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Property profile & analytics
FOR LEASE
High-rise multifamily apartments
163 Clairemont Ave Decatur, GA 30030
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2042275
For Lease
1 / 13
$27,925,000
163 Clairemont Ave, Decatur, GA 30030
View Listing →
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2022
Total area
229,480 SF
Lot
2.14 ac (93,218 SF)
APN
15 246 04 092
UPID
US22-2042275
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
-
BODY20 Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$35.29M
Blend (final)
Blend
$27.93M
Owner & transaction history
Mcref III Decatur Apts LLC · 5 yrs held
Mcref III Decatur Apts LLC
since 2020
7 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$27.93M
Range $25.13M – $30.72M · ±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
$122 / 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
$265,907
Tax year 2024
Assessed value
$34,582,480
Assessed 2024
Previous assessed
$17,872,000
+93.5% YoY
Effective rate
0.77%
On assessed value
Assessed land
$2,423,680
Assessed improvement
$32,158,800
Land market value
$6,059,200
Improvement market value
$80,397,000
Total market value
$86,456,200
Applied tax rate
92.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
For Lease
Year built
2022
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Units
194
Total area
229,480 SF
Lot
2.14 ac (93,218 SF)
APN
15 246 04 092
UPID
US22-2042275
Jurisdiction
DE KALB
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
194
Lot
2.14 ac
Current owner
From public records · entity-resolved
Mcref III Decatur Apts LLC
Entity
Mailing address
3715 NORTHSIDE PKWY NW BLDG 200-440, ATLANTA, GA 30327-2838
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2020
$88,445,000
Mcref III Decatur Apts LLC
P LP
Grant Deed
$57,489,000 · Pinnacle Bk
Sep 20, 2019
$1,850,000
P & L Commerce LLC
P & L Clairemont LP
Grant Deed
related
$750,000 · Renasant Bk
Jun 12, 2015
$1,700,000
P & L Clairemont LP
First States Investors Gs Pool
Grant Deed
—
Apr 23, 2008
—
First States Investors Gs Pool
American Financial Trs INC
Quit Claim Deed
related
$250,000,000 · Goldman Sachs Com'l Mtg Cap LP
Mar 25, 2008
$571,171
States Investors Gs Pool First
American Financial Trs INC
Grant Deed
—
Jul 19, 2007
—
American Financial Trs INC
First,states Investors 520
Grant Deed
related
—
Oct 28, 2004
$1,131,500
First States Investors 5200 LLC
Bank Of America
Grant Deed
related
—
—
—
First Sts Invtrs Gs Pool C LP
—
Loan Modification
related
$250,000,000 · Goldman-sachs Mtg
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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