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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Garden apartment buildings
1884 Ctr Ave East Point, GA 30344-4634
Entity Owned
4-yr Hold
Property ID
US22-0516561
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
4,912 SF
Lot
0.34 ac (14,985 SF)
Zoning code
R2
APN
14 016300130785
UPID
US22-0516561
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.52M
Owner & transaction history
Park Place Apartment LLC · 4 yrs held
Park Place Apartment LLC
since 2022
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
R2 · East Point, 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 East Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Point 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
$308 / 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
$6,777
Tax year 2023
Assessed value
$240,080
Assessed 2023
Previous assessed
$126,000
+90.5% YoY
Effective rate
2.82%
On assessed value
Assessed land
$47,280
Assessed improvement
$192,800
Land market value
$118,200
Improvement market value
$482,000
Total market value
$600,200
Applied tax rate
20.0000
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
1960
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
17
Bathrooms
1
Total area
4,912 SF
Lot
0.34 ac (14,985 SF)
Zoning code
R2
APN
14 016300130785
UPID
US22-0516561
Jurisdiction
FULTON
Zoning & alternative use
R2 · East Point, GA
Zoning R2 · permitted uses
R2 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Point. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
17
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Park Place Apartment LLC
Entity
Mailing address
PO BOX 862163, MARIETTA, GA 30062-0002
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
$1,479,000
Park Place Apartment LLC
Nirvana Capital Grp Fund I LLC
Warranty Deed
$1,248,500 · Citizens Trust Bank
Feb 14, 2019
$630,000
Nirvana Cap Grp Fund I LLC
Center Avenue Apartments LLC
Grant Deed
related
—
Oct 24, 2012
$100,000
Center Avenue Apartments LLC
Rke LLC
Grant Deed
—
Jun 2, 2011
—
Rke LLC
Acon Capital Management LLC
Grant Deed
related
—
Dec 2, 2010
$95,000
Aeon Capital Management LLC
Ib Property Holdings LLC
Grant Deed
related
—
Nov 4, 2008
—
Ib Property Holdings LLC
Bayview Loan Servicing LLC
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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