New search
Property profile & analytics
OFF-MARKET
Estimated value
$26,270,000
Garden apartment buildings
1898 Spg SE Rd, Smyrna, GA 30080-2559
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US22-1738656
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1975
Total area
138,264 SF
Lot
9.28 ac (404,237 SF)
Zoning code
RM-12
APN
17066600380
UPID
US22-1738656
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
-
Alan Echols Apartment Building
-
Busy Bee Carpet Cleaning Smyrna Carpet Cleaning Service Carpet Installer
-
castle gate properties Real Estate Agency
-
The Arlowe Townhomes Townhouse Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.58M
Comparable Approach
Comparable
$30.87M
Blend (final)
Blend
$26.27M
Owner & transaction history
Cg Arlowe Asset LLC
Cg Arlowe Asset LLC
since 2025
Last sale
$24.0M
7 recorded transactions
Zoning & alternative use
RM-12 · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$34.0M
+38.4%
Retail stores
$32.0M
+30.3%
Auto repair, garage
$27.5M
+12.1%
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 Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna 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
$31,280,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$30,955,000
6.5%
$28,575,000
7%
$26,535,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$24,535,000
Current use
MEDICAL BUILDING
$33,960,000
Change: +38% · Conversion: Moderate
RETAIL STORES
$31,965,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$27,515,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$27,090,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$26.27M
Range $23.64M – $28.90M · ±10% · vs last sale $24.00M (Dec 1 2025)
Last sale anchor
$24.00M
Dec 1 2025
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
$190 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$282,464
Tax year 2024
Assessed value
$10,400,000
Assessed 2024
Previous assessed
$10,400,000
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$2,716,472
Assessed improvement
$7,683,528
Land market value
$6,791,180
Improvement market value
$19,208,820
Total market value
$26,000,000
Applied tax rate
6.0000
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
1975
Heating
NONE
Buildings
4
Units
148
Total area
138,264 SF
Lot
9.28 ac (404,237 SF)
Zoning code
RM-12
APN
17066600380
UPID
US22-1738656
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Smyrna, GA
Zoning RM-12 · permitted uses
RM-12 · Smyrna, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smyrna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$24.5M
MEDICAL BUILDING
Est. value
$34.0M
RETAIL STORES
Est. value
$32.0M
AUTO REPAIR, GARAGE
Est. value
$27.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$27.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1975
Heating
NONE
Buildings
4
Units
148
Lot
9.28 ac
Current owner
From public records · entity-resolved
Cg Arlowe Asset LLC
Entity
Mailing address
11605 HAYNES BRG RD STE #125, ALPHARETTA, GA 30009-8666
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
$24,000,000
Cg Arlowe Asset LLC
Arlowe Tll LLC
Deed
$18,000,000 · Benefit Street Partners Realty Trus
Jan 16, 2023
—
Arlowe Th LLC
City Of Smyrna
Quit Claim Deed
related
—
Apr 15, 2022
—
Arlowe Th LLC
—
Deed
related
$25,000 · Peoples Bank & Trust Co Of Pickett Co
Feb 1, 2022
$33,650,000
Arlowe Th LLC
1898 Spring Road LP
Limited Warranty Deed
$24,401,059 · Peoples Bank & Trust Co Of Pickett
Dec 23, 2021
—
1898 Spring Road LP
City Of Smyrna
Quit Claim Deed
related
—
Sep 30, 2020
—
1898 Spring Road LP
—
Deed
related
$19,125,000 · Cbre Cap Markets
Nov 8, 2017
—
1898 Spring Road LP
—
Deed
related
$13,000,000 · Cbre Cap Markets
Oct 12, 2017
$15,300,000
1898 Spring Road LP
Springs Townhomes Holdings LLC
Warranty Deed
related
$13,000,000 · Cbre Cap Markets
Apr 1, 2015
—
Springs Townhomes Holdings LLC
Ansley Partners III LLC
Quit Claim Deed
related
$7,440,000 · Grandbridge R/e Cap
Apr 1, 2015
$10,308,000
Springs Townhomes Holdings LLC
Ansley Partners III LLC
Grant Deed
related
—
—
—
1898 Spring Road LP
—
Deed Of Trust
related
$13,000,000 · Cbre Cap Markets
—
—
1898 Spring Road LP
—
Deed Of Trust
related
$19,125,000 · Cbre Cap Markets
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1898 Spg SE Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
