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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Garden apartment buildings
1548 Harvard Ave, College Park, GA 30337-2957
Individually Owned
7-yr Hold
Property ID
US22-1419672
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1961
Construction
WOOD
Total area
4,642 SF
Lot
0.41 ac (18,034 SF)
Zoning code
R3
APN
14 016000130408
UPID
US22-1419672
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
$610k
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$821k
Blend (final)
Blend
$605k
Owner & transaction history
Southern Cross Re Hldgs One Ll · 7 yrs held
Southern Cross Re Hldgs One Ll
since 2019
Last sale
$584,400
6 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
$610,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$730,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$895,000
Current use
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $584k (Jan 3 2025)
Last sale anchor
$584k
Jan 3 2025
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
$130 / 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
$4,566
Tax year 2023
Assessed value
$161,760
Assessed 2023
Previous assessed
$161,760
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$55,200
Assessed improvement
$106,560
Land market value
$138,000
Improvement market value
$266,400
Total market value
$404,400
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
1961
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
6
Bathrooms
1
Total area
4,642 SF
Lot
0.41 ac (18,034 SF)
Zoning code
R3
APN
14 016000130408
UPID
US22-1419672
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
$895,000
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
1961
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
6
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Southern Cross Re Hldgs One Ll
Individual
Mailing address
1611 HARVARD AVE, ATLANTA, GA 30337-2951
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2019
$520,000
Southern Cross Re Hldgs One Ll
Residence On Harvard LLC
Grant Deed
—
Nov 12, 2010
$150,000
John Byrd
Harvard Avenue Property LLC
Quit Claim Deed
related
—
Nov 12, 2010
—
Residence On Harvard LLC
Byrd,john & Hilda
Warranty Deed
related
—
Oct 28, 2008
—
Reynolds Pamela Y Smith
Freeport,title Graranty
Grant Deed
related
—
Jan 5, 2005
$202,000
Thomas,freddie
Nationwide Mortgage Services INC
Grant Deed
$314,500 · Nationwide Mtg Svcs
Mar 24, 2004
—
1548-58 Harvard Avenue Land Trust
Reynolds,pamela S
Warranty Deed
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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