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Property profile & analytics
OFF-MARKET
Estimated value
$24,150,000
Garden apartment buildings
1250 Powder Spgs St, Marietta, GA 30064-5236
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US22-0726387
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1995
Total area
213,318 SF
Lot
19.28 ac (840,000 SF)
Zoning code
PRD MF
APN
19018600010
UPID
US22-0726387
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.13M
Blend (final)
Blend
$24.15M
Owner & transaction history
Star 1250 West LLC · 9 yrs held
Star 1250 West LLC
since 2016
7 recorded transactions
Zoning & alternative use
PRD MF · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$39.5M
+20.9%
Auto repair, garage
$37.1M
+13.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$32,670,000
Current use
COMMERCIAL (GENERAL)
$39,510,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$37,060,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$24.15M
Range $21.74M – $26.57M · ±10%
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
$113 / 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
$98,368
Tax year 2024
Assessed value
$10,599,466
Assessed 2024
Previous assessed
$11,627,458
-8.8% YoY
Effective rate
0.93%
On assessed value
Assessed land
$3,628,800
Assessed improvement
$6,970,666
Land market value
$9,072,000
Improvement market value
$17,426,664
Total market value
$26,498,664
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
1995
Heating
NONE
Buildings
5
Units
200
Total area
213,318 SF
Lot
19.28 ac (840,000 SF)
Zoning code
PRD MF
APN
19018600010
UPID
US22-0726387
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
$32.7M
COMMERCIAL (GENERAL)
Est. value
$39.5M
AUTO REPAIR, GARAGE
Est. value
$37.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1995
Heating
NONE
Buildings
5
Units
200
Lot
19.28 ac
Current owner
From public records · entity-resolved
Star 1250 West LLC
Entity
Mailing address
PO BOX 530292, BIRMINGHAM, AL 35253-0292
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
—
Star 1250 West LLC
—
Deed
related
$592,137,000 · Federal Nat'l Mtg Assn (fnma)
Aug 18, 2016
$55,800,000
Star 1250 West LLC
Powder Springs Apartment Ptrs
Grant Deed
$41,850,000 · Berkeley Point Cap
Aug 18, 2016
—
Star 1250 West LLC
Powder Springs Apartment Ptrs
Quit Claim Deed
related
—
Jun 30, 2011
—
Ashley Mill Apartments LLC
Federal Hm Ln Mtg Corp
Deed Of Trust
related
$15,740,000 · Nxt Capital LLC
Sep 17, 2010
$20,780,952
Federal Home Loan Mtg Corp
Gel Ashley Mill LP
Trustees Deed
related
—
May 25, 2006
$27,600,000
Ashley Mill Gel
Capreit Ashley Mills Limited Par
Grant Deed
$21,500,000 · Deutsche Bank Berkshire Mtg
—
—
Star 1250 West LLC
—
Loan Modification
related
$592,137,000 · Federal Nat'l Mtg Assn (fnma)
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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