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Property profile & analytics
FOR SALE
Garden apartment buildings
1627 Line Cir Decatur, GA 30032
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-0288189
For Sale
1 / 31
$524,900
1627 Line Cir, Decatur, GA 30032
View Listing →
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1961
Construction
WOOD FRAME
Total area
3,860 SF
Lot
0.09 ac (3,877 SF)
Zoning code
RM85
APN
15 184 19 014
UPID
US22-0288189
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Boakai Mamey · 2 yrs held
Boakai Mamey
since 2024
Last sale
$401,234
7 recorded transactions
Zoning & alternative use
RM85 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,850
Tax year 2024
Assessed value
$144,640
Assessed 2024
Previous assessed
$144,640
+0.0% YoY
Effective rate
4.74%
On assessed value
Assessed land
$13,100
Assessed improvement
$131,540
Land market value
$32,750
Improvement market value
$328,850
Total market value
$361,600
Applied tax rate
4.0000
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
For Sale
Year built
1961
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
2
Units
4
Total area
3,860 SF
Lot
0.09 ac (3,877 SF)
Zoning code
RM85
APN
15 184 19 014
UPID
US22-0288189
Jurisdiction
DE KALB
Zoning & alternative use
RM85 · Decatur, GA
Zoning RM85 · permitted uses
RM85 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Lot
0.09 ac
Current owner
From public records · entity-resolved
Boakai Mamey
Individual
Mailing address
1627 LINE CIR, DECATUR, GA 30032-3365
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
$401,234
Boakai Mamey
Midway Exchange Trs 1 Lllc
Special Warranty Deed
$381,172 · Movement Mortgage
Oct 2, 2023
—
Midway Exchange Trs 1 LLC
Midway Exchange Borrower 8 LLC
Quit Claim Deed
related
—
Jun 21, 2022
—
Midway Exchange Borrower 8 LLC
Fyr Sfr Borrower LLC
Warranty Deed
—
Jul 1, 2020
—
Arlp Reo 400 LLC
Corporate Fndg Americas Nomura
Quit Claim Deed
related
—
Aug 28, 2018
$27,578,500
Fyr Sfr Borrower LLC
Arlp Reo 400 LLC
Grant Deed
$508,700 · Berkadia Com'l Mtg
Apr 19, 2013
$38,000
Atlanta Regions Ssh-i LLC
Schlam,bari
Trustees Deed
—
Jun 21, 2007
—
1627 Line Circle LLC
Schlam,bari
Grant Deed
related
—
Jun 29, 2006
—
Burton Kosmal
Schlam,bari
Grant Deed
related
—
Nov 28, 2005
$241,845
Long Beach Mtg Co
Maynard-ryan,cheryl
Trustees Deed
related
—
Oct 12, 2004
—
Anissa Ryan
—
Trustees Deed
related
$10,000 · Paul Clarke
Oct 11, 2004
$257,000
Cheryl M Ryan
Clarke,paul & Vivian
Warranty Deed
$200,000 · Aames Home Loan
—
—
Burton Kosmal
—
Deed Of Trust
related
$27,000 · Greenpoint Mortgage Funding
—
—
Burton Kosmal
—
Deed Of Trust
related
$216,000 · Greenpoint Mortgage Funding
—
—
Fyr Sfr Borrower LLC
—
Loan Modification
related
$508,700 · Nexpoint Wlif II Borrower LLC
—
—
Burton Kosmal
—
Deed Of Trust
related
$231,000 · First Horizon Corp
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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