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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
High-rise multifamily apartments
1295 Harbins Rd Norcross, GA 30093-4256
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1273365
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1986
Construction
WOOD
Total area
5,184 SF
Lot
5.97 ac (260,053 SF)
Zoning code
RM-MULTI-FAMILY RESIDENCE
APN
6-188 -626
UPID
US22-1273365
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
-
Harbinwood Apartment Complex
-
Harbinwood Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
Meadowood Apartments Of Norcross · 19 yrs held
Meadowood Apartments Of Norcross
since 2007
5 recorded transactions
Zoning & alternative use
RM-MULTI-FAMILY RESIDENCE · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+96.3%
Office building
$1.3M
+81.9%
Commercial (general)
$1.2M
+71.7%
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 Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross 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%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$695,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,365,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$1,265,000
Change: +82% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,195,000
Change: +72% · Conversion: Moderate
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$160 / 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
$59,319
Tax year 2023
Assessed value
$2,757,640
Assessed 2023
Previous assessed
$2,757,640
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$1,040,200
Assessed improvement
$1,717,440
Land market value
$2,600,500
Improvement market value
$4,293,600
Total market value
$6,894,100
Applied tax rate
1.0000
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
1986
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
5,184 SF
Lot
5.97 ac (260,053 SF)
Zoning code
RM-MULTI-FAMILY RESIDENCE
APN
6-188 -626
UPID
US22-1273365
Jurisdiction
GWINNETT
Zoning & alternative use
RM-MULTI-FAMILY RESIDENCE · Norcross, GAZoning RM-MULTI-FAMILY RESIDENCE · permitted uses
RM-MULTI-FAMILY RESIDENCE · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1986
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
5.97 ac
Current owner
From public records · entity-resolved
Meadowood Apartments Of Norcross
Individual
Mailing address
590 W KENNEDY BLVD, LAKEWOOD, NJ 08701-1224
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2019
—
Harbinwood Apts Of Gwinnett Cnty
—
Grant Deed
related
$167,350,000 · Cantor Com'l R/e Lndg
Dec 28, 2011
—
Marsh Landing Apartments Ltd
—
Deed Of Trust
related
$384,750,000 · Us Bank NA Trust 2007-c1 (te)
May 18, 2007
—
Harbinwood Apartments Of Gwinnett
—
Deed Of Trust
related
$384,750,000 · Arbor Commercial Mortgage LLC
May 15, 2007
—
Meadowood Apartments Of Norcross
Merrill Lynch Series 2006-1
Quit Claim Deed
related
$6,557,000 · Arbor Commercial Funding LLC
—
—
Harbin Investments LLC
—
Deed Of Trust
related
$1,540,000 · Columbus Bank & Trust Co
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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