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Property profile & analytics
OFF-MARKET
Estimated value
$34,400,000
Garden apartment buildings
1067 Pitts Rd, Sandy Springs, GA 30350-4997
Entity Owned
5-yr Hold
Free & Clear
Property ID
US22-0618865
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1979
Construction
WOOD
Total area
39,708 SF
Lot
26.23 ac (1,142,579 SF)
Zoning code
AC
APN
17 0024 LL0734
UPID
US22-0618865
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
by Request
Comparable Approach
Comparable
$26.16M
Blend (final)
Blend
$34.40M
Owner & transaction history
Blue Atlantic Parc LP · 5 yrs held
Blue Atlantic Parc LP
since 2020
Last sale
$46.1M
4 recorded transactions
Zoning & alternative use
AC · Sandy Springs, 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 Sandy Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandy Springs 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
$34.40M
Range $30.96M – $37.84M · ±10% · vs last sale $46.10M (Oct 21 2020)
Last sale anchor
$46.10M
Oct 21 2020
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
$866 / 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
$468,154
Tax year 2023
Assessed value
$16,585,920
Assessed 2023
Previous assessed
$16,585,920
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$2,496,000
Assessed improvement
$14,089,920
Land market value
$6,240,000
Improvement market value
$35,224,800
Total market value
$41,464,800
Applied tax rate
59.0000
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
1979
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
9
Stories
1
Units
8
Bathrooms
12
Total area
39,708 SF
Lot
26.23 ac (1,142,579 SF)
Zoning code
AC
APN
17 0024 LL0734
UPID
US22-0618865
Jurisdiction
FULTON
Zoning & alternative use
AC · Sandy Springs, GA
Zoning AC · permitted uses
AC · Sandy Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sandy Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
9
Units
8
Bathrooms
12
Lot
26.23 ac
Current owner
From public records · entity-resolved
Blue Atlantic Parc LP
Entity
Free & Clear · 5 yrs held
Mailing address
1349 W PEACHTREE ST NW STE #1430, ATLANTA, GA 30309-2928
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2020
$46,100,000
Blue Atlantic Parc LP
Pitts Rd LP 1067
Grant Deed
—
Jul 17, 2017
$33,000,000
1067 Pitts Rd LP
Wrh Parc At Dunwoody Lllp
Grant Deed
$26,400,000 · Berkadia Com'l Mtg
Jan 10, 2014
$18,635,000
Wrh Parc At Dunwoody Lllp
Crp Of Tbg Parc At Dunwoody LLC
Grant Deed
$15,500,000 · Wells Fargo Bank
Dec 18, 2006
$18,700,000
Bgav Shadow Pines LLC
Shadow Pines Apartments INC
Grant Deed
$10,985,000 · Cw Capital
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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