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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Garden apartment buildings
1591 Harvard Ave, College Park, GA 30337-2923
Individually Owned
3-yr Hold
Property ID
US22-1524229
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1950
Construction
WOOD
Total area
2,640 SF
Lot
0.13 ac (5,706 SF)
Zoning code
R3
APN
14 016000060696
UPID
US22-1524229
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
$450k
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$520k
Owner & transaction history
Howard Desmond · 3 yrs held
Howard Desmond
since 2022
Last sale
$537,000
6 recorded transactions
Zoning & alternative use
R3 · College Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$740,000
+45.6%
Neighborhood: shopping center
$720,000
+41.0%
Medical building
$720,000
+40.8%
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 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%
$485,000
6.5%
$450,000
7%
$415,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$510,000
Current use
COMMERCIAL (GENERAL)
$740,000
Change: +46% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$720,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$720,000
Change: +41% · Conversion: Moderate
AUTO REPAIR, GARAGE
$670,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$590,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $537k (Oct 7 2022)
Last sale anchor
$537k
Oct 7 2022
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
$197 / 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
$5,841
Tax year 2023
Assessed value
$206,920
Assessed 2023
Previous assessed
$109,200
+89.5% YoY
Effective rate
2.82%
On assessed value
Assessed land
$32,000
Assessed improvement
$174,920
Land market value
$80,000
Improvement market value
$437,300
Total market value
$517,300
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
1950
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
4
Bathrooms
1
Total area
2,640 SF
Lot
0.13 ac (5,706 SF)
Zoning code
R3
APN
14 016000060696
UPID
US22-1524229
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
$510,000
COMMERCIAL (GENERAL)
Est. value
$740,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$720,000
MEDICAL BUILDING
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$670,000
OFFICE BUILDING
Est. value
$620,000
RETAIL STORES
Est. value
$590,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1950
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
4
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Howard Desmond
Individual
Mailing address
475 SW 7TH ST APT #402, MIAMI, FL 33130-4590
Ownership since
2022
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
Oct 7, 2022
$537,000
Howard Desmond
1591 Harvard Avenue LLC
Warranty Deed
$527,273 · Homestar Financial
Oct 9, 2019
—
1591 Harvard Avenue LLC
Jeff Jorfan
Quit Claim Deed
related
—
Oct 18, 2018
—
Jeff Jordan
Tfes 665 LLC
Grant Deed
related
—
Jun 7, 2018
$145,000
Tfes 665 LLC
Revival Holdings LLC
Grant Deed
—
Jan 2, 2018
$60,000
Renew Georgia INC
Pfs Group LLC
Quit Claim Deed
related
—
Mar 14, 2014
$25,913
Pfs Group LLC
Sheriff Of Fulton County
Tax 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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