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Property profile & analytics
OFF-MARKET
Estimated value
$4,800,000
Garden apartment buildings
1204 Veterans Memorial SW Hwy Mableton, GA 30126-3162
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1396293
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1966
Total area
35,928 SF
Lot
3.11 ac (135,471 SF)
Zoning code
RM-12
APN
19129800140
UPID
US22-1396293
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 Flats at 1204 Apartments Apartment Complex
-
The Flats @ 1204 Apartment Complex
-
Beverly Forest Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$4.80M
Owner & transaction history
1204 Veterans Memorial Hwy Sw Pcpre · 3 yrs held
1204 Veterans Memorial Hwy Sw Pcpre
since 2023
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
RM-12 · Mableton, 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 Mableton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mableton 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
$4,650,000
ML approach
$4,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,680,000
Current use
RETAIL STORES
$7,445,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,150,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,040,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$4.80M
Range $4.32M – $5.28M · ±10% · vs last sale $5.00M (May 17 2023)
Last sale anchor
$5.00M
May 17 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
$134 / 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
$58,060
Tax year 2024
Assessed value
$1,925,720
Assessed 2024
Previous assessed
$920,000
+109.3% YoY
Effective rate
3.01%
On assessed value
Assessed land
$281,780
Assessed improvement
$1,643,940
Land market value
$704,450
Improvement market value
$4,109,850
Total market value
$4,814,300
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
1966
Heating
NONE
Buildings
6
Units
41
Total area
35,928 SF
Lot
3.11 ac (135,471 SF)
Zoning code
RM-12
APN
19129800140
UPID
US22-1396293
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Mableton, GA
Zoning RM-12 · permitted uses
RM-12 · Mableton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mableton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.7M
RETAIL STORES
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1966
Heating
NONE
Buildings
6
Units
41
Lot
3.11 ac
Current owner
From public records · entity-resolved
1204 Veterans Memorial Hwy Sw Pcpre
Individual
Mailing address
12945 SEMINOLE BLVD, LARGO, FL 33778-2319
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2023
—
1204 Veterans Memorial Hwy Sw Pcpre
Lima One Capital LLC
Deed
—
May 17, 2023
$5,000,000
1204 Mableton LLC
1204 Veterans Memorial Hwy Sw Pcpre
Limited Warranty Deed
$5,015,000 · A&s Capital LLC
Jul 23, 2021
$3,570,000
1204 Veterans Memorial Hwy Sw Pcpre
Beverly Forest Equities LLC
Limited Warranty Deed
$3,122,550 · Lima One Capital LLC
Jan 28, 2019
—
Beverly Forest Equities LLC
—
Deed
related
$4,751,000 · Bancorp Bank
May 26, 2017
—
East Wesley Capital LLC
Gkga Holdings LLC
Quit Claim Deed
related
—
May 26, 2017
$1,800,000
East Wesley Capital LLC
Gkga Holdings LLC
Grant Deed
related
$1,250,000 · Readycap Com'l
Apr 25, 2013
$735,000
Gkga Holdings LLC
City Natl Bk
Grant Deed
related
—
Apr 5, 2013
$760,000
City Natl Bk
Invest America LLC
Trustees Deed
related
—
Sep 11, 2012
$760,000
City Natl Bk
Invest America LLC
Trustees Deed
related
—
Dec 22, 2011
—
Invest America LLC
Chief Holdings Group LLC
Warranty Deed
related
—
Mar 10, 2011
—
Chief Holdings Group LLC
Simple Strategies INC
Warranty Deed
related
—
Feb 7, 2011
$10,000
Simple Strategies INC
Invest America LLC
Warranty Deed
—
Feb 5, 2007
—
Invest America Ga LLC
Invest America LLC
Quit Claim Deed
related
—
Jan 24, 2007
—
Invest America Georgia LLC
Invest America LLC
Quit Claim Deed
related
—
Nov 1, 2006
$1,800,000
Invest America LLC
Holt,terry & Kathy
Warranty Deed
$1,400,000 · Imperial Capital Bank
Oct 17, 2006
$1,800,000
Invest American LLC
Holt,terry
Grant Deed
—
Aug 8, 2006
$1,271,000
Terry Holt
Feinbloom,stephan & Isabel
Warranty Deed
$430,000 · Main Street Bank
Jul 31, 2006
$1,271,000
Terry Holt
Feinbloom,stephan
Grant Deed
—
Jul 12, 2004
$1,790,000
Stephan Feinbloom
Thomas Jb Properties LLC
Grant Deed
$1,342,500 · Imperial Capital Bank
—
—
Gkga Holdings LLC
—
Deed Of Trust
related
$940,000 · Regency Acquisition Group LLC
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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