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Property profile & analytics
OFF-MARKET
Estimated value
$31,580,000
High-rise multifamily apartments
1136 Cmns Commons, Marietta, GA 30062-2358
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1249886
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1970
Total area
325,227 SF
Lot
22.42 ac (976,607 SF)
Zoning code
RM-12
APN
16094800020
UPID
US22-1249886
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
$31.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.51M
Blend (final)
Blend
$31.58M
Owner & transaction history
1136 W Commons LLC · 2 yrs held
1136 W Commons LLC
since 2024
Last sale
$31.6M
7 recorded transactions
Zoning & alternative use
RM-12 · Marietta, 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 Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta 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
$31,580,000
ML approach
$31,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$49,810,000
Current use
Blend value · Realmo final
$31.58M
Range $28.42M – $34.74M · ±10% · vs last sale $31.58M (May 22 2024)
Last sale anchor
$31.58M
May 22 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
$97 / 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
$313,560
Tax year 2024
Assessed value
$10,400,000
Assessed 2024
Previous assessed
$17,885,600
-41.9% YoY
Effective rate
3.02%
On assessed value
Assessed land
$2,539,180
Assessed improvement
$7,860,820
Land market value
$6,347,950
Improvement market value
$19,652,050
Total market value
$26,000,000
Applied tax rate
9.0000
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
1970
Heating
NONE
Buildings
11
Units
280
Total area
325,227 SF
Lot
22.42 ac (976,607 SF)
Zoning code
RM-12
APN
16094800020
UPID
US22-1249886
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Marietta, GA
Zoning RM-12 · permitted uses
RM-12 · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$49.8M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Buildings
11
Units
280
Lot
22.42 ac
Current owner
From public records · entity-resolved
1136 W Commons LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
—
1136 W Commons LLC
Lft Cre 2021 Fli Ltd
Quit Claim Deed
related
—
May 3, 2024
—
1136 W Commons LLC
—
Deed
related
$34,462,000 · Bell Wether Enterprise Real Estate Capit
May 25, 2021
$31,580,000
1136 W Commons LLC
Sedgefield Pal LLC
Limited Warranty Deed
$33,000,000 · Orec Structured Finance Co LLC
May 25, 2021
—
Sedgefield Pal LLC
Sedgefield Pal LLC
Intrafamily Transfer
related
—
Oct 23, 2019
$28,518,600
Sedgefield Pal LLC
Sedgefield Owner LLC
Grant Deed
related
$24,439,814 · Bancorp Bk
Oct 23, 2019
—
Sedgefield Pal LLC
—
Deed
related
$24,439,800 · Bancorp Bank
Nov 10, 2015
—
Sedgefield Owner LLC
Sedgefield Tic LLC
Quit Claim Deed
related
$7,100,000 · Miscellaneous Ins Co
Apr 12, 2011
—
Sedgefield Tic LLC
Sedgefield Tic LLC
Quit Claim Deed
related
—
Jan 4, 2011
$5,200,000
Sedgefield Tic LLC
Amtax Holdings 665 LLC
Grant Deed
$4,000,000 · Ucf I Trust 1 (ct)
—
—
Sedgefield Acquisition LLC
—
Deed Of Trust
related
$4,000,000 · Privatebank & Trust
—
—
Sedgefield Tic LLC
—
Deed Of Trust
related
—
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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