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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Garden apartment buildings
1753 Forrest Ave East Point, GA 30344-3056
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-4147757
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
12,152 SF
Lot
0.56 ac (24,219 SF)
Zoning code
R3
APN
14 015600070600
UPID
US22-4147757
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
$2.04M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.60M
Owner & transaction history
Oliver Corners Apartments LLC · 4 yrs held
Oliver Corners Apartments LLC
since 2021
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
R3 · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R3 District is intended to provide land areas devoted to medium to high density residential uses. The district also provides for closely related uses.
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
274.49 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
$2,145,000
ML approach
$2,040,000
CAP Approach
CAP Return
Estimation
6%
$2,235,000
6.5%
$2,060,000
7%
$1,915,000
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.12M (Nov 19 2021)
Last sale anchor
$1.12M
Nov 19 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
$132 / 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
$6,388
Tax year 2023
Assessed value
$226,320
Assessed 2023
Previous assessed
$430,320
-47.4% YoY
Effective rate
2.82%
On assessed value
Assessed land
$96,000
Assessed improvement
$130,320
Land market value
$240,000
Improvement market value
$325,800
Total market value
$565,800
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
1968
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
6
Bathrooms
1
Total area
12,152 SF
Lot
0.56 ac (24,219 SF)
Zoning code
R3
APN
14 015600070600
UPID
US22-4147757
Jurisdiction
FULTON
Zoning & alternative use
R3 · East Point, GAZoning R3 · permitted uses
R3 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R3 District is intended to provide land areas devoted to medium to high density residential uses. The district also provides for closely related uses.
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
274.49 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
6
Bathrooms
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Oliver Corners Apartments LLC
Entity
Mailing address
381 TWAIN CIR SE, MABLETON, GA 30126-5243
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2021
$1,120,000
Oliver Corners Apartments LLC
House Edge III LLC
Warranty Deed
$2,695,000 · A&s Capital
Nov 5, 2019
$1,575,000
House Edge III LLC
Greg Duperon
Grant Deed
—
Dec 20, 2004
$375,000
Duperon,greg
Henderson,jerre M & Linda J
Grant Deed
$300,000 · Jerre M & Linda J Henderson
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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