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Property profile & analytics
OFF-MARKET
Estimated value
$23,690,000
Garden apartment buildings
1500 Bellemeade SW Dr Marietta, GA 30008-3683
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1843267
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Total area
133,813 SF
Lot
10 ac (435,600 SF)
Zoning code
RM-12
APN
17006600110
UPID
US22-1843267
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
-
The Taylor Apartment Homes Apartment Complex Apartment Rental Agency
-
Bellemeade Oncology Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.66M
Comparable Approach
Comparable
$31.06M
Blend (final)
Blend
$23.69M
Owner & transaction history
Ccp The Taylor LLC · 4 yrs held
Ccp The Taylor LLC
since 2021
Last sale
$22.0M
7 recorded transactions
Zoning & alternative use
RM-12 · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$32.3M
+57.7%
Commercial (general)
$30.2M
+47.6%
Neighborhood: shopping center
$29.5M
+43.8%
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 Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta 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
$25,805,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,960,000
6.5%
$27,655,000
7%
$25,680,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$20,495,000
Current use
MEDICAL BUILDING
$32,320,000
Change: +58% · Conversion: Moderate
COMMERCIAL (GENERAL)
$30,245,000
Change: +48% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$29,460,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$29,435,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$23,245,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$23.69M
Range $21.32M – $26.06M · ±10% · vs last sale $22.00M (Jul 26 2021)
Last sale anchor
$22.00M
Jul 26 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
$177 / 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
$263,265
Tax year 2024
Assessed value
$8,731,840
Assessed 2024
Previous assessed
$5,667,680
+54.1% YoY
Effective rate
3.02%
On assessed value
Assessed land
$2,038,608
Assessed improvement
$6,693,232
Land market value
$5,096,520
Improvement market value
$16,733,080
Total market value
$21,829,600
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
NONE
Buildings
5
Units
116
Total area
133,813 SF
Lot
10 ac (435,600 SF)
Zoning code
RM-12
APN
17006600110
UPID
US22-1843267
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Marietta, GA
Zoning RM-12 · permitted uses
RM-12 · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$20.5M
MEDICAL BUILDING
Est. value
$32.3M
COMMERCIAL (GENERAL)
Est. value
$30.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.5M
RETAIL STORES
Est. value
$29.4M
AUTO REPAIR, GARAGE
Est. value
$23.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
Heating
NONE
Buildings
5
Units
116
Lot
10 ac
Current owner
From public records · entity-resolved
Ccp The Taylor LLC
Entity
Mailing address
402 SAM SNEAD DR, MEBANE, NC 27302-7425
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2021
$22,000,000
Ccp The Taylor LLC
Cig Taylor Apartments LLC
Limited Warranty Deed
$14,920,000 · Berkadia Commercial Mortgage LLC
May 15, 2018
$3,030,000
Cig Tay Wpmg LLC
Flt Belle Chase Waimanu LLC
Warranty Deed
—
May 25, 2017
—
Flt Belle Chase Waimanu LLC
—
Deed
related
$10,220,000 · Berkadia Commercial Mortgage
Jun 5, 2015
$5,336,000
Flt Belle Chase-waimanu LLC
Belle Chase LLC
Grant Deed
related
$5,800,000 · Wells Fargo Bk
Jun 1, 2006
—
Belle Chase LLC
Belle Chase Apartments LLC
Quit Claim Deed
related
$3,600,000 · Regions Bank
Jun 1, 2006
$3,915,000
Belle Chase LLC
Belle Chase Apartments LLC
Grant Deed
related
—
May 31, 2006
$3,915,000
Chasellc Belle
Belle,chase Apartments Lc
Grant Deed
related
—
—
—
Belle Chase LLC
—
Deed Of Trust
related
$4,140,000 · Commercial Lending Corp 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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