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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1000 Lk Rdg Pkwy Riverdale, GA 30296-3363
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-4679628
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1991
Total area
278 SF
Lot
18.53 ac (807,167 SF)
Zoning code
PUD
APN
13-216B- A-001
UPID
US22-4679628
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
-
Reserve at Garden Lake Apartment Complex Apartment Building
-
DREAM Agency LLC Theater & Performing Art Venue Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
278 Mm Riverdale LLC · 4 yrs held
278 Mm Riverdale LLC
since 2022
Last sale
$53.0M
7 recorded transactions
Zoning & alternative use
PUD · Riverdale, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Riverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverdale 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$467,785
Tax year 2024
Assessed value
$11,990,800
Assessed 2024
Previous assessed
$11,990,800
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$228,960
Assessed improvement
$11,761,840
Land market value
$572,400
Improvement market value
$29,404,600
Total market value
$29,977,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1991
Heating
NONE
Total area
278 SF
Lot
18.53 ac (807,167 SF)
Zoning code
PUD
APN
13-216B- A-001
UPID
US22-4679628
Jurisdiction
CLAYTON
Zoning & alternative use
PUD · Riverdale, GAZoning PUD · permitted uses
PUD · Riverdale, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Lot
18.53 ac
Current owner
From public records · entity-resolved
278 Mm Riverdale LLC
Entity
Mailing address
1000 MAINE AVE SW, WASHINGTON, DC 20024-3446
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2022
$53,026,644
278 Mm Riverdale LLC
B9 Mf Lake Ridge Owner LLC
Limited Warranty Deed
$31,600,000 · Truist Bank
Mar 18, 2021
$34,000,000
B9 Mf Lake Rodge Owner LLC
Reserve At Garden Lake Multifamily
Limited Warranty Deed
—
Jul 6, 2017
—
Reserve Of Garden Lake Multifamil
Hpi Garden Lake LLC
Quit Claim Deed
related
—
Jul 6, 2017
$19,400,000
Reserve Of Garden Lake Multifamil
Hpi Garden Lake LLC
Grant Deed
$16,665,000 · Greystone Svcg
Oct 11, 2013
$11,175,000
Hpi Garden Lake LLC
Lmrec Reo I INC
Grant Deed
related
$8,750,000 · Rialto Mortgage Finance LLC
Dec 4, 2007
—
Lmrec Reo I INC
Aslan Garden Lake LLC
Grant Deed
related
—
May 10, 2005
$14,500,000
Aslan Garden Lake LLC
Capreit Garden Lake
Grant Deed
$14,950,000 · Legg Mason R/e Cap'l
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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