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Property profile & analytics
OFF-MARKET
Estimated value
$1,875,000
Garden apartment buildings
1611 Harvard Ave, Atlanta, GA 30337-2951
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-1183593
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1961
Construction
WOOD
Total area
10,740 SF
Lot
1.16 ac (50,399 SF)
Zoning code
R3
APN
14 016000060712
UPID
US22-1183593
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
$1.68M
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$1.88M
Owner & transaction history
1611 Harvard LLC · 1 yrs held
1611 Harvard LLC
since 2025
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
R3 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+45.6%
Neighborhood: shopping center
$2.9M
+41.0%
Medical building
$2.9M
+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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$1,520,000
ML approach
$1,675,000
CAP Approach
CAP Return
Estimation
6%
$1,975,000
6.5%
$1,825,000
7%
$1,690,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,075,000
Current use
COMMERCIAL (GENERAL)
$3,020,000
Change: +46% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,925,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$2,920,000
Change: +41% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,725,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$2,515,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$2,410,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.88M
Range $1.69M – $2.06M · ±10% · vs last sale $2.00M (Jan 3 2025)
Last sale anchor
$2.00M
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
$175 / 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
$13,314
Tax year 2023
Assessed value
$471,680
Assessed 2023
Previous assessed
$471,680
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$192,000
Assessed improvement
$279,680
Land market value
$480,000
Improvement market value
$699,200
Total market value
$1,179,200
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
Buildings
3
Stories
1
Units
12
Bathrooms
2
Total area
10,740 SF
Lot
1.16 ac (50,399 SF)
Zoning code
R3
APN
14 016000060712
UPID
US22-1183593
Jurisdiction
FULTON
Zoning & alternative use
R3 · Atlanta, GA
Zoning R3 · permitted uses
R3 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.4M
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
1961
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
12
Bathrooms
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
1611 Harvard LLC
Entity
Mailing address
1611 HARVARD AVE, ATLANTA, GA 30337-2951
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2025
$2,000,000
1611 Harvard LLC
Southern Cross Re Holdings 1 LLC
Warranty Deed
$1,500,000 · Southern Cross Re Holdings One
Jan 7, 2019
$1,290,000
Southern Cross Re Hldgs One Ll
Harvard House LLC
Grant Deed
—
Jan 7, 2019
—
Southern Cross Re Hldgs One Ll
Harvard House LLC
Quit Claim Deed
related
—
May 21, 2004
$997,500
Harvard House LLC
Watson,william L & Martha L
Warranty Deed
$798,000 · William L & Martha L Watson
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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