Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$495,000
Garden apartment buildings
1712 Forrest Ave East Point, GA 30344-3037
Individually Owned
7-yr Hold
Free & Clear
Property ID
US22-0139809
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1977
Construction
WOOD
Total area
5,424 SF
Lot
0.2 ac (8,712 SF)
Zoning code
R4
APN
14 015600080351
UPID
US22-0139809
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$497k
Blend (final)
Blend
$495k
Owner & transaction history
Southern Cross Re Hldgs One Ll · 7 yrs held
Southern Cross Re Hldgs One Ll
since 2019
5 recorded transactions
Zoning & alternative use
R4 · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R4 District is intended to provide land areas devoted to high density residential areas of single family, two-family and multifamily dwellings. The district also provides for closely related uses.
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
36.05 ac
Source
Realmo
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 East Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Point 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
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$495k
Range $446k – $545k · ±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
$91 / 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
$3,271
Tax year 2023
Assessed value
$115,880
Assessed 2023
Previous assessed
$115,880
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$36,800
Assessed improvement
$79,080
Land market value
$92,000
Improvement market value
$197,700
Total market value
$289,700
Applied tax rate
20.0000
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
1977
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
4
Bathrooms
2
Total area
5,424 SF
Lot
0.2 ac (8,712 SF)
Zoning code
R4
APN
14 015600080351
UPID
US22-0139809
Jurisdiction
FULTON
Zoning & alternative use
R4 · East Point, GAZoning R4 · permitted uses
R4 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R4 District is intended to provide land areas devoted to high density residential areas of single family, two-family and multifamily dwellings. The district also provides for closely related uses.
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
36.05 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1977
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
4
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Southern Cross Re Hldgs One Ll
Individual
Free & Clear · 7 yrs held
Mailing address
1611 HARVARD AVE, ATLANTA, GA 30337-2951
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Jan 7, 2019
$476,000
Southern Cross Re Hldgs One Ll
Wwjd Rentals LLC
Grant Deed
—
Jan 7, 2019
—
Southern Cross Re Hldgs One Ll
Wwjd Rentals LLC
Quit Claim Deed
related
—
Apr 10, 2013
$125,000
Wwjd Rentals LLC
Maitre,michael & Mona
Warranty Deed
—
Dec 27, 2006
$335,000
Michel Maitre
G & A Properties INC
Deed
$268,000 · Washington Mutual Bk Fa
—
—
Michel Maitre
—
Deed Of Trust
related
$268,000 · Washington Mutual Bank
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 1712 Forrest Ave?
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.
