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Property profile & analytics
OFF-MARKET
Estimated value
$58,020,000
Garden apartment buildings
1475 Boat Rock SW Rd South Fulton, GA 30331
Entity Owned
5-yr Hold
Property ID
US22-1944752
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2008
Construction
WOOD
Total area
124,161 SF
Lot
23 ac (1,001,880 SF)
Zoning code
MIXU
APN
14F0108 LL1674
UPID
US22-1944752
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
by Request
Blend (final)
Blend
$58.02M
Owner & transaction history
Sand Bay Fee Owner LLC · 5 yrs held
Sand Bay Fee Owner LLC
since 2021
Last sale
$63.5M
7 recorded transactions
Zoning & alternative use
MIXU · South Fulton, 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 South Fulton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Fulton 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
$467 / 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
$613,354
Tax year 2023
Assessed value
$21,730,120
Assessed 2023
Previous assessed
$15,052,680
+44.4% YoY
Effective rate
2.82%
On assessed value
Assessed land
$2,100,000
Assessed improvement
$19,630,120
Land market value
$5,250,000
Improvement market value
$49,075,300
Total market value
$54,325,300
Applied tax rate
55.0000
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
2008
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Units
42
Total area
124,161 SF
Lot
23 ac (1,001,880 SF)
Zoning code
MIXU
APN
14F0108 LL1674
UPID
US22-1944752
Jurisdiction
FULTON
Zoning & alternative use
MIXU · South Fulton, GA
Zoning MIXU · permitted uses
MIXU · South Fulton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Fulton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Units
42
Lot
23 ac
Current owner
From public records · entity-resolved
Sand Bay Fee Owner LLC
Entity
Mailing address
10100 SANTA MONICA BLVD STE #400, LOS ANGELES, CA 90067-4108
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2023
—
Sand Bay Fee Owner LLC
—
Deed
related
$42,333,000 · Walker And Dunlop
Apr 26, 2021
$63,500,000
Sand Bay Fee Owner LLC
Ceai Sandtown Vista LLC
Special Warranty Deed
$263,523,008 · Parlex 5 Finco
Dec 6, 2016
$9,773,400
Ceai Sandtown Vista LLC
Sandtown Apartments LLC
Grant Deed
related
—
Dec 6, 2016
—
Zp Fund III LLC
—
Deed
related
$22,165,000 · Cbre Cap Markets
Jun 1, 2011
$25,000,000
L-a Sandtown Owner LLC
L-a Sandtown Noteholder LLC
Grant Deed
related
$17,080,000 · Cbre Capital Markets INC
Dec 7, 2010
$30,405,792
L-a Sandtown Noteholder LLC
Sandtown Vista LLC
Trustees Deed
related
—
Oct 22, 2010
—
L-a Sandtown Noteholder LLC
Sandtown Vista LLC
Deed In Lieu Of Foreclosure
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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