Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$110,230,000
Garden apartment buildings
1650 Anderson Ml Rd Austell, GA 30106-1252
Entity Owned
~
Est. High Equity
Property ID
US22-0329988
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2000
Total area
403,898 SF
Lot
37.53 ac (1,634,763 SF)
Zoning code
RM-12
APN
19099400010
UPID
US22-0329988
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
-
Loane Luxury Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Alta Mill Apartments Apartment Complex Apartment Building
-
Nittemon Food Services LLC African Goods Store
-
Burns Notary Services Law Firm
-
Digitzilla.online Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$83.48M
Comparable Approach
Comparable
$133.87M
Blend (final)
Blend
$110.23M
Owner & transaction history
Sreit Alta Mill Apartments LLC
Sreit Alta Mill Apartments LLC
since 2026
Last sale
$109.3M
5 recorded transactions
Zoning & alternative use
RM-12 · Austell, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$151.6M
+75.6%
Medical building
$99.2M
+14.9%
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 Austell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austell 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
$115,240,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$90,435,000
6.5%
$83,475,000
7%
$77,515,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$86,330,000
Current use
WAREHOUSE, STORAGE
$151,580,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$99,205,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$80,380,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$79,140,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$110.23M
Range $99.21M – $121.25M · ±10% · vs last sale $109.29M (Jan 18 2022)
Last sale anchor
$109.29M
Jan 18 2022
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
$273 / 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
$894,536
Tax year 2024
Assessed value
$29,669,520
Assessed 2024
Previous assessed
$19,935,480
+48.8% YoY
Effective rate
3.01%
On assessed value
Assessed land
$6,800,616
Assessed improvement
$22,868,904
Land market value
$17,001,540
Improvement market value
$57,172,260
Total market value
$74,173,800
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
2000
Heating
NONE
Buildings
6
Units
436
Total area
403,898 SF
Lot
37.53 ac (1,634,763 SF)
Zoning code
RM-12
APN
19099400010
UPID
US22-0329988
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Austell, GA
Zoning RM-12 · permitted uses
RM-12 · Austell, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Austell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$86.3M
WAREHOUSE, STORAGE
Est. value
$151.6M
MEDICAL BUILDING
Est. value
$99.2M
AUTO REPAIR, GARAGE
Est. value
$80.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$79.1M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2000
Heating
NONE
Buildings
6
Units
436
Lot
37.53 ac
Current owner
From public records · entity-resolved
Sreit Alta Mill Apartments LLC
Entity
Mailing address
1601 PO BOX 20197TH AVE STE #800, ATLANTA, GA 30325-0197
Ownership since
2026
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
Mar 9, 2026
—
Sreit Alta Mill Apartments LLC
Strata Mm LLC
Deed
related
$57,988,000 · Walker & Dunlop LLC
Jan 18, 2022
$109,286,200
Sreit Alta Mill Apartments LLC
Strata Mill LLC
Limited Warranty Deed
$201,300,000 · Wells Fargo Bank NA
Sep 30, 2016
$53,651,100
Strata Mill LLC
Dra Alta Mill LLC
Grant Deed
$37,555,000 · Cbre Cap Markets
Sep 18, 2007
$43,598,400
Dra Alta Mill LLC
Alta Mill
Grant Deed
related
$34,000,000 · Hsbc Realty Credit Corp (usa)
Aug 28, 2007
$43,598,368
Dra Alta Mill LLC
Alta,mill LP
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1650 Anderson Ml Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
