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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Garden apartment buildings
1600 Harvard Ave, College Park, GA 30337-2961
Individually Owned
10-yr Hold
Absentee Owner
Property ID
US22-0741751
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
3,520 SF
Lot
0.24 ac (10,367 SF)
Zoning code
R3
APN
14 016000060514
UPID
US22-0741751
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
$420k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$500k
Owner & transaction history
Russell S Price · 10 yrs held
Russell S Price
since 2015
7 recorded transactions
Zoning & alternative use
R3 · College Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$825,000
+21.3%
Retail stores
$790,000
+16.2%
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
$420,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$680,000
Current use
OFFICE BUILDING
$825,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$790,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
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
$142 / 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
3,520 SF
Lot
0.24 ac (10,367 SF)
Zoning code
R3
APN
14 016000060514
UPID
US22-0741751
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
$680,000
OFFICE BUILDING
Est. value
$825,000
RETAIL STORES
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS) Current
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
0.24 ac
Current owner
From public records · entity-resolved
Russell S Price
Individual
Mailing address
16620 BAEDERWOOD LN, ROCKVILLE, MD 20855-2006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2015
$180,000
Russell S Price
Leathers,laverne
Grant Deed
$135,000 · Wfb NA
Dec 14, 2012
$10,901
Laverne Leathers
Rgb Venture Capital LLC
Quit Claim Deed
related
—
Dec 27, 2011
$1,794
Rgb Venture Capital LLC
Police Chief Of Fulton County
Tax Deed
related
—
Nov 30, 2009
$31,500
Laverne Alston
Citimortgage INC
Grant Deed
—
Oct 6, 2009
$50,590
Citimortgage INC
Jones,charles
Grant Deed
related
—
Oct 29, 2007
$246,000
Charles Jones
Pacific Venture LLC
Deed
$196,800 · Citimortgage
Sep 28, 2007
$246,000
Charles Jones
Pacific Venture LLC
Grant Deed
$196,800 · Citimortgage INC
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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