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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Garden apartment buildings
1200 Oakplace SW Dr, Marietta, GA 30008-3767
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-4153031
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1984
Total area
4,236 SF
Lot
0.31 ac (13,591 SF)
Zoning code
PRD MF
APN
17015300240
UPID
US22-4153031
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
$675k
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$904k
Blend (final)
Blend
$710k
Owner & transaction history
Howard Jacobs JR · 2 yrs held
Howard Jacobs JR
since 2023
Last sale
$730,000
6 recorded transactions
Zoning & alternative use
PRD MF · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+57.7%
Commercial (general)
$955,000
+47.6%
Neighborhood: shopping center
$935,000
+43.8%
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
$710,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$875,000
7%
$815,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$650,000
Current use
MEDICAL BUILDING
$1,025,000
Change: +58% · Conversion: Moderate
COMMERCIAL (GENERAL)
$955,000
Change: +48% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$935,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$930,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$735,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $730k (Jul 10 2023)
Last sale anchor
$730k
Jul 10 2023
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
$168 / 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
$2,015
Tax year 2024
Assessed value
$238,200
Assessed 2024
Previous assessed
$167,800
+42.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$28,268
Assessed improvement
$209,932
Land market value
$70,670
Improvement market value
$524,830
Total market value
$595,500
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
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
1984
Heating
NONE
Units
4
Total area
4,236 SF
Lot
0.31 ac (13,591 SF)
Zoning code
PRD MF
APN
17015300240
UPID
US22-4153031
Jurisdiction
COBB
Zoning & alternative use
PRD MF · Marietta, GA
Zoning PRD MF · permitted uses
PRD MF · 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
$650,000
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$935,000
RETAIL STORES
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$735,000
OFFICE BUILDING
Est. value
$705,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1984
Heating
NONE
Units
4
Lot
0.31 ac
Current owner
From public records · entity-resolved
Howard Jacobs JR
Individual
Mailing address
PO BOX 28374, ATLANTA, GA 30358-0374
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2023
$730,000
Howard Jacobs JR
Morning Dew Realty LLC
Limited Warranty Deed
$540,000 · Paramount Residential Mortgage Grou
Jul 20, 2017
—
Morning Dew Realty LLC
—
Deed
related
$197,500 · Fidelity Bk
Mar 24, 2009
$200,000
Mountain Dew Realty LLC
Crochett,pam
Warranty Deed
$164,251 · Brookhaven Bank
Mar 13, 2009
$200,000
Morning Dew Realty LLC
Crotchett,john
Grant Deed
$164,251 · Brookhaven Bank
Dec 7, 2005
$283,600
John Crochett
Phillips,kenton A
Warranty Deed
—
—
—
Morning Dew Realty LLC
—
Loan Modification
related
$197,500 · Fidelity Bk
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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