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Property profile & analytics
OFF-MARKET
Estimated value
$12,765,000
Garden apartment buildings
1716 Terrell Ml SE Rd Marietta, GA 30067-8327
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1670308
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Total area
347,671 SF
Lot
23.59 ac (1,027,366 SF)
Zoning code
RM-12
APN
17078300010
UPID
US22-1670308
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
-
The Hills at East Cobb Apartment Complex
-
CutzbyCleve Barber Shop
-
Barbershop Art Style 1124 Barber Shop
-
Marietta GA Condominium Complex
-
Excellence Cleaning Service LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.98M
Blend (final)
Blend
$12.77M
Owner & transaction history
Spaxel Lulls At East Cobb LLC · 5 yrs held
Spaxel Lulls At East Cobb LLC
since 2021
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
RM-12 · Marietta, 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 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
$14,075,000
ML approach
$9,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.77M
Range $11.49M – $14.04M · ±10% · vs last sale $12.00M (Apr 12 2021)
Last sale anchor
$12.00M
Apr 12 2021
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
$37 / 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
$581,748
Tax year 2024
Assessed value
$17,845,040
Assessed 2024
Previous assessed
$12,000,000
+48.7% YoY
Effective rate
3.26%
On assessed value
Assessed land
$5,876,532
Assessed improvement
$11,968,508
Land market value
$14,691,330
Improvement market value
$29,921,270
Total market value
$44,612,600
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
1972
Heating
NONE
Buildings
13
Units
268
Total area
347,671 SF
Lot
23.59 ac (1,027,366 SF)
Zoning code
RM-12
APN
17078300010
UPID
US22-1670308
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Marietta, GA
Zoning RM-12 · permitted uses
RM-12 · 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.
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Buildings
13
Units
268
Lot
23.59 ac
Current owner
From public records · entity-resolved
Spaxel Lulls At East Cobb LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5 W 37TH ST FL #12, NEW YORK, NY 10018-5350
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2021
$12,000,000
Spaxel Lulls At East Cobb LLC
De Penninoton Poin Te Apartments Ll
Special Warranty Deed
—
May 2, 2018
—
De Pennington Pointe Apts LLC
—
Deed
$27,000,000 · Berkeley Point Cap
Feb 9, 2016
—
Hallmark Pennington Pointe LLC
Pennington Abbington LLC
Quit Claim Deed
related
—
Feb 9, 2016
$27,600,100
Hallmark Pennington Pointe LLC
Pennington Abbington LLC
Grant Deed
related
—
Feb 7, 2012
$1,000,000
Alcurt Marietta II LLC
Lv Partners LP
Trustees Deed
related
—
Feb 2, 2012
—
Lantern Investment Corp
Lv Partners LP
Grant Deed
related
—
—
—
De Pennington Pointe Apts LLC
—
Deed Of Trust
$27,000,000 · Berkeley Point Cap
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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