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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1895 Mercer Ave College Park, GA 30337
Individually Owned
4-yr Hold
Free & Clear
Property ID
US22-0648468
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
10,863 SF
Lot
0.41 ac (17,990 SF)
Zoning code
R1
APN
14 016300090229
UPID
US22-0648468
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
by Request
Owner & transaction history
Angela Draa · 4 yrs held
Angela Draa
since 2021
Last sale
$627,500
7 recorded transactions
Zoning & alternative use
R1 · College Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R1 District provide for the development of single family detached homes on individual lots in a suburban character, The provisions that regulate this land use district provides for the development of low to medium density residential neighborhoods
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
698.83 ac
Source
Realmo
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
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
$2,569
Tax year 2023
Assessed value
$91,000
Assessed 2023
Previous assessed
$91,000
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$37,320
Assessed improvement
$53,680
Land market value
$93,300
Improvement market value
$134,200
Total market value
$227,500
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
1968
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
8
Bathrooms
1
Total area
10,863 SF
Lot
0.41 ac (17,990 SF)
Zoning code
R1
APN
14 016300090229
UPID
US22-0648468
Jurisdiction
FULTON
Zoning & alternative use
R1 · College Park, GAZoning R1 · permitted uses
R1 · College Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R1 District provide for the development of single family detached homes on individual lots in a suburban character, The provisions that regulate this land use district provides for the development of low to medium density residential neighborhoods
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
698.83 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
8
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Angela Draa
Individual
Free & Clear · 4 yrs held
Mailing address
893 MYRTLE ST NE, ATLANTA, GA 30309-4105
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
—
Angela Draa
Michael Draa
Quit Claim Deed
related
—
May 16, 2011
$200,000
Michael Draa
Community Sthrn Bk
Quit Claim Deed
related
—
Mar 1, 2011
—
Community Sthrn Bk
First Cmrc Cmnty Bk
Grant Deed
related
—
Jan 6, 2009
$1,090,425
First Commerce Community Bank
Dab Real Estate Investment
Grant Deed
related
—
Aug 10, 2006
$627,500
Dab Real Estate Investments Ll
Zebedee Properties LLC
Deed
$922,500 · First Cmrc Cmnty Bk
Aug 10, 2006
—
Zebedee,john A & Ronald H
Brock,margaret Z
Grant Deed
related
—
Aug 8, 2005
$316,900
Zebedee Properties LLC
Zebedee,john A
Warranty 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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