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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Garden apartment buildings
1031 Virginia NE Ave Atlanta, GA 30306-3523
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US22-1684666
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1930
Construction
WOOD
Total area
4,907 SF
Lot
0.16 ac (7,100 SF)
Zoning code
R4
APN
17 000100080443
UPID
US22-1684666
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
-
CONjuration Event Planning Wedding Service
-
Divine Experiences Hair Salon & Barber Shop Hair Salon Nail Salon
-
Hilton Atlanta Airport Hotel & Motel
-
Encore IT Consulting Firm Tech Support Center
-
RedEye Southern Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$400k
Blend (final)
Blend
$615k
Owner & transaction history
1031 Virginia Ave LLC · 8 yrs held
1031 Virginia Ave LLC
since 2017
5 recorded transactions
Zoning & alternative use
R4 · Atlanta, 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 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
$615,000
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$835,000
7%
$775,000
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$125 / 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
Tax billed
$11,948
Tax year 2023
Assessed value
$288,600
Assessed 2023
Previous assessed
$288,600
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$144,000
Assessed improvement
$144,600
Land market value
$360,000
Improvement market value
$361,500
Total market value
$721,500
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1930
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
7
Bathrooms
2
Total area
4,907 SF
Lot
0.16 ac (7,100 SF)
Zoning code
R4
APN
17 000100080443
UPID
US22-1684666
Jurisdiction
FULTON
Zoning & alternative use
R4 · Atlanta, GA
Zoning R4 · permitted uses
R4 · 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.
Building & site characteristics
From public records
Year built
1930
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
7
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
1031 Virginia Ave LLC
Entity
Mailing address
942 NN AVE NE APT #1, ATLANTA, GA 30306-4466
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2017
$750,000
1031 Virginia Ave LLC
Scott Property Ventures LLC
Warranty Deed
$600,000 · First Landmark Bk
Mar 15, 2016
$490,000
Scott Property Ventures LLC
Colbert,joseph
Grant Deed
—
—
—
Joseph Colbert
—
Loan Modification
related
—
—
—
Joseph Colbert
—
Deed Of Trust
related
$684,000 · Bank Of North Georgia
—
—
Joseph Colbert
—
Deed Of Trust
related
$684,000 · Bank Of North Georgia
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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