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Property profile & analytics
OFF-MARKET
Estimated value
$36,220,000
Garden apartment buildings
2105 Mesa Vly Way, Austell, GA 30106-8183
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2016548
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1999
Total area
238,984 SF
Lot
17.51 ac (762,736 SF)
Zoning code
RM-12
APN
19093400010
UPID
US22-2016548
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
-
Brookstone On the Green Apartment Building
-
Chroma Park Apartments Apartment Complex
-
Love Me - Vaginal Steaming & Full Body Care (Bike/Boat/Book/etc) Store Cosmetic Store
-
Oasis Corporate Housing Housing Authority
-
Premium Prestige Flooring General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$49.40M
Comparable Approach
Comparable
$29.72M
Blend (final)
Blend
$36.22M
Owner & transaction history
Fairfield Chroma Park LLC · 1 yrs held
Fairfield Chroma Park LLC
since 2025
Last sale
$36.5M
7 recorded transactions
Zoning & alternative use
RM-12 · Austell, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$58.7M
+14.9%
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 Austell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austell 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
$29,030,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$53,510,000
6.5%
$49,395,000
7%
$45,865,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$51,080,000
Current use
MEDICAL BUILDING
$58,700,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$47,560,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$46,825,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$36.22M
Range $32.60M – $39.84M · ±10% · vs last sale $36.48M (Jan 15 2025)
Last sale anchor
$36.48M
Jan 15 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
$152 / 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
$435,366
Tax year 2024
Assessed value
$14,440,000
Assessed 2024
Previous assessed
$16,712,120
-13.6% YoY
Effective rate
3.02%
On assessed value
Assessed land
$2,111,272
Assessed improvement
$12,328,728
Land market value
$5,278,180
Improvement market value
$30,821,820
Total market value
$36,100,000
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
1999
Heating
NONE
Buildings
10
Units
210
Total area
238,984 SF
Lot
17.51 ac (762,736 SF)
Zoning code
RM-12
APN
19093400010
UPID
US22-2016548
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Austell, GA
Zoning RM-12 · permitted uses
RM-12 · Austell, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Austell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$51.1M
MEDICAL BUILDING
Est. value
$58.7M
AUTO REPAIR, GARAGE
Est. value
$47.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$46.8M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
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
1999
Heating
NONE
Buildings
10
Units
210
Lot
17.51 ac
Current owner
From public records · entity-resolved
Fairfield Chroma Park LLC
Entity
Mailing address
5425 WISCONSIN AVE STE #202, CHEVY CHASE, MD 20815-3583
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
$36,476,712
Fairfield Chroma Park LLC
Chroma Park LLC
Quitclaim Deed
—
Jan 14, 2025
—
Chroma Park LLC
Fannie Mae
Deed
—
Sep 2, 2022
—
Chroma Park LLC
—
Deed
related
$309,813,000 · Pgim Real Estate Agency Financing LLC
Jan 31, 2019
$29,500,000
Chroma Park LLC
Mesa Valley Apartments LLC
Grant Deed
$22,400,000 · Capital One NA
Jan 31, 2019
—
Chroma Park LLC
—
Deed
related
$22,400,000 · Capital One
Sep 15, 2016
—
Mesa Valley Apartments LLC
Carlyle Centennial Brook LP
Quit Claim Deed
related
$19,000,000 · Berkeley Point Cap
Sep 15, 2016
$25,095,000
Mesa Valley Apartments LLC
Carlyle Centennial Brook LP
Grant Deed
—
Aug 9, 2006
$17,100,000
Centennial Brook Carlye
Brookstone Of Green Ltp
Grant Deed
related
—
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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