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Property profile & analytics
OFF-MARKET
Estimated value
$3,825,000
Garden apartment buildings
1115 Ponce De Leon NE Ave Atlanta, GA 30306-4585
Entity Owned
2-yr Hold
Property ID
US22-1189789
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1920
Construction
WOOD
Total area
17,280 SF
Lot
0.4 ac (17,598 SF)
Zoning code
C1
APN
14 001600130040
UPID
US22-1189789
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
-
MLC Apartments Apartment Building
-
The Take-Home Tutor Atlanta Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.83M
CAP Approach
CAP
$2.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.83M
Owner & transaction history
Pks Real Estate Group LLC · 2 yrs held
Pks Real Estate Group LLC
since 2024
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
C1 · 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
$3,825,000
ML approach
$3,825,000
CAP Approach
CAP Return
Estimation
6%
$3,175,000
6.5%
$2,930,000
7%
$2,725,000
Blend value · Realmo final
$3.83M
Range $3.44M – $4.21M · ±10% · vs last sale $3.83M (Mar 26 2024)
Last sale anchor
$3.83M
Mar 26 2024
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
$221 / 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
$48,852
Tax year 2023
Assessed value
$1,180,000
Assessed 2023
Previous assessed
$1,180,000
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$272,000
Assessed improvement
$908,000
Land market value
$680,000
Improvement market value
$2,270,000
Total market value
$2,950,000
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
1920
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
17
Bathrooms
1
Total area
17,280 SF
Lot
0.4 ac (17,598 SF)
Zoning code
C1
APN
14 001600130040
UPID
US22-1189789
Jurisdiction
FULTON
Zoning & alternative use
C1 · Atlanta, GA
Zoning C1 · permitted uses
C1 · 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
1920
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
17
Bathrooms
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Pks Real Estate Group LLC
Entity
Mailing address
1115 PONCE DE LEON AVE NE, ATLANTA, GA 30306-4585
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
—
Pk5 Real Estate Group LLC
—
Deed
related
$1,822,000 · Cb Richard Ellis
Mar 26, 2024
$3,825,000
Pks Real Estate Group LLC
Rls 4 LLC
Warranty Deed
—
May 6, 2020
$3,105,000
Rls 4 LLC
Griffin Assets Xxii LLC
Grant Deed
$2,336,000 · Cbre Cap Markets
Sep 1, 2016
$2,300,000
Griffin Assets Xxii LLC
Longo 1115 Ponce De Leon Avenu
Grant Deed
related
—
May 15, 2007
—
Willis,molly J
1115 Ponce Deleon Avenue LLC
Quit Claim Deed
—
May 15, 2007
$526,700
Longo 1115 Ponce Deleon Avenue
Need More Properties LLP
Warranty Deed
—
May 10, 2007
$52,667
1115 Ponce De Leon Avenue Long
Need More Propeties LLC
Grant Deed
—
May 10, 2007
$526,667
1115 Fonce De Leon Avenue Long
Wilois,nolly J
Grant Deed
—
May 10, 2007
—
Molly J Willis
1115,ponce De Leon Avenue
Grant Deed
related
—
Jan 21, 2005
$1,080,000
1115 Ponce Deleon Avenue LLC
Bullard, Kim
Deed
$1,414,638 · Security Bk&tr Co
—
—
1115 Ponce De Leon Avenue LLC
—
Deed Of Trust
related
$400,000 · Branch Banking & Trust Co
—
—
1115 Ponce De Leon Avenue LLC
—
Deed Of Trust
related
$1,190,000 · Alpha Bk&tr
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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