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Property profile & analytics
OFF-MARKET
Estimated value
$16,975,000
Office buildings
600 Townpark NW Ln Kennesaw, GA 30144-3729
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1651304
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Total area
139,842 SF
Lot
7.81 ac (340,035 SF)
Zoning code
OMR/WS
APN
16036200090
UPID
US22-1651304
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
-
TownPark Ravine Business Service Center Corporate Office
-
ANCI, Inc. Corporate Office
-
Marshall Patrice Y MD Physician
-
Barry Butler - Ameris Bank Mortgage Loan Service Bank
-
Bibby Financial Services Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.82M
Blend (final)
Blend
$16.98M
Owner & transaction history
Townpark Hotel LLC · 11 yrs held
Townpark Hotel LLC
since 2015
3 recorded transactions
Zoning & alternative use
OMR/WS · Kennesaw, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$27.8M
+44.4%
Neighborhood: shopping center
$27.4M
+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
$19,275,000
Current use
AUTO REPAIR, GARAGE
$27,830,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$27,400,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$16.98M
Range $15.28M – $18.67M · ±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
$121 / 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
$239,020
Tax year 2024
Assessed value
$6,800,000
Assessed 2024
Previous assessed
$6,800,000
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$1,531,676
Assessed improvement
$5,268,324
Land market value
$3,829,190
Improvement market value
$13,170,810
Total market value
$17,000,000
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 (MULTI-STORY)
Status
Off-Market
Year built
2001
Heating
NONE
Total area
139,842 SF
Lot
7.81 ac (340,035 SF)
Zoning code
OMR/WS
APN
16036200090
UPID
US22-1651304
Jurisdiction
COBB
Zoning & alternative use
OMR/WS · Kennesaw, GA
Zoning OMR/WS · permitted uses
OMR/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
$19.3M
AUTO REPAIR, GARAGE
Est. value
$27.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$27.4M
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
2001
Heating
NONE
Lot
7.81 ac
Current owner
From public records · entity-resolved
Townpark Hotel LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1 ALHAMBRA PLZ STE #1450, CORAL GABLES, FL 33134-5248
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2015
—
Townpark Hotel LLC
Townpark Ravine II LLC
Quit Claim Deed
related
—
Aug 4, 2014
$20,294,500
Townpark Ravine Owner LLC
Townpark Ravine II LLC
Grant Deed
related
—
Aug 4, 2014
—
Townpark Ravine II LLC
Argonaut Associates Ltd LP
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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