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Property profile & analytics
OFF-MARKET
Estimated value
$8,900,000
High-rise multifamily apartments
215 Paper Ml Rd Lawrenceville, GA 30046-3146
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-0115427
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1970
Construction
WOOD
Total area
13,254 SF
Lot
5.2 ac (226,512 SF)
Zoning code
RM12-RES MULTI FAM
APN
5-174 -116
UPID
US22-0115427
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
-
Food Shuttle Restaurant
-
The Carolina Real Estate Agency
-
Carolina Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.04M
Blend (final)
Blend
$8.90M
Owner & transaction history
215 Paper Mill Rd Pcpre LLC · 5 yrs held
215 Paper Mill Rd Pcpre LLC
since 2020
Last sale
$8.5M
4 recorded transactions
Zoning & alternative use
RM12-RES MULTI FAM · Lawrenceville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.3M
+34.0%
Auto repair, garage
$5.9M
+26.8%
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 Lawrenceville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrenceville 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
$9,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,265,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,925,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$8.90M
Range $8.01M – $9.79M · ±10% · vs last sale $8.45M (Nov 10 2020)
Last sale anchor
$8.45M
Nov 10 2020
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
$671 / 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
$88,134
Tax year 2023
Assessed value
$4,232,360
Assessed 2023
Previous assessed
$4,232,360
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$453,040
Assessed improvement
$3,779,320
Land market value
$1,132,600
Improvement market value
$9,448,300
Total market value
$10,580,900
Applied tax rate
6.0000
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
1970
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
7
Stories
2
Total area
13,254 SF
Lot
5.2 ac (226,512 SF)
Zoning code
RM12-RES MULTI FAM
APN
5-174 -116
UPID
US22-0115427
Jurisdiction
GWINNETT
Zoning & alternative use
RM12-RES MULTI FAM · Lawrenceville, GAZoning RM12-RES MULTI FAM · permitted uses
RM12-RES MULTI FAM · Lawrenceville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$5.9M
RESTAURANT
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
1970
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
7
Lot
5.2 ac
Current owner
From public records · entity-resolved
215 Paper Mill Rd Pcpre LLC
Entity
Mailing address
12945 SEMINOLE BLVD STE 1-5, LARGO, FL 33778-2313
Ownership since
2020
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
Nov 10, 2020
$8,451,000
215 Paper Mill Rd Pcpre LLC
New Britain Village LLC
Limited Warranty Deed
$6,960,000 · Greystone Servicing
Jul 2, 2019
—
New Britain Village LLC
Carolina Apartments LLC
Quit Claim Deed
related
—
Jul 2, 2019
$7,277,900
New Britain Village LLC
Carolina Apartments LLC
Grant Deed
—
—
—
Carolina Apartments LLC
—
Deed Of Trust
related
$3,100,000 · Cwcapital LLC
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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