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Property profile & analytics
OFF-MARKET
Estimated value
$34,060,000
Garden apartment buildings
1600 Tibarron SE Pkwy Smyrna, GA 30080-7280
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1204501
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Total area
211,506 SF
Lot
20.63 ac (898,512 SF)
Zoning code
CRC
APN
17075300010
UPID
US22-1204501
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
-
Kuyetsham hair stylist Hair Salon
-
Rollies hair braiding Hair Salon
-
MK Brokers Business Broker Commercial Real Estate Agency
-
The Emerson 1600 Apartment Complex
-
gettotallyexclusive Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$43.72M
Comparable Approach
Comparable
$38.31M
Blend (final)
Blend
$34.06M
Owner & transaction history
Latitude Emerson 1600 LLC · 7 yrs held
Latitude Emerson 1600 LLC
since 2018
5 recorded transactions
Zoning & alternative use
CRC · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$52.0M
+38.4%
Retail stores
$48.9M
+30.3%
Auto repair, garage
$42.1M
+12.1%
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 Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna 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%
$47,355,000
6.5%
$43,715,000
7%
$40,590,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$37,535,000
Current use
MEDICAL BUILDING
$51,950,000
Change: +38% · Conversion: Moderate
RETAIL STORES
$48,900,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$42,090,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$41,440,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$34.06M
Range $30.65M – $37.47M · ±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
$161 / 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
$334,665
Tax year 2024
Assessed value
$11,100,000
Assessed 2024
Previous assessed
$11,280,000
-1.6% YoY
Effective rate
3.02%
On assessed value
Assessed land
$4,672,264
Assessed improvement
$6,427,736
Land market value
$11,680,660
Improvement market value
$16,069,340
Total market value
$27,750,000
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
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
1985
Heating
NONE
Buildings
11
Units
246
Total area
211,506 SF
Lot
20.63 ac (898,512 SF)
Zoning code
CRC
APN
17075300010
UPID
US22-1204501
Jurisdiction
COBB
Zoning & alternative use
CRC · Smyrna, GA
Zoning CRC · permitted uses
CRC · Smyrna, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smyrna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$37.5M
MEDICAL BUILDING
Est. value
$52.0M
RETAIL STORES
Est. value
$48.9M
AUTO REPAIR, GARAGE
Est. value
$42.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$41.4M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Heating
NONE
Buildings
11
Units
246
Lot
20.63 ac
Current owner
From public records · entity-resolved
Latitude Emerson 1600 LLC
Entity
Mailing address
350 S BEVERLY DR STE #300, BEVERLY HILLS, CA 90212-4816
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Dec 18, 2018
$34,000
Latitude Emerson 1600 LLC
Ocp Ashbrook Crossing LLC
Grant Deed
related
$20,000,000 · Jones Lang Lasalle Multifamily
Oct 30, 2017
$167,400
Aspen Hills Associates LLC
Ocp Ashbrook Crossing LLC
Grant Deed
—
Oct 30, 2017
—
Aspen Hills Associates LLC
Ocp Ashbrook Crossing LLC
Quit Claim Deed
related
$21,000,000 · Resource Cap Corp 2017-cre5 Lt
Dec 18, 2007
—
Aspen Hills Assocs LLC
Aspen Hills Apts LLC
Quit Claim Deed
related
—
Dec 18, 2007
$16,500,000
Aspen Hills Assocs LLC
Aspen Hills Apts LLC
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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