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Property profile & analytics
OFF-MARKET
Estimated value
$6,390,000
Garden apartment buildings
1038 Hairston Rd, Stone Mountain, GA 30088-2310
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US22-1754281
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1988
Total area
6,912 SF
Lot
14.87 ac (647,737 SF)
Zoning code
X
APN
15 225 02 012
UPID
US22-1754281
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
-
The Park at Carrigan Apartments Apartment Building Housing Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.58M
Blend (final)
Blend
$6.39M
Owner & transaction history
Lake Point Equities LLC · 6 yrs held
Lake Point Equities LLC
since 2019
5 recorded transactions
Zoning & alternative use
X · Stone Mountain, 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 Stone Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stone Mountain 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
$6.39M
Range $5.75M – $7.03M · ±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
$924 / 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
$199,160
Tax year 2024
Assessed value
$8,571,440
Assessed 2024
Previous assessed
$10,138,800
-15.5% YoY
Effective rate
2.32%
On assessed value
Assessed land
$4,470,000
Assessed improvement
$4,101,440
Land market value
$11,175,000
Improvement market value
$10,253,600
Total market value
$21,428,600
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
1988
Heating
NONE
Cooling
YES
Buildings
11
Stories
3
Units
180
Total area
6,912 SF
Lot
14.87 ac (647,737 SF)
Zoning code
X
APN
15 225 02 012
UPID
US22-1754281
Jurisdiction
DE KALB
Zoning & alternative use
X · Stone Mountain, GA
Zoning X · permitted uses
X · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stone Mountain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Cooling
Yes
Stories
3
Buildings
11
Units
180
Lot
14.87 ac
Current owner
From public records · entity-resolved
Lake Point Equities LLC
Entity
Mailing address
5650 BRECKENRIDGE PARK DR STE #302, TAMPA, FL 33610-4256
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Oct 8, 2019
—
Lake Point Equities LLC
Lake Point Equities LLC
Quit Claim Deed
related
$22,940 · Greystone Svcg
Mar 1, 2018
—
Lake Point Equities LLC
Cm Hairston Raod LLC
Quit Claim Deed
related
—
Mar 1, 2018
$13,000,000
Lakepoint Schorr Sienna LLC
Cm Hairston Road LLC
Grant Deed
related
—
May 3, 2005
$19,700,000
Cm Hairston Road LLC
Hra Ltd
Trustees Deed
related
—
—
—
Hairston Property Holdings LP
—
Deed Of Trust
related
$22,940 · Greystone Svcg
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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