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Property profile & analytics
OFF-MARKET
Estimated value
$9,165,000
High-rise multifamily apartments
2145 Candler Rd Decatur, GA 30032-5574
Entity Owned
17-yr Hold
Free & Clear
Property ID
US22-0153296
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2007
Total area
46,773 SF
Lot
7.38 ac (321,342 SF)
Zoning code
OI
APN
15 151 09 129
UPID
US22-0153296
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
-
MAIRAM-FUR LLC Production Facility
-
Purple Drip Fashion Clothing Store
-
Candler Forrest Apartments Apartment Complex
-
Trenan Tree Service Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.67M
Comparable Approach
Comparable
$10.89M
Blend (final)
Blend
$9.17M
Owner & transaction history
FORREST APARTMENTS L P CANDLER · 2 yrs held
FORREST APARTMENTS L P CANDLER
since 2024
Last sale
$8.1M
1 recorded transaction
Zoning & alternative use
OI · Decatur, 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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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%
$10,475,000
6.5%
$9,665,000
7%
$8,975,000
Blend value · Realmo final
$9.17M
Range $8.25M – $10.08M · ±10% · vs last sale $8.05M (Nov 14 2024)
Last sale anchor
$8.05M
Nov 14 2024
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
$196 / 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
$67,751
Tax year 2024
Assessed value
$5,271,720
Assessed 2024
Previous assessed
$2,760,000
+91.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$295,640
Assessed improvement
$4,976,080
Land market value
$739,100
Improvement market value
$12,440,200
Total market value
$13,179,300
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
YES
Buildings
3
Stories
4
Units
100
Total area
46,773 SF
Lot
7.38 ac (321,342 SF)
Zoning code
OI
APN
15 151 09 129
UPID
US22-0153296
Jurisdiction
DE KALB
Zoning & alternative use
OI · Decatur, GA
Zoning OI · permitted uses
OI · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Cooling
Yes
Stories
4
Buildings
3
Units
100
Lot
7.38 ac
Current owner
From public records · entity-resolved
FORREST APARTMENTS L P CANDLER
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 7888, ATLANTA, GA 30357
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2024
$8,050,000
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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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