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Property profile & analytics
OFF-MARKET
Estimated value
$33,185,000
High-rise multifamily apartments
1881 Myrtle SW Dr Atlanta, GA 30311-4961
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US22-0826926
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1972
Construction
WOOD
Total area
176,580 SF
Lot
5.67 ac (247,029 SF)
Zoning code
RG4
APN
14 0167 LL0837
UPID
US22-0826926
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
-
Baptist Towers Apartment Building Non-Profit Organization
-
Miracle Prayerlink Deliverance Church Mosque
-
BoGoWomensJewelry&Fashions Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.97M
Comparable Approach
Comparable
$23.29M
Blend (final)
Blend
$33.19M
Owner & transaction history
Delowe Housing · 16 yrs held
Delowe Housing
since 2009
3 recorded transactions
Zoning & alternative use
RG4 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$32,460,000
6.5%
$29,965,000
7%
$27,825,000
Blend value · Realmo final
$33.19M
Range $29.87M – $36.50M · ±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
$188 / 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
$142,519
Tax year 2023
Assessed value
$3,442,480
Assessed 2023
Previous assessed
$3,442,480
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$771,160
Assessed improvement
$2,671,320
Land market value
$1,927,900
Improvement market value
$6,678,300
Total market value
$8,606,200
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
NONE
Stories
1
Units
300
Total area
176,580 SF
Lot
5.67 ac (247,029 SF)
Zoning code
RG4
APN
14 0167 LL0837
UPID
US22-0826926
Jurisdiction
FULTON
Zoning & alternative use
RG4 · Atlanta, GA
Zoning RG4 · permitted uses
RG4 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
NONE
Stories
1
Units
300
Lot
5.67 ac
Current owner
From public records · entity-resolved
Delowe Housing
Individual
Mailing address
2335 N BANK DR, COLUMBUS, OH 43220-5423
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Dec 22, 2009
$2,705,001
Delowe Housing
National Church Residences
Grant Deed
$5,235,000 · Prudential Huntoon Paige Assoc
Nov 30, 2007
$2,085,304
National Church Residences Of
Baptist Towers Corp
Grant Deed
—
Jan 16, 2004
$45,000
Milton,kipnis Rev Trust
Accurate Fndg INC
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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