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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Garden apartment buildings
1459 Mercer Ave, College Park, GA 30337-1534
Entity Owned
11-yr Hold
Free & Clear
Property ID
US22-4521369
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
6,820 SF
Lot
0.55 ac (23,871 SF)
Zoning code
R3
APN
14 013000141022
UPID
US22-4521369
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
$1.16M
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$840k
Owner & transaction history
Fm Property Investments INC · 11 yrs held
Fm Property Investments INC
since 2015
7 recorded transactions
Zoning & alternative use
R3 · College Park, 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 College Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Park 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%
$1,255,000
6.5%
$1,155,000
7%
$1,075,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,315,000
Current use
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$123 / 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
$4,347
Tax year 2023
Assessed value
$154,000
Assessed 2023
Previous assessed
$154,000
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$64,000
Assessed improvement
$90,000
Land market value
$160,000
Improvement market value
$225,000
Total market value
$385,000
Applied tax rate
15.0000
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
1972
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
8
Bathrooms
1
Total area
6,820 SF
Lot
0.55 ac (23,871 SF)
Zoning code
R3
APN
14 013000141022
UPID
US22-4521369
Jurisdiction
FULTON
Zoning & alternative use
R3 · College Park, GA
Zoning R3 · permitted uses
R3 · College Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
College Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
8
Bathrooms
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Fm Property Investments INC
Entity
Free & Clear · 11 yrs held
Mailing address
1479 SCENIC VW TRCE, LAWRENCEVILLE, GA 30044-6296
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2015
$300,000
Fm Property Investments INC
Nik Real Estate LLC
Grant Deed
—
Dec 6, 2012
$295,000
Nik Real Estate LLC
Pease,david
Warranty Deed
$200,000 · Cb Lndg
May 28, 2009
$232,500
David Peace
Village,at East Mercer Dev
Grant Deed
—
Mar 30, 2006
$660,000
1459 East Mercer Dev Partners
Pinnacle Dev Partners LLC
Warranty Deed
—
Mar 30, 2006
$1,550,000
Village At East Mercer Dev Ptrs
1459 East Mercer Dev Partners
Warranty Deed
—
Feb 24, 2006
$500,000
Pinnacle Dev Partners LLC
Akinbote,omolayo C
Warranty Deed
—
Feb 14, 2006
$500,000
Pinnacle Development Partners
Akinbote,omolayo C
Grant Deed
—
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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