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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Garden apartment buildings
1437 Lucile SW Ave Atlanta, GA 30310-1261
Entity Owned
1-yr Hold
Property ID
US22-0756264
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
13,400 SF
Lot
0.43 ac (18,513 SF)
Zoning code
R4
APN
14 014000050700
UPID
US22-0756264
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
-
PureseEtc Food Market Farmer's Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$926k
Blend (final)
Blend
$865k
Owner & transaction history
1437 Lucile LLC · 1 yrs held
1437 Lucile LLC
since 2024
Last sale
$864,840
7 recorded transactions
Zoning & alternative use
R4 · 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
$865,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $865k (Aug 29 2024)
Last sale anchor
$865k
Aug 29 2024
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
$65 / 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
Assessed value
$156,400
Assessed 2023
Previous assessed
$156,400
+0.0% YoY
Assessed land
$100,120
Assessed improvement
$56,280
Land market value
$250,300
Improvement market value
$140,700
Total market value
$391,000
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
1960
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
12
Bathrooms
1
Total area
13,400 SF
Lot
0.43 ac (18,513 SF)
Zoning code
R4
APN
14 014000050700
UPID
US22-0756264
Jurisdiction
FULTON
Zoning & alternative use
R4 · Atlanta, GA
Zoning R4 · permitted uses
R4 · 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
1960
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
12
Bathrooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
1437 Lucile LLC
Entity
Mailing address
1437 LUCILE AVE SW, ATLANTA, GA 30310-1261
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
$864,840
1437 Lucile LLC
University Community Development Co
Warranty Deed
$758,000 · Reinvestment Fund
Sep 29, 2010
—
University Community Dev Corp
Ce Williams Investments Lllp
Grant Deed
related
—
Jun 22, 2010
$155,000
University Community Developme
Ce Williams Investments Ll
Grant Deed
$157,478 · City Of Atlanta
Nov 3, 2009
—
C E Williams Investmen Lllp
Lucille Apts LLC
Grant Deed
related
—
Apr 10, 2007
$560,000
Lucille Apts LLC
Crimson Holdings LLC
Grant Deed
$448,000 · Wachovia Bk/ga
Apr 6, 2007
$560,000
Lucille Apts LLC
Crimson Holdings LLC
Grant Deed
—
Oct 15, 2004
$495,000
Crimson Holdings LLC
Aspen Funding Corp
Warranty Deed
related
$415,800 · Branch Bk&tr
Sep 10, 2004
—
Aspen Funding Corp
Wright,marthalene
Warranty Deed
related
$300,000 · Virginia K Holman
—
—
University Community Dev Corp
—
Deed Of Trust
related
$477,942 · Miscellaneous Govt Agcy
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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