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Property profile & analytics
OFF-MARKET
Estimated value
$4,105,000
Commercial land
1850 Apple Vly Dr Augusta, GA 30906-5137
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1691296
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1985
Total area
40,320 SF
Lot
4.89 ac (213,008 SF)
Zoning code
B-2
APN
134-1-120-00-0
UPID
US22-1691296
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
-
Forest Ridge Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.07M
Blend (final)
Blend
$4.11M
Owner & transaction history
Forest Ridge Holdings LLC · 4 yrs held
Forest Ridge Holdings LLC
since 2022
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
B-2 · Augusta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B-2 (General Business) Zone 22-1 TABLE OF CONTENTS SECTION CHAPTER P A G E INDUSTRIAL DISTRICT CLASSIFICATIONS 23 LI (Light Industry) Zone 23-1 24 HI (Heavy Industry) Zone 24-1 SPECIAL DISTRICT CLASSIFICATIONS 25 HPA (Historic Preservation Area) Zone (DELETED) 25-1 25-A PDR (Planned Development Riverfront) Zone 25A-1 25-B SCA (Special Sign Control Area) Zone…
Zone name
General Business
General category
COMMERCIAL
Zone area
7,134.73 ac
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 Augusta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Augusta 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
$3,835,000
ML approach
$3,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,160,000
Current use
INDUSTRIAL (GENERAL)
$2,670,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$4.11M
Range $3.69M – $4.52M · ±10% · vs last sale $4.10M (Jan 31 2022)
Last sale anchor
$4.10M
Jan 31 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
$102 / 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
$34,959
Tax year 2024
Assessed value
$1,304,765
Assessed 2024
Previous assessed
$1,264,701
+3.2% YoY
Effective rate
2.68%
On assessed value
Assessed land
$88,020
Assessed improvement
$1,216,745
Land market value
$220,050
Improvement market value
$3,041,863
Total market value
$3,261,913
Applied tax rate
2.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
1
Total area
40,320 SF
Lot
4.89 ac (213,008 SF)
Zoning code
B-2
APN
134-1-120-00-0
UPID
US22-1691296
Jurisdiction
RICHMOND
Zoning & alternative use
B-2 · Augusta, GAZoning B-2 · permitted uses
B-2 · Augusta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B-2 (General Business) Zone 22-1 TABLE OF CONTENTS SECTION CHAPTER P A G E INDUSTRIAL DISTRICT CLASSIFICATIONS 23 LI (Light Industry) Zone 23-1 24 HI (Heavy Industry) Zone 24-1 SPECIAL DISTRICT CLASSIFICATIONS 25 HPA (Historic Preservation Area) Zone (DELETED) 25-1 25-A PDR (Planned Development Riverfront) Zone 25A-1 25-B SCA (Special Sign Control Area) Zone (DELETED) 25B-1 25-C River Watch Parkway (DELETED) 25C-1 25-D Savannah River Corridor Protection District 25D-1 26 Special Exceptions in Any Zone OTHER REGULATED USES 26-1 27 Manufactured Home Regulations 27-1 28 Airport Regulations 28-1 28-A 28-B 28-C Telecommunication Facilities Signs Adult Entertainment 28A-1 28B-1 28C-1 28-D 29 Conservation Subdivisions Exceptions and Modifications 28D-1 29-1 30 Building Permits and Site Plans 30-1 31 Certificate of Occupancy 31-1 32 Enforcement and Penalties 32-1 33 Board of Zoning Appeals 33-1 34 Location and Maintenance of Zoning Map 34-1 35 Amendments to the Ordinance 35-1 36 Effective Date 36-1 37 Severance Clause 37-1 1 - 1 GENERAL PURPOSE
Zone name
General Business
General category
COMMERCIAL
Zone area
7,134.73 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.89 ac
Current owner
From public records · entity-resolved
Forest Ridge Holdings LLC
Entity
Mailing address
3410 TROPHY DR, LA MESA, CA 91941-8037
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
—
Forest Ridge Holdings LLC
—
Deed
related
$3,920,000 · Corevest American Finance Lender
Jan 31, 2022
$4,100,000
Forest Ridge Holdings LLC
Cphi Forest Ridge LLC
Limited Warranty Deed
—
Jun 7, 2019
—
Cphi Forest Ridge LLC
—
Deed
related
$2,382,750 · Lima One Cap
Feb 16, 2018
$2,800,000
Cphi Forest Ridge LLC
Ai Forest Ridge LLC
Grant Deed
$1,868,750 · Angel Oak Commericial Lending
Jan 23, 2015
—
Ai Forest Ridge LLC
Forest Ridge Apartments Of Aug
Quit Claim Deed
related
$1,474,900 · * Other Institutional Lenders
Jan 23, 2015
$2,107,000
Ai Forest Ridge LLC
Forest Ridge Apartments Of Aug
Grant Deed
related
—
—
—
Cphi Forest Ridge LLC
—
Deed Of Trust
related
$2,382,750 · Lima One Cap
—
—
Forest Ridge Apartments Of August
—
Loan Modification
related
$2,400,000 · Federal National Mortgage Assn
—
—
Forest Ridge Apartments Of Augusta
—
Deed Of Trust
related
$2,400,000 · Deutsche Bk Berkshire Mtg
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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