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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Garden apartment buildings
1861 Lyle Ave, College Park, GA 30337-1228
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-0585347
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1920
Construction
WOOD
Total area
3,800 SF
Lot
0.25 ac (10,890 SF)
Zoning code
R5
APN
14 016300040257
UPID
US22-0585347
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
$450k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$535k
Owner & transaction history
1861 West Lyle Ave LLC · 5 yrs held
1861 West Lyle Ave LLC
since 2020
7 recorded transactions
Zoning & alternative use
R5 · College Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$890,000
+21.3%
Retail stores
$850,000
+16.2%
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
$450,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$735,000
Current use
OFFICE BUILDING
$890,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$850,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
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
$141 / 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
$3,252
Tax year 2023
Assessed value
$115,200
Assessed 2023
Previous assessed
$115,200
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$36,800
Assessed improvement
$78,400
Land market value
$92,000
Improvement market value
$196,000
Total market value
$288,000
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
1920
Construction
WOOD
Heating
NONE
Stories
1
Units
4
Total area
3,800 SF
Lot
0.25 ac (10,890 SF)
Zoning code
R5
APN
14 016300040257
UPID
US22-0585347
Jurisdiction
FULTON
Zoning & alternative use
R5 · College Park, GA
Zoning R5 · permitted uses
R5 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$735,000
OFFICE BUILDING
Est. value
$890,000
RETAIL STORES
Est. value
$850,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
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
1920
Construction
WOOD
Heating
NONE
Stories
1
Units
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
1861 West Lyle Ave LLC
Entity
Mailing address
3645 MARKETPLACE BLVD #130318, EAST POINT, GA 30344-5747
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2020
—
1861 West Lyle Ave LLC
Right Hand Properties LLC
Correction Deed
related
—
Sep 24, 2020
—
1861 West Lyle Ave LLC
Right Hand Properties LLC
Grant Deed
related
—
Jan 30, 2020
$300,000
Right Hand Properties LLC
Winfred Dukes
Grant Deed
—
Oct 22, 2018
—
Winfred Dukes
Munoz,harold F
Quit Claim Deed
related
—
Nov 17, 2014
$9,000
Harold F|martinez Beatriz E Munoz
Police Chief|dukes,winfred
Trustees Deed
—
Mar 6, 2014
$9,000
Harold F Munoz
Police Chief
Tax Deed
—
Oct 22, 2009
$62,475
Winfred Dukes
Wells Fargo Bank NA
Grant Deed
—
Apr 16, 2008
$200,128
Option One Trust 2006-3
Moore,deanne
Trustees Deed
related
—
Apr 1, 2008
$200,129
Wells Fargo Bank NA
Moore,deanne
Grant Deed
related
—
Dec 28, 2005
$219,900
Moore,deanne
Churchill,winston M
Warranty Deed
$142,935 · Dana 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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