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Property profile & analytics
OFF-MARKET
Estimated value
$6,700,000
Garden apartment buildings
1196 Woodland NE Ave Atlanta, GA 30324-4428
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-1691934
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1961
Construction
WOOD FRAME
Total area
6,420 SF
Lot
0.3 ac (13,068 SF)
Zoning code
RM75
APN
18 108 02 001
UPID
US22-1691934
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 Motif by Morningside apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.70M
Owner & transaction history
Tsv Lenox Vista LLC · 1 yrs held
Tsv Lenox Vista LLC
since 2024
Last sale
$6.7M
5 recorded transactions
Zoning & alternative use
RM75 · 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
$6,700,000
ML approach
$6,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.70M
Range $6.03M – $7.37M · ±10% · vs last sale $6.70M (Jul 18 2024)
Last sale anchor
$6.70M
Jul 18 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
$1,044 / 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
$21,458
Tax year 2024
Assessed value
$480,800
Assessed 2024
Previous assessed
$480,800
+0.0% YoY
Effective rate
4.46%
On assessed value
Assessed land
$38,464
Assessed improvement
$442,336
Land market value
$96,160
Improvement market value
$1,105,840
Total market value
$1,202,000
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
1961
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
8
Total area
6,420 SF
Lot
0.3 ac (13,068 SF)
Zoning code
RM75
APN
18 108 02 001
UPID
US22-1691934
Jurisdiction
DE KALB
Zoning & alternative use
RM75 · Atlanta, GA
Zoning RM75 · permitted uses
RM75 · 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
1961
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
8
Lot
0.3 ac
Current owner
From public records · entity-resolved
Tsv Lenox Vista LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1196 WOODLAND AVE NE, ATLANTA, GA 30324-4428
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
$6,699,500
Tsv Lenox Vista LLC
Tsv Woodland Ave LLC
Warranty Deed
—
Jul 3, 2024
—
Tsv Woodland Ave LLC
Majestic Sandy Suzette LLC
Quit Claim Deed
—
Jul 26, 2019
$630,000
Tsv Woodland Ave LLC
Mbd Properties LLC
Grant Deed
—
Jul 26, 2019
—
Tsv Woodland Ave LLC
Mbd Properties LLC
Quit Claim Deed
related
—
—
—
1195 Woodland Apartments LLC
—
Loan Modification
related
$1,100,000 · Resurgens 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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