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Property profile & analytics
OFF-MARKET
Estimated value
$3,420,000
Garden apartment buildings
1818 Vesta Ave, College Park, GA 30337-1223
Entity Owned
3-yr Hold
Property ID
US22-2825386
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
6,832 SF
Lot
0.85 ac (37,026 SF)
Zoning code
MF
APN
14 016300050181
UPID
US22-2825386
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$3.42M
Owner & transaction history
Atlanta 1818 Cre 063 LLC · 3 yrs held
Atlanta 1818 Cre 063 LLC
since 2022
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
MF · College Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+181.7%
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 College Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Park 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,715,000
Change: +182% · Conversion: Difficult
Blend value · Realmo final
$3.42M
Range $3.08M – $3.76M · ±10% · vs last sale $3.88M (Oct 11 2022)
Last sale anchor
$3.88M
Oct 11 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
$501 / 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
$28,226
Tax year 2023
Assessed value
$1,000,000
Assessed 2023
Previous assessed
$532,000
+88.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$144,000
Assessed improvement
$856,000
Land market value
$360,000
Improvement market value
$2,140,000
Total market value
$2,500,000
Applied tax rate
15.0000
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
1962
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
8
Bathrooms
3
Total area
6,832 SF
Lot
0.85 ac (37,026 SF)
Zoning code
MF
APN
14 016300050181
UPID
US22-2825386
Jurisdiction
FULTON
Zoning & alternative use
MF · College Park, GA
Zoning MF · permitted uses
MF · College Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
College Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.7M
RESTAURANT
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
1962
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
8
Bathrooms
3
Lot
0.85 ac
Current owner
From public records · entity-resolved
Atlanta 1818 Cre 063 LLC
Entity
Mailing address
13190 SW 68TH PKWY STE #100, TIGARD, OR 97223-8368
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
$3,879,000
Atlanta 1818 Cre 063 LLC
Park Estates LLC
Warranty Deed
$2,092,500 · Gaea Real Estate Operating Partners
May 20, 2021
$1,800,000
Park Estates LLC
1818 Vesta Apartments LLC
Warranty Deed
—
Mar 9, 2020
—
1818 Vesta Apartments LLC
1818 Vesta Ave LLC
Quit Claim Deed
related
—
Sep 13, 2017
—
1818 Vesta Ave LLC
Miami Nadlan LLC
Quit Claim Deed
related
—
Feb 10, 2015
$50,500
Miami Nadlan LLC
Tesfa Manor LLC
Trustees Deed
—
Jun 14, 2007
—
Tesfa Manor LLC
Feinbloom,stephan D & Isabel G
Quit Claim Deed
related
$654,500 · Branch Bk&tr
Jun 14, 2007
$770,000
Tesfa Manor LLC
Feinbloom,stephan D & Isabel G
Grant Deed
—
Jun 11, 2007
$770,000
Tesfa Manor LLC
Feinbloom,stephan D
Grant Deed
—
Jun 11, 2007
—
Tesfa Manor LLC
Feinbloom,stephan D
Grant Deed
related
—
Oct 21, 2004
$860,000
Feinbloom,stephan D & Isabel G
Thomas J B Props LLC
Grant Deed
$645,000 · Imperial Cap Bk
—
—
Tesfa Manor LLC
—
Deed Of Trust
related
$654,500 · Branch Banking & Trust Co
—
—
1818 Vesta Apartments LLC
—
Deed Of Trust
related
$2,000,000 · Posh Perfumes & Cosmetics INC
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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