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Property profile & analytics
FOR SALE
Residential income homes
1138 Sells Ave SW Atlanta, GA 30310
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1887711
For Sale
1 / 8
$949,900
1138 Sells Ave SW, Atlanta, GA 30310
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1930
Construction
WOOD
Total area
5,934 SF
Lot
0.45 ac (19,471 SF)
Zoning code
R5
APN
14 011700010810
UPID
US22-1887711
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$917k
Blend (final)
Blend
$905k
Owner & transaction history
1138 Sells Management LLC · 1 yrs held
1138 Sells Management LLC
since 2025
6 recorded transactions
Zoning & alternative use
R5 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+28.2%
Office building
$1.4M
+18.2%
Industrial (general)
$1.3M
+12.5%
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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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%
$1,090,000
6.5%
$1,005,000
7%
$935,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,175,000
Current use
AUTO REPAIR, GARAGE
$1,505,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$1,390,000
Change: +18% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,325,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$153 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$202,080
Assessed 2023
Previous assessed
$202,080
+0.0% YoY
Assessed land
$78,200
Assessed improvement
$123,880
Land market value
$195,500
Improvement market value
$309,700
Total market value
$505,200
Applied tax rate
5.0000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
For Sale
Year built
1930
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
12
Bathrooms
1
Total area
5,934 SF
Lot
0.45 ac (19,471 SF)
Zoning code
R5
APN
14 011700010810
UPID
US22-1887711
Jurisdiction
FULTON
Zoning & alternative use
R5 · Atlanta, GA
Zoning R5 · permitted uses
R5 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1930
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
12
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
1138 Sells Management LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1183 SELLS AVE SW, ATLANTA, GA 30310-1365
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
—
1138 Sells Management LLC
Marilyn Atkinson
Deed
—
May 29, 2025
—
Marilyn Atkinson
—
Deed
related
$145,000 · First Financial
Jul 10, 2006
—
Atkinson,marilyn
Atkinson,trevor & Marilyn
Quit Claim Deed
related
—
Jun 2, 2006
—
Marilyn Atkinson
Atkinson,trevor
Quit Claim Deed
related
—
Sep 22, 2004
—
Atkinson,trevor & Morilyn
Atkinson,trevor
Quit Claim Deed
related
—
May 10, 2004
$280,000
Atkinson,trevor
1138 Sells Avenue Land Trust
Grant Deed
$252,000 · New Century Mtg
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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