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Property profile & analytics
OFF-MARKET
Garden apartment buildings
148 Summerwood Dr Fairburn, GA 30213-1463
Entity Owned
13-yr Hold
Property ID
US22-0219120
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
3,776 SF
Lot
0.58 ac (25,352 SF)
Zoning code
R1
APN
09F171300660226
UPID
US22-0219120
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
by Request
Owner & transaction history
Pink Homes LLC · 13 yrs held
Pink Homes LLC
since 2013
7 recorded transactions
Zoning & alternative use
R1 · Fairburn, 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 Fairburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairburn 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
—
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
$2,373
Tax year 2023
Assessed value
$84,080
Assessed 2023
Previous assessed
$84,080
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$27,600
Assessed improvement
$56,480
Land market value
$69,000
Improvement market value
$141,200
Total market value
$210,200
Applied tax rate
25.0000
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
1985
Construction
WOOD
Heating
NONE
Stories
1
Units
4
Bathrooms
1
Total area
3,776 SF
Lot
0.58 ac (25,352 SF)
Zoning code
R1
APN
09F171300660226
UPID
US22-0219120
Jurisdiction
FULTON
Zoning & alternative use
R1 · Fairburn, GA
Zoning R1 · permitted uses
R1 · Fairburn, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairburn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
NONE
Stories
1
Units
4
Bathrooms
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Pink Homes LLC
Entity
Mailing address
11604 THACKER DR, CLERMONT, FL 34711-8094
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2022
—
Pink Homes LLC
—
Deed
related
$303,750 · Royal Pacific Funding
Jul 8, 2013
$134,000
Pink Homes LLC
Starlight Hills Properties LLC
Grant Deed
—
Apr 10, 2013
—
Charles B Mays
Mays,teresa E
Quit Claim Deed
related
—
Apr 10, 2013
$75,000
Starlight Hills Properties LLC
Mays,charles B
Warranty Deed
—
Oct 2, 2012
—
Charles B Mays
Npp Ents LLC
Quit Claim Deed
related
—
Nov 4, 2010
—
Npp Ents LLC
Mays,charles B
Warranty Deed
related
—
Jan 11, 2002
—
Charles B Mays
Mays,charles B
Quit Claim Deed
related
$144,000 · Southtrust Mtg
Jan 11, 2002
$160,000
Charles B Mays
Skinner,donald C & Patricia H
Warranty Deed
related
$144,000 · Southtrust Mtg
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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