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Property profile & analytics
OFF-MARKET
Estimated value
$3,915,000
High-rise multifamily apartments
1035 Scales Rd Suwanee, GA 30024-1822
Entity Owned
9-yr Hold
Free & Clear
Property ID
US22-1906176
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2016
Construction
WOOD
Total area
32,448 SF
Lot
10.35 ac (450,846 SF)
Zoning code
PMUD-PLANNED MIXED USE DE
APN
7-209 -124
UPID
US22-1906176
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
-
Artisan Station Apartments Apartment Rental Agency Apartment Complex
-
The Fittest Me Gym & Fitness Center
-
VIEW.NET Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.52M
Blend (final)
Blend
$3.92M
Owner & transaction history
Shlp Artisan Station LLC · 9 yrs held
Shlp Artisan Station LLC
since 2017
5 recorded transactions
Zoning & alternative use
PMUD-PLANNED MIXED USE DE · Suwanee, 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 Suwanee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Suwanee 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
Blend value · Realmo final
$3.92M
Range $3.52M – $4.31M · ±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 2023Property tax & assessments
Tax year 2023
Tax billed
$652,076
Tax year 2023
Assessed value
$20,313,880
Assessed 2023
Previous assessed
$20,313,880
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$2,705,080
Assessed improvement
$17,608,800
Land market value
$6,762,700
Improvement market value
$44,022,000
Total market value
$50,784,700
Applied tax rate
12.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Buildings
10
Stories
3
Rooms
12
Bathrooms
3
Total area
32,448 SF
Lot
10.35 ac (450,846 SF)
Zoning code
PMUD-PLANNED MIXED USE DE
APN
7-209 -124
UPID
US22-1906176
Jurisdiction
GWINNETT
Zoning & alternative use
PMUD-PLANNED MIXED USE DE · Suwanee, GA
Zoning PMUD-PLANNED MIXED USE DE · permitted uses
PMUD-PLANNED MIXED USE DE · Suwanee, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Suwanee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
10
Rooms
12
Bathrooms
3
Lot
10.35 ac
Current owner
From public records · entity-resolved
Shlp Artisan Station LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1035 SCALES RD APT #2404, SUWANEE, GA 30024-1924
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
Jun 15, 2017
$45,300,000
Shlp Artisan Station LLC
Qd-suwanee LLC
Grant Deed
—
Jun 15, 2017
—
Shlp Artisan Station LLC
Qd-suwanee LLC
Quit Claim Deed
related
—
Jan 5, 2010
$4,170,228
First Covenant Bank
Jdb Investments LLC
Grant Deed
related
—
—
—
Qd-reynolds LLC
—
Deed Of Trust
related
$33,320,000 · Branch Bk&tr
—
—
Shlp Artisan Station LLC
—
Deed Of Trust
related
$276,540 · Newmark Knight Frank
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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