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Property profile & analytics
OFF-MARKET
Estimated value
$51,000,000
Garden apartment buildings
1650 Barnes Ml Rd, Marietta, GA 30062-7534
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4335654
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1986
Total area
243,574 SF
Lot
40.05 ac (1,744,534 SF)
Zoning code
RM-8
APN
16102600100
UPID
US22-4335654
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
-
T E M Promotions Marketing & Advertising
-
TimeFactor transport and Limousine services Car Rental Facility
-
Abstract Mindz IT , and apps IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Generation521 Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$51.00M
CAP Approach
CAP
$50.34M
Comparable Approach
Comparable
$56.54M
Blend (final)
Blend
$51.00M
Owner & transaction history
Gep Xi Cityview LLC · 1 yrs held
Gep Xi Cityview LLC
since 2024
Last sale
$51.0M
7 recorded transactions
Zoning & alternative use
RM-8 · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$58.8M
+57.7%
Neighborhood: shopping center
$53.6M
+43.8%
Retail stores
$53.6M
+43.6%
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 Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta 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
$51,000,000
ML approach
$51,000,000
CAP Approach
CAP Return
Estimation
6%
$54,535,000
6.5%
$50,340,000
7%
$46,745,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$37,305,000
Current use
MEDICAL BUILDING
$58,830,000
Change: +58% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$53,625,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$53,575,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$46,185,000
Change: +24% · Conversion: Moderate
OFFICE BUILDING
$42,790,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$51.00M
Range $45.90M – $56.10M · ±10% · vs last sale $51.00M (Aug 28 2024)
Last sale anchor
$51.00M
Aug 28 2024
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
$209 / 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
$695,470
Tax year 2024
Assessed value
$23,067,000
Assessed 2024
Previous assessed
$23,042,280
+0.1% YoY
Effective rate
3.01%
On assessed value
Assessed land
$4,919,008
Assessed improvement
$18,147,992
Land market value
$12,297,520
Improvement market value
$45,369,980
Total market value
$57,667,500
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
1986
Heating
NONE
Buildings
7
Units
320
Total area
243,574 SF
Lot
40.05 ac (1,744,534 SF)
Zoning code
RM-8
APN
16102600100
UPID
US22-4335654
Jurisdiction
COBB
Zoning & alternative use
RM-8 · Marietta, GA
Zoning RM-8 · permitted uses
RM-8 · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$37.3M
MEDICAL BUILDING
Est. value
$58.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$53.6M
RETAIL STORES
Est. value
$53.6M
COMMERCIAL (GENERAL)
Est. value
$46.2M
OFFICE BUILDING
Est. value
$42.8M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1986
Heating
NONE
Buildings
7
Units
320
Lot
40.05 ac
Current owner
From public records · entity-resolved
Gep Xi Cityview LLC
Entity
Mailing address
465 N MEETING ST STE #500, CHARLESTON, SC 29403-7123
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
$51,000,000
Gep Xi Cityview LLC
3mind Rosemont Cityview LLC
Limited Warranty Deed
—
Aug 28, 2024
—
Gep Xi Cityview LLC
3mind Rosemont Cityview LLC
Quit Claim Deed
related
—
Dec 2, 2021
—
3mind Rosemont Cityview LLC
—
Deed
related
$46,500,000 · Bds IV Mortgage Capital J LLC
Jun 9, 2020
—
3mind Rosemont Cityview LLC
—
Deed
$28,530,000 · Cbre Cap Markets
Aug 27, 2015
—
3mind Rosemont Cityview LLC
Rbm Fee LLC
Quit Claim Deed
related
$45,000,000 · Greystone Svcg
Aug 27, 2015
$31,262,500
3mind Rosemont Cityview LLC
Rbm Fee LLC
Grant Deed
—
Jun 19, 2008
—
Rbm Fee LLC
Brighton Crest
Quit Claim Deed
related
$16,800,000 · Cbre Multifamily Capital INC
Jun 19, 2008
$21,500,000
Rbm Fee LLC
Brighton Crest
Grant Deed
—
Jun 10, 2008
$21,500,000
Rbm Fee LLC
Brighton,crest LP
Grant Deed
—
—
—
3mind Rosemont Cityview LLC
—
Deed Of Trust
$28,530,000 · Cbre Cap Markets
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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