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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Garden apartment buildings
1982 Rockledge NE Rd Atlanta, GA 30324-4149
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-0065794
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1940
Construction
WOOD
Total area
5,616 SF
Lot
0.46 ac (19,950 SF)
Zoning code
C2
APN
17 005000010135
UPID
US22-0065794
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
$1.55M
CAP Approach
CAP
$955k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.26M
Owner & transaction history
1907 Pr LLC · 3 yrs held
1907 Pr LLC
since 2022
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
C2 · 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
$1,550,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$955,000
7%
$885,000
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $1.02M (Sep 23 2022)
Last sale anchor
$1.02M
Sep 23 2022
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
$224 / 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
$9,936
Tax year 2023
Assessed value
$240,000
Assessed 2023
Previous assessed
$240,000
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$60,000
Assessed improvement
$180,000
Land market value
$150,000
Improvement market value
$450,000
Total market value
$600,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
10
Bathrooms
1
Total area
5,616 SF
Lot
0.46 ac (19,950 SF)
Zoning code
C2
APN
17 005000010135
UPID
US22-0065794
Jurisdiction
FULTON
Zoning & alternative use
C2 · Atlanta, GA
Zoning C2 · permitted uses
C2 · 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
1940
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
10
Bathrooms
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
1907 Pr LLC
Entity
Free & Clear · 3 yrs held
Mailing address
328 MELL AVE NE STE E, ATLANTA, GA 30307-2187
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
$1,015,000
1907 Pr LLC
Bailey Johnson Heights INC
Warranty Deed
—
May 5, 2011
$270,000
Bailey-johnson Heights INC
Brown Bark III LP
Grant Deed
—
May 5, 2011
—
Bailey-johnson Heights INC
Brown Bark III LP
Quit Claim Deed
related
—
Jan 5, 2010
$375,000
Bark Ill LP Brown
Rd LLC
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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