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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Garden apartment buildings
2151 Lenox NE Rd Atlanta, GA 30324-4709
Entity Owned
18-yr Hold
Free & Clear
Property ID
US22-0999998
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
15,240 SF
Lot
1.59 ac (69,260 SF)
Zoning code
RG3
APN
17 000500011063
UPID
US22-0999998
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
-
Lenox Hills Property Management Company
-
LENOX HILL APARTMENTS Apartment Complex
-
Connie Rose & Associates Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.63M
CAP Approach
CAP
$2.59M
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$2.32M
Owner & transaction history
Lenox Ventures INC · 18 yrs held
Lenox Ventures INC
since 2008
4 recorded transactions
Zoning & alternative use
RG3 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,625,000
CAP Approach
CAP Return
Estimation
6%
$2,800,000
6.5%
$2,585,000
7%
$2,400,000
Blend value · Realmo final
$2.32M
Range $2.08M – $2.55M · ±10%
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 2023Property tax & assessments
Tax year 2023
Tax billed
$45,540
Tax year 2023
Assessed value
$1,100,000
Assessed 2023
Previous assessed
$1,068,960
+2.9% YoY
Effective rate
4.14%
On assessed value
Assessed land
$800,000
Assessed improvement
$300,000
Land market value
$2,000,000
Improvement market value
$750,000
Total market value
$2,750,000
Applied tax rate
5.0000
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
1963
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
24
Bathrooms
2
Total area
15,240 SF
Lot
1.59 ac (69,260 SF)
Zoning code
RG3
APN
17 000500011063
UPID
US22-0999998
Jurisdiction
FULTON
Zoning & alternative use
RG3 · Atlanta, GA
Zoning RG3 · permitted uses
RG3 · 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
1963
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
24
Bathrooms
2
Lot
1.59 ac
Current owner
From public records · entity-resolved
Lenox Ventures INC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 450233, ATLANTA, GA 31145-0233
Ownership since
2008
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
Feb 12, 2008
—
Lenox Ventures INC
Lenox Hills Venture Lllp
Quit Claim Deed
—
Feb 12, 2008
$1,454,100
Lindbergh Station LLC
Mills,blanton W
Grant Deed
—
Feb 12, 2008
$72,800
Mills,blanton W
Lenox Ventures INC
Grant Deed
—
Feb 12, 2008
$654,400
Mills,blanton W
Lenox Hills Venture Lllp
Grant Deed
—
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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