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Property profile & analytics
OFF-MARKET
Estimated value
$49,310,000
Garden apartment buildings
2050 Austell SW Rd, Marietta, GA 30008-4171
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1301516
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Total area
285,190 SF
Lot
25.16 ac (1,095,752 SF)
Zoning code
RM-12
APN
17008400010
UPID
US22-1301516
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
-
Amber Grove at Olley Creek Apartment Complex
-
Universal Wholesales Big Box & Wholesale Store
-
anytime driver Freight Service Logistics Company
-
Marlei Rae Cosmetics Cosmetic Store
-
Amber Grove Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$58.94M
Comparable Approach
Comparable
$35.86M
Blend (final)
Blend
$49.31M
Owner & transaction history
Crescent Square Apartments LLC · 8 yrs held
Crescent Square Apartments LLC
since 2018
Last sale
$51.0M
5 recorded transactions
Zoning & alternative use
RM-12 · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$68.9M
+57.7%
Commercial (general)
$64.5M
+47.6%
Neighborhood: shopping center
$62.8M
+43.8%
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 Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta 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
$49,750,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$63,855,000
6.5%
$58,940,000
7%
$54,730,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$43,675,000
Current use
MEDICAL BUILDING
$68,880,000
Change: +58% · Conversion: Moderate
COMMERCIAL (GENERAL)
$64,460,000
Change: +48% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$62,785,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$62,730,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$49,545,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$49.31M
Range $44.38M – $54.24M · ±10% · vs last sale $51.00M (Apr 19 2023)
Last sale anchor
$51.00M
Apr 19 2023
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
$173 / 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
$284,916
Tax year 2023
Assessed value
$9,449,936
Assessed 2023
Previous assessed
$9,449,936
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$2,103,844
Assessed improvement
$7,346,092
Land market value
$5,259,610
Improvement market value
$18,365,230
Total market value
$23,624,840
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1973
Heating
NONE
Buildings
7
Units
300
Total area
285,190 SF
Lot
25.16 ac (1,095,752 SF)
Zoning code
RM-12
APN
17008400010
UPID
US22-1301516
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Marietta, GA
Zoning RM-12 · permitted uses
RM-12 · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$43.7M
MEDICAL BUILDING
Est. value
$68.9M
COMMERCIAL (GENERAL)
Est. value
$64.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$62.8M
RETAIL STORES
Est. value
$62.7M
AUTO REPAIR, GARAGE
Est. value
$49.5M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1973
Heating
NONE
Buildings
7
Units
300
Lot
25.16 ac
Current owner
From public records · entity-resolved
Crescent Square Apartments LLC
Entity
Mailing address
822 1ST N STE #310, PONTE VEDRA BEACH, FL 32082-8209
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2018
$27,500,000
Crescent Square Apartments LLC
Related Crescent LLC
Grant Deed
related
$18,369,000 · Berkeley Point Cap
Oct 14, 2015
$2,675,000
Related Crescent LLC
Cam Crescent LLC
Quit Claim Deed
related
—
Oct 14, 2015
—
Cam Crescent LLC
Fannie Mae
Grant Deed
related
$19,600,000 · Wells Fargo Bk
Mar 10, 2015
$10,634,739
Federal Natl Mtg Assn Fnma
Crescent Square Apartments LLC
Trustees Deed
related
—
—
—
Crescent Square Apartments LLC
—
Deed Of Trust
related
$24,646,000 · Prudential Affordable Mtg
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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