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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Hotels
1905 Pharrs Rd Snellville, GA 30078
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1644924
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2018
Total area
66,272 SF
Lot
2.03 ac (88,427 SF)
Zoning code
BG-GENERAL BUSINESS
APN
5-056 -009
UPID
US22-1644924
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
$2.59M
Blend (final)
Blend
$2.60M
Owner & transaction history
Park Place Hotel LLC · 8 yrs held
Park Place Hotel LLC
since 2018
7 recorded transactions
Zoning & alternative use
BG-GENERAL BUSINESS · Snellville, 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 Snellville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Snellville 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±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
$39 / 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
$96,300
Tax year 2023
Assessed value
$3,816,520
Assessed 2023
Previous assessed
$3,816,520
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$87,680
Assessed improvement
$3,728,840
Land market value
$219,200
Improvement market value
$9,322,100
Total market value
$9,541,300
Applied tax rate
10.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2018
Heating
NONE
Cooling
NONE
Stories
5
Total area
66,272 SF
Lot
2.03 ac (88,427 SF)
Zoning code
BG-GENERAL BUSINESS
APN
5-056 -009
UPID
US22-1644924
Jurisdiction
GWINNETT
Zoning & alternative use
BG-GENERAL BUSINESS · Snellville, GAZoning BG-GENERAL BUSINESS · permitted uses
BG-GENERAL BUSINESS · Snellville, 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
2018
Heating
NONE
Cooling
Yes
Stories
5
Lot
2.03 ac
Current owner
From public records · entity-resolved
Park Place Hotel LLC
Entity
Mailing address
1505 LKS PKWY STE #190, LAWRENCEVILLE, GA 30043-5891
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2019
—
Park Place Hotel LLC
—
Deed
related
$4,387,000 · Florida Busn Dev
Mar 26, 2018
—
Park Place Hotel LLC
—
Deed
related
$7,150,000 · Piedmont Bk
Mar 18, 2018
—
Park Place Hotel LLC
Park Place Snelville LLC
Quit Claim Deed
related
—
Apr 15, 2015
$1,311,500
Park Place Snellville LLC
Briscoe,susie D
Grant Deed
—
Apr 15, 2015
—
Park Place Snellville LLC
Briscoe,susie D
Quit Claim Deed
related
—
—
—
Park Place Hotel LLC
—
Deed Of Trust
related
$4,387,000 · Florida Busn Dev
—
—
Park Place Snellville LLC
—
Loan Modification
related
—
—
—
Park Place Hotel LLC
—
Deed Of Trust
related
$4,290,000 · Piedmont Bk
—
—
Park Place Hotel LLC
—
Deed Of Trust
related
$7,150,000 · Piedmont Bk
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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