiabank
Jan 18, 2019
—
Kennesaw Commerce Center LLC
—
Deed
related
$2,000,000 · Iberiabank
Jan 29, 2016
—
Kennesaw Commerce Center LLC
Realty Chastai 3 Parthenon
Quit Claim Deed
related
$20,300,000 · Iberiabank
Jul 24, 2006
$454,598
Parthenon Rlty Chastain Invest
Parthenon Realty Chastain Inves
Grant Deed
related
—
Jul 14, 2006
—
Parthenon Rlty Chastain Invtrs
Owner Name Unavailable
Grant Deed
related
—
Jun 2, 2006
$15,329,015
Parthenon Realty Chastain Invest Etal
Parthenon Realty Chastain Invest
Grant Deed
related
—
Apr 5, 2006
$26,894,412
Parthenon Realty Chastain Etal
Parthenon Realty Chastain Inve
Grant Deed
related
—
Feb 7, 2006
$37,865,000
Parthenon Realty Chastain Invest
Chastain Center Associates
Grant Deed
related
$28,399,000 · Countrywide Com'l R E Fin
—
—
Kennesaw Commerce Center LLC
—
Loan Modification
related
$2,000,000 · Iberiabank
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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