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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Garden apartment buildings
1592 Harvard Ave College Park, GA 30337-2918
Individually Owned
2-yr Hold
Property ID
US22-4427962
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
3,500 SF
Lot
0.22 ac (9,714 SF)
Zoning code
R3
APN
14 016000060647
UPID
US22-4427962
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
$600k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$600k
Owner & transaction history
Howard Desmond · 2 yrs held
Howard Desmond
since 2024
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
R3 · College Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R3 district is intended to provide the development of single family dwellings served by public water and sewer systems, The provisions that regulate this land use district provides for the development of residential neighborhoods in a medium density urban environment, This district should be protected from conflicting land uses
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
187.87 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$985,000
+45.6%
Neighborhood: shopping center
$955,000
+41.0%
Medical building
$950,000
+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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$550,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$675,000
Current use
COMMERCIAL (GENERAL)
$985,000
Change: +46% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$955,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$950,000
Change: +41% · Conversion: Moderate
AUTO REPAIR, GARAGE
$890,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$820,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$785,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Jan 3 2024)
Last sale anchor
$600k
Jan 3 2024
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
$171 / 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
$3,082
Tax year 2023
Assessed value
$109,200
Assessed 2023
Previous assessed
$109,200
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$36,800
Assessed improvement
$72,400
Land market value
$92,000
Improvement market value
$181,000
Total market value
$273,000
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
1960
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
4
Bathrooms
1
Total area
3,500 SF
Lot
0.22 ac (9,714 SF)
Zoning code
R3
APN
14 016000060647
UPID
US22-4427962
Jurisdiction
FULTON
Zoning & alternative use
R3 · College Park, GAZoning 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
Zoning description
The R3 district is intended to provide the development of single family dwellings served by public water and sewer systems, The provisions that regulate this land use district provides for the development of residential neighborhoods in a medium density urban environment, This district should be protected from conflicting land uses
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
187.87 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$675,000
COMMERCIAL (GENERAL)
Est. value
$985,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$955,000
MEDICAL BUILDING
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$890,000
OFFICE BUILDING
Est. value
$820,000
RETAIL STORES
Est. value
$785,000
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
1960
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
4
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Howard Desmond
Individual
Mailing address
1592 HARVARD AVE, COLLEGE PARK, GA 30337-2918
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
$600,000
Howard Desmond
Southern Cross Re Holdings 1 LLC
Warranty Deed
$570,000 · The Loan Store
Jan 7, 2019
—
Southern Cross Re Hldgs One Ll
Residence On Harvard LLC
Quit Claim Deed
related
—
Jan 7, 2019
$520,000
Southern Cross Re Hldgs One Ll
Residence On Harvard LLC
Grant Deed
—
Jul 14, 2009
—
Residence On Harvard LLC
Byrd,john
Grant Deed
related
—
—
—
John Byrd
—
Deed Of Trust
related
$101,786 · Regions Bank
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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