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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
High-rise multifamily apartments
1221 Indian Crk Pl Stone Mountain, GA 30083-5515
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0867504
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2023
Total area
57,228 SF
Lot
0.64 ac (27,748 SF)
Zoning code
HR-1
APN
15 222 13 019
UPID
US22-0867504
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
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Creek Town Flats LLC · 4 yrs held
Creek Town Flats LLC
since 2021
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
HR-1 · Stone Mountain, 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 Stone Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stone Mountain 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
$1,710,000
ML approach
$1,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $1.45M (Oct 26 2021)
Last sale anchor
$1.45M
Oct 26 2021
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
$26 / 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
$141,100
Tax year 2024
Assessed value
$3,796,600
Assessed 2024
Previous assessed
$53,280
+7,025.8% YoY
Effective rate
3.72%
On assessed value
Assessed land
$164,160
Assessed improvement
$3,632,440
Land market value
$410,400
Improvement market value
$9,081,100
Total market value
$9,491,500
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
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
2023
Heating
NONE
Stories
1
Units
51
Total area
57,228 SF
Lot
0.64 ac (27,748 SF)
Zoning code
HR-1
APN
15 222 13 019
UPID
US22-0867504
Jurisdiction
DE KALB
Zoning & alternative use
HR-1 · Stone Mountain, GA
Zoning HR-1 · permitted uses
HR-1 · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stone Mountain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2023
Heating
NONE
Stories
1
Units
51
Lot
0.64 ac
Current owner
From public records · entity-resolved
Creek Town Flats LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9155 WAITS FRY XING #109, DULUTH, GA 30097-2459
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2021
—
Creek Town Flats LLC
Anik Creek Town Flats LLC
Warranty Deed
—
Oct 26, 2021
$1,450,000
Anik Creek Town Flats LLC
Sudhir Tejpaul
Warranty Deed
—
May 6, 2020
—
Sudhir Tejpaul
V & S Holdings LLC
Quit Claim Deed
related
—
Nov 10, 2005
—
Building Block Ents LLC
Defares,ralph
Warranty Deed
$200,000 · Roswell Holdings 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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