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Property profile & analytics
OFF-MARKET
Estimated value
$34,795,000
High-rise multifamily apartments
1820 Mulkey Rd Austell, GA 30106-1169
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-1307394
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1990
Total area
219,402 SF
Lot
10.33 ac (449,975 SF)
Zoning code
RM-12
APN
19085800980
UPID
US22-1307394
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
-
Orchard Mill Apartments Apartment Complex Apartment Building
-
Queen Of Everything Cleaning Services General Contractor
-
The Adventure Centers Association Or Organization
-
Ace Mortgage Brokers King Loan Service Bank
-
jones BBQ Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$45.35M
Comparable Approach
Comparable
$27.27M
Blend (final)
Blend
$34.80M
Owner & transaction history
Wc Austell Partners LLC · 3 yrs held
Wc Austell Partners LLC
since 2023
Last sale
$34.6M
4 recorded transactions
Zoning & alternative use
RM-12 · Austell, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$53.9M
+14.9%
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 Austell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austell 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
$32,165,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$49,125,000
6.5%
$45,345,000
7%
$42,105,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$46,895,000
Current use
MEDICAL BUILDING
$53,890,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$43,665,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$42,990,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$34.80M
Range $31.32M – $38.27M · ±10% · vs last sale $34.60M (Feb 9 2023)
Last sale anchor
$34.60M
Feb 9 2023
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
$159 / 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
$399,465
Tax year 2024
Assessed value
$13,249,240
Assessed 2024
Previous assessed
$13,234,560
+0.1% YoY
Effective rate
3.02%
On assessed value
Assessed land
$1,310,328
Assessed improvement
$11,938,912
Land market value
$3,275,820
Improvement market value
$29,847,280
Total market value
$33,123,100
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1990
Heating
NONE
Buildings
10
Units
238
Total area
219,402 SF
Lot
10.33 ac (449,975 SF)
Zoning code
RM-12
APN
19085800980
UPID
US22-1307394
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Austell, GA
Zoning RM-12 · permitted uses
RM-12 · Austell, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Austell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$46.9M
MEDICAL BUILDING
Est. value
$53.9M
AUTO REPAIR, GARAGE
Est. value
$43.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$43.0M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1990
Heating
NONE
Buildings
10
Units
238
Lot
10.33 ac
Current owner
From public records · entity-resolved
Wc Austell Partners LLC
Entity
Free & Clear · 3 yrs held
Mailing address
30242 PO BOX 250509, ATLANTA, GA 30325-1509
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2023
—
Wc Austell Partners LLC
Wilmington Trust National Associati
Quit Claim Deed
related
—
Jan 18, 2022
—
Cm Mulkey Road LLC
Cobb County
Quit Claim Deed
$20,962,000 · Jill Real Estate Capital LLC
Jan 18, 2022
$34,600,000
Wc Austell Partners LLC
Cm Mulkey Road LLC
Limited Warranty Deed
—
May 3, 2005
$13,902,932
Cm Mulkey Road LLC
Ashley Knoll Associates
Trustees Deed
—
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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