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Property profile & analytics
OFF-MARKET
Garden apartment buildings
2035 Memorial SE Dr Atlanta, GA 30317-2521
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1348571
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1980
Total area
2,652 SF
Lot
1.53 ac (66,777 SF)
Zoning code
RM75
APN
15 180 01 001
UPID
US22-1348571
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
-
Genesis Tile and Floors General Contractor Renovation Specialist
-
Element at Kirkwood Apartment Complex Apartment Rental Agency
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
2035 Memorial Drive L P · 3 yrs held
2035 Memorial Drive L P
since 2022
Last sale
$38.7M
7 recorded transactions
Zoning & alternative use
RM75 · 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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$621,380
Tax year 2024
Assessed value
$14,000,000
Assessed 2024
Previous assessed
$15,468,000
-9.5% YoY
Effective rate
4.44%
On assessed value
Assessed land
$980,000
Assessed improvement
$13,020,000
Land market value
$2,450,000
Improvement market value
$32,550,000
Total market value
$35,000,000
Applied tax rate
4.0000
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
1980
Heating
NONE
Buildings
35
Stories
2
Units
176
Total area
2,652 SF
Lot
1.53 ac (66,777 SF)
Zoning code
RM75
APN
15 180 01 001
UPID
US22-1348571
Jurisdiction
DE KALB
Zoning & alternative use
RM75 · Atlanta, GA
Zoning RM75 · permitted uses
RM75 · 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
1980
Heating
NONE
Stories
2
Buildings
35
Units
176
Lot
1.53 ac
Current owner
From public records · entity-resolved
2035 Memorial Drive L P
Individual
Mailing address
2300 YONGE ST #1600, THORNTON, CA 95686
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
$38,670,000
2035 Memorial Drive L P
Donec Real Estate 2 One LLC
Limited Warranty Deed
$30,720,000 · Global Investment Fund I
Apr 22, 2019
$19,175,000
Donec Real Estate 2 One LLC
Domum Equity 2 One LLC
Grant Deed
$10,850,000 · Jones Lang Lasalle Multifamily
Dec 22, 2014
—
Domum Equity 2 One LLC
Glenview Partners LLC
Quit Claim Deed
related
—
Dec 22, 2014
$8,750,000
Domum Equity 2 One LLC
Glenview Partners LLC
Grant Deed
related
—
Aug 10, 2011
$2,650,000
Glenview Partners LLC
Manchester Arms Apartments
Grant Deed
$2,852,314 · Private Bank
Aug 10, 2011
—
Glenview Partners LLC
Manchester Arms Apartments
Quit Claim Deed
related
—
—
—
Glenview Partners LLC
—
Deed Of Trust
related
$2,852,314 · Atlantic Capital Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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