New search
Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
1355 Graves Rd, Norcross, GA 30093-1373
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-0626011
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1973
Construction
WOOD
Total area
22,680 SF
Lot
29.53 ac (1,286,327 SF)
Zoning code
RM-MULTI-FAMILY RESIDENCE
APN
6-191 -079
UPID
US22-0626011
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
-
Mike remoudeling Construction Company
-
Mike Remodeling Construction Company
-
Elliot Norcross Apartment Complex Apartment Building
-
Julia's Best Cleaning Service Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vida Borrower LLC · 4 yrs held
Vida Borrower LLC
since 2021
Last sale
$64.0M
6 recorded transactions
Zoning & alternative use
RM-MULTI-FAMILY RESIDENCE · Norcross, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$339,226
Tax year 2023
Assessed value
$9,200,000
Assessed 2023
Previous assessed
$9,200,000
+0.0% YoY
Effective rate
3.69%
On assessed value
Assessed land
$3,084,040
Assessed improvement
$6,115,960
Land market value
$7,710,100
Improvement market value
$15,289,900
Total market value
$23,000,000
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
1973
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
8
Stories
3
Total area
22,680 SF
Lot
29.53 ac (1,286,327 SF)
Zoning code
RM-MULTI-FAMILY RESIDENCE
APN
6-191 -079
UPID
US22-0626011
Jurisdiction
GWINNETT
Zoning & alternative use
RM-MULTI-FAMILY RESIDENCE · Norcross, GA
Zoning 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
Norcross. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Buildings
8
Lot
29.53 ac
Current owner
From public records · entity-resolved
Vida Borrower LLC
Entity
Free & Clear · 4 yrs held
Mailing address
461 5TH AVE FL #16, NEW YORK, NY 10017-7718
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
Nov 30, 2021
$64,000,000
Vida Borrower LLC
Sienna Heights Mf Ventures LLC
Limited Warranty Deed
—
Oct 31, 2019
—
Sienna Hispanic Mf Ventures Ll
Sienna Hispanic Mf Ventures Ll
Quit Claim Deed
related
—
Jun 12, 2008
$16,200,000
Casa Los Pinos LLC
Wyndcliff Equity I LLC
Grant Deed
—
Jun 12, 2008
—
Casa Los Pinos LLC
Wyndcliff Equity I LLC
Grant Deed
related
—
Jul 15, 2005
$12,950,000
Wyndcliff Equity I LLC
Worthing Pines
Grant Deed
related
$30,000,000 · Wachovia Bank NA
Mar 20, 1996
—
L And L Briargate Associates LP
Briargate Apartmentsinc
Quit Claim Deed
related
$8,600,000 · Bank United/tx
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1355 Graves Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
