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Property profile & analytics
OFF-MARKET
Estimated value
$25,960,000
Garden apartment buildings
1421 Hairston Rd, Stone Mountain, GA 30083
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1686145
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1979
Total area
17,212 SF
Lot
21.57 ac (939,589 SF)
Zoning code
RM100
APN
18 139 06 005
UPID
US22-1686145
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
$18.49M
Blend (final)
Blend
$25.96M
Owner & transaction history
Smp Lakeview Spe LLC · 4 yrs held
Smp Lakeview Spe LLC
since 2021
Last sale
$27.7M
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
$32,670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$25.96M
Range $23.36M – $28.56M · ±10% · vs last sale $27.68M (Jul 9 2021)
Last sale anchor
$27.68M
Jul 9 2021
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
$1,508 / 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
$450,724
Tax year 2024
Assessed value
$17,803,280
Assessed 2024
Previous assessed
$14,063,160
+26.6% YoY
Effective rate
2.53%
On assessed value
Assessed land
$1,389,510
Assessed improvement
$16,413,770
Land market value
$3,473,776
Improvement market value
$41,034,424
Total market value
$44,508,200
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
1979
Heating
NONE
Cooling
YES
Buildings
27
Stories
2
Units
255
Total area
17,212 SF
Lot
21.57 ac (939,589 SF)
Zoning code
RM100
APN
18 139 06 005
UPID
US22-1686145
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
1979
Heating
NONE
Cooling
Yes
Stories
2
Buildings
27
Units
255
Lot
21.57 ac
Current owner
From public records · entity-resolved
Smp Lakeview Spe LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8120 WOODMONT AVE STE #520, BETHESDA, MD 20814-2760
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2021
$27,677,500
Smp Lakeview Spe LLC
Pm Lakeview 255 Stone Mountain LLC
Limited Warranty Deed
—
May 30, 2019
$18,450,000
Pm Lakeview 255 Stone Mtn LLC
Rjj Ashland LLC
Grant Deed
—
Dec 19, 2013
$8,750,000
Rjj Ashland LLC
Vcp Ashland Lakeview LLC
Grant Deed
$6,500,000 · Hamilton State Bank
May 24, 2012
$4,672,500
Vcp Ashland Lakeview LLC
Lbubs 2006-c6 Meadowglen Villa
Grant Deed
$3,050,000 · Archetype Mortgage Capital LLC
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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