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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Garden apartment buildings
1315 Nwnw NW Dr Atlanta, GA 30318-3816
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-2486574
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2022
Construction
WOOD
Total area
6,235 SF
Lot
22.86 ac (995,651 SF)
Zoning code
R5
APN
17 0258 LL1325
UPID
US22-2486574
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
$1.52M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.48M
Owner & transaction history
Atlanta Development Authority · 4 yrs held
Atlanta Development Authority
since 2021
6 recorded transactions
Zoning & alternative use
R5 · Atlanta, 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 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
by Request
ML approach
$1,520,000
CAP Approach
CAP Return
Estimation
6%
$1,250,000
6.5%
$1,150,000
7%
$1,070,000
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$237 / 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
$922,233
Tax year 2023
Assessed value
$22,276,160
Assessed 2023
Previous assessed
$359,080
+6,103.7% YoY
Effective rate
4.14%
On assessed value
Assessed land
$1,144,000
Assessed improvement
$21,132,160
Land market value
$2,860,000
Improvement market value
$52,830,400
Total market value
$55,690,400
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2022
Construction
WOOD
Heating
NONE
Buildings
4
Stories
1
Units
286
Total area
6,235 SF
Lot
22.86 ac (995,651 SF)
Zoning code
R5
APN
17 0258 LL1325
UPID
US22-2486574
Jurisdiction
FULTON
Zoning & alternative use
R5 · Atlanta, GA
Zoning R5 · permitted uses
R5 · 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.
Building & site characteristics
From public records
Year built
2022
Construction
WOOD
Heating
NONE
Stories
1
Buildings
4
Units
286
Lot
22.86 ac
Current owner
From public records · entity-resolved
Atlanta Development Authority
Entity
Free & Clear · 4 yrs held
Mailing address
133 PEACHTREE ST NE STE #2900, ATLANTA, GA 30303-1815
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2021
—
Atlanta Development Authority
Ngi Nw Drive LLC
Limited Warranty Deed
—
Sep 14, 2021
$1,279,752
Ngi Nw Drive LLC
Jhb Properties Lllp
Warranty Deed
—
Apr 19, 2018
$475,000
Sm Atlanta Lcc
Ngi Nw Drive LLC
Grant Deed
—
Nov 3, 2016
$1,850,000
Ngi Nw Drive LLC
Northwest Drive Partners LLC
Grant Deed
—
Nov 3, 2016
—
Ngi Nw Drive LLC
Northwest Drive Partners LLC
Quit Claim Deed
related
—
Dec 23, 2014
$550,000
Northwest Drive Partners LLC
Columns Northwest Drive LLC
Grant Deed
related
—
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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