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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Garden apartment buildings
1122 Cres NE Ave Atlanta, GA 30309-3655
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-3710022
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
12,120 SF
Lot
0.63 ac (27,530 SF)
Zoning code
C4
APN
17 010600040904
UPID
US22-3710022
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
$1.30M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.56M
Owner & transaction history
1122 Crescent Land Holdings Ll · 10 yrs held
1122 Crescent Land Holdings Ll
since 2016
7 recorded transactions
Zoning & alternative use
C4 · 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
by Request
ML approach
$1,295,000
CAP Approach
CAP Return
Estimation
6%
$2,230,000
6.5%
$2,055,000
7%
$1,910,000
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±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
$129 / 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
$76,010
Tax year 2023
Assessed value
$1,836,000
Assessed 2023
Previous assessed
$1,836,000
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$960,000
Assessed improvement
$876,000
Land market value
$2,400,000
Improvement market value
$2,190,000
Total market value
$4,590,000
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
1962
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
39
Bathrooms
2
Total area
12,120 SF
Lot
0.63 ac (27,530 SF)
Zoning code
C4
APN
17 010600040904
UPID
US22-3710022
Jurisdiction
FULTON
Zoning & alternative use
C4 · Atlanta, GA
Zoning C4 · permitted uses
C4 · 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
1962
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
39
Bathrooms
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
1122 Crescent Land Holdings Ll
Entity
Mailing address
1360 PEACHTREE ST NE STE #750, ATLANTA, GA 30309-3233
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2020
—
1122 Crescent Land Hldgs LLC
—
Deed Of Trust
related
$9,300,000 · Aff III Crescent LLC
Jun 22, 2018
—
1122 Crescent Land Hldgs LLC
—
Grant Deed
related
$8,220,000 · Northern Tr
Jan 14, 2016
—
1122 Crescent Land Holdings Ll
Eleven Twenty Two Crescent Ave
Quit Claim Deed
related
$1,750,000 · Strategic R/e Opportunity Fund
Jan 14, 2016
$6,475,000
1122 Crescent Land Holdings Ll
Eleven Twenty Two Crescent Ave
Grant Deed
related
$6,000,000 · * Other Institutional Lenders
Jul 25, 2007
—
Wineland,thomas N & Nellie M
Crescent Apartments LLC
Quit Claim Deed
related
—
Jul 25, 2007
$5,005,000
1122 Crescent Avenue LLC
Wineland,thomas N & Nellie M
Grant Deed
—
Jul 23, 2007
—
1122 Crescent Avenue LLC
Wineland,thomas N
Grant Deed
$3,575,000 · Cornerstone Bank
—
—
Twenty Two Crescent Ave Eleven
—
Deed Of Trust
related
$2,997,900 · Ameris Bank
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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