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Property profile & analytics
OFF-MARKET
Estimated value
$44,240,000
Garden apartment buildings
1035 Franklin SE Gtwy, Marietta, GA 30067-8105
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1309976
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Total area
232,919 SF
Lot
18.32 ac (798,019 SF)
Zoning code
PRD MF
APN
17072500010
UPID
US22-1309976
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
$48.14M
Comparable Approach
Comparable
$33.24M
Blend (final)
Blend
$44.24M
Owner & transaction history
Main Street Res Fairchild View 75 L · 4 yrs held
Main Street Res Fairchild View 75 L
since 2022
Last sale
$42.6M
6 recorded transactions
Zoning & alternative use
PRD MF · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$56.3M
+57.7%
Neighborhood: shopping center
$51.3M
+43.8%
Retail stores
$51.2M
+43.6%
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 Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta 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
$54,620,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$52,150,000
6.5%
$48,140,000
7%
$44,700,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$35,670,000
Current use
MEDICAL BUILDING
$56,255,000
Change: +58% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$51,275,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$51,235,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$45,445,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$40,465,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$44.24M
Range $39.82M – $48.66M · ±10% · vs last sale $42.60M (May 18 2022)
Last sale anchor
$42.60M
May 18 2022
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
$190 / 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
$115,056
Tax year 2024
Assessed value
$13,600,000
Assessed 2024
Previous assessed
$16,774,280
-18.9% YoY
Effective rate
0.85%
On assessed value
Assessed land
$2,904,788
Assessed improvement
$10,695,212
Land market value
$7,261,970
Improvement market value
$26,738,030
Total market value
$34,000,000
Applied tax rate
4.0000
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
1970
Heating
NONE
Buildings
15
Units
214
Total area
232,919 SF
Lot
18.32 ac (798,019 SF)
Zoning code
PRD MF
APN
17072500010
UPID
US22-1309976
Jurisdiction
COBB
Zoning & alternative use
PRD MF · Marietta, GA
Zoning PRD MF · permitted uses
PRD MF · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$35.7M
MEDICAL BUILDING
Est. value
$56.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$51.3M
RETAIL STORES
Est. value
$51.2M
COMMERCIAL (GENERAL)
Est. value
$45.4M
AUTO REPAIR, GARAGE
Est. value
$40.5M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1970
Heating
NONE
Buildings
15
Units
214
Lot
18.32 ac
Current owner
From public records · entity-resolved
Main Street Res Fairchild View 75 L
Individual
Free & Clear · 4 yrs held
Mailing address
500 WESTOVER DR #18313, SANFORD, NC 27330-8941
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
—
Main Street Res Fairchild View 75 L
Fannie Mae
Quit Claim Deed
related
—
Mar 24, 2022
—
Cyclone 1035 Tx LLC
Cyclone Gateway Realty LLC
Special Warranty Deed
—
Mar 24, 2022
$42,595,000
Nighthawk Ten35 Holdings LLC
Cyclone 1035 Tx LLC
Special Warranty Deed
$39,650,000 · Mf1 Capital LLC
Dec 21, 2020
—
Cyclone Gateway Realty LLC
Street Residl View 75 Ge Main
Quit Claim Deed
related
—
Apr 3, 2018
—
Marquise View II LLC
Marquise View LLC
Quit Claim Deed
related
—
Apr 2, 2018
—
Marquise View II LLC
Marquise View LLC
Quit Claim 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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