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Property profile & analytics
OFF-MARKET
Assisted living facilities
187 Edgewood SE Ave Atlanta, GA 30303-3000
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US22-1051225
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1915
Total area
17,100 SF
Lot
0.1 ac (4,312 SF)
Zoning code
SPI1
APN
14 005200030096
UPID
US22-1051225
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
-
Grant Park Park
-
Mishy Dental Clinic Dental Office
-
Eye Transportation LLC Towing Service Transportation Escort Service
-
National African Amer Culinery Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Edgewood Center II LP · 6 yrs held
Edgewood Center II LP
since 2019
3 recorded transactions
Zoning & alternative use
SPI1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,801
Tax year 2023
Assessed value
$121,200
Assessed 2023
Previous assessed
$121,200
+0.0% YoY
Effective rate
15.51%
On assessed value
Assessed land
$121,200
Land market value
$303,000
Total market value
$303,000
Applied tax rate
5.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1915
Heating
YES
Cooling
YES
Total area
17,100 SF
Lot
0.1 ac (4,312 SF)
Zoning code
SPI1
APN
14 005200030096
UPID
US22-1051225
Jurisdiction
FULTON
Zoning & alternative use
SPI1 · Atlanta, GAZoning SPI1 · permitted uses
SPI1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1915
Heating
YES
Cooling
Yes
Lot
0.1 ac
Current owner
From public records · entity-resolved
Edgewood Center II LP
Entity
Mailing address
191 EDGEWOOD AVE SE, ATLANTA, GA 30303-3000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Oct 20, 2020
—
Edgewood Center II Limited Par
—
Deed
related
$5,000,000 · First Citizens Bank
Dec 23, 2019
$113,300
Edgewood Center II LP
Edgewood Center LP
Grant Deed
—
Nov 17, 2016
—
Edgewood Center LP
Cooperative Rsrc Center INC
Grant Deed
related
—
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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