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Property profile & analytics
OFF-MARKET
Estimated value
$118,670,000
Parking lots & garages
121 8th NE St Atlanta, GA 30309-4116
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-0814331
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2021
Total area
165,536 SF
Lot
0.24 ac (10,454 SF)
Zoning code
SPI3
APN
14 004900020028
UPID
US22-0814331
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
$118.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$118.67M
Owner & transaction history
Wrpv 15 Peachtree Atlanta LLC · 1 yrs held
Wrpv 15 Peachtree Atlanta LLC
since 2024
Last sale
$118.7M
7 recorded transactions
Zoning & alternative use
SPI3 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$131.5M
+37.3%
Commercial (general)
$125.3M
+30.8%
Office building
$95.8M
+0.0%
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
$118,670,000
ML approach
$118,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$95,795,000
Current use
APARTMENT HOUSE (5+ UNITS)
$131,545,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$125,335,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$95,805,000
Change: +0% · Conversion: Difficult
RESTAURANT
$90,020,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$118.67M
Range $106.80M – $130.54M · ±10% · vs last sale $118.67M (Oct 17 2024)
Last sale anchor
$118.67M
Oct 17 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
$717 / 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
$116,382
Tax year 2023
Assessed value
$2,811,160
Assessed 2023
Previous assessed
$1,924,160
+46.1% YoY
Effective rate
4.14%
On assessed value
Assessed land
$276,840
Assessed improvement
$2,534,320
Land market value
$692,100
Improvement market value
$6,335,800
Total market value
$7,027,900
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2021
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
165,536 SF
Lot
0.24 ac (10,454 SF)
Zoning code
SPI3
APN
14 004900020028
UPID
US22-0814331
Jurisdiction
FULTON
Zoning & alternative use
SPI3 · Atlanta, GA
Zoning SPI3 · permitted uses
SPI3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$95.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$131.5M
COMMERCIAL (GENERAL)
Est. value
$125.3M
OFFICE BUILDING
Est. value
$95.8M
RESTAURANT
Est. value
$90.0M
PARKING LOT Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
2021
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Wrpv 15 Peachtree Atlanta LLC
Entity
Mailing address
130 E RANDOLPH ST STE #2100, CHICAGO, IL 60601-6223
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
$118,672,096
Wrpv 15 Peachtree Atlanta LLC
Ca Residential 903 Peachtree Proper
Warranty Deed
—
Feb 28, 2020
—
Ca Residl 903 Peachtree Prop
903 Peachtree Shoppes LLC
Quit Claim Deed
related
—
Feb 28, 2020
$3,000,000
Ca Residl 903 Peachtree Prop
121 8th Street LLC
Grant Deed
—
Aug 22, 2018
$2,080,000
121 8th Street LLC
Sixty & Beyond LLC
Grant Deed
—
Aug 22, 2018
—
121 8th Street LLC
Sixty & Beyond LLC
Quit Claim Deed
related
—
Sep 28, 2017
—
Sixty & Beyond LLC
—
Deed
related
$724,000 · National Bank
Feb 8, 2012
$640,000
Sixty & Beyond 121 8th St LLC
Community Bk Of South
Grant Deed
—
Jan 3, 2012
$735,907
Community Bk Of South
121 Eighth Street LLC
Trustees Deed
related
—
Nov 1, 2011
$726,847
Community Bk Of South
121 Eighth Street LLC
Trustees Deed
related
—
—
—
Sixty & Beyond 121 8th St LLC
—
Deed Of Trust
related
$709,000 · Bank Of North Georgia
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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