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Property profile & analytics
OFF-MARKET
Estimated value
$9,765,000
Garden apartment buildings
1420 Hairston Rd, Stone Mountain, GA 30088-3038
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0833815
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1987
Total area
10,068 SF
Lot
102.84 ac (4,479,710 SF)
Zoning code
RM100
APN
15 193 13 009
UPID
US22-0833815
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
-
Lee’s general store Department Store Grocery & Convenience Store
-
Affordable Self Storage Unit Storage Facility
-
Katich Self Storage Unit Storage Facility
-
The Reserve at Stone Creek Apartment Complex
-
Thomasville Elementary High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.00M
Blend (final)
Blend
$9.77M
Owner & transaction history
Reserve At Stone Creek LLC · 8 yrs held
Reserve At Stone Creek LLC
since 2017
4 recorded transactions
Zoning & alternative use
RM100 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.77M
Range $8.79M – $10.74M · ±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
$970 / 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
$2,119,046
Tax year 2024
Assessed value
$47,485,880
Assessed 2024
Previous assessed
$26,033,720
+82.4% YoY
Effective rate
4.46%
On assessed value
Assessed land
$3,441,040
Assessed improvement
$44,044,840
Land market value
$8,602,600
Improvement market value
$110,112,100
Total market value
$118,714,700
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
1987
Heating
NONE
Cooling
YES
Buildings
85
Stories
2
Units
822
Total area
10,068 SF
Lot
102.84 ac (4,479,710 SF)
Zoning code
RM100
APN
15 193 13 009
UPID
US22-0833815
Jurisdiction
DE KALB
Zoning & alternative use
RM100 · Stone Mountain, GA
Zoning RM100 · permitted uses
RM100 · 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
1987
Heating
NONE
Cooling
Yes
Stories
2
Buildings
85
Units
822
Lot
102.84 ac
Current owner
From public records · entity-resolved
Reserve At Stone Creek LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2431 ATLANTIC AVE #1, MANASQUAN, NJ 08736-1014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Aug 27, 2024
—
Reserve At Stone Creek LLC
—
Deed
related
$55,475,000 · Greystone Servicing
Sep 19, 2017
$49,000,000
Reserve At Stone Creek LLC
Treehills Partners LLC
Grant Deed
—
Sep 19, 2017
—
Reserve At Stone Creek LLC
Treehills Partners LLC
Quit Claim Deed
related
—
Dec 14, 2007
$46,500,000
Treehills Partners LLC
Tree Hills 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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