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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Garden apartment buildings
2166 Park Ter, College Park, GA 30337-1719
Trust Owned
17-yr Hold
~
Est. High Equity
Property ID
US22-4550267
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
4,699 SF
Lot
0.76 ac (32,888 SF)
Zoning code
MF
APN
14 019100080382
UPID
US22-4550267
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$988k
Blend (final)
Blend
$995k
Owner & transaction history
2206 Park Terrace Land Trust · 17 yrs held
2206 Park Terrace Land Trust
since 2009
7 recorded transactions
Zoning & alternative use
MF · College Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+45.6%
Neighborhood: shopping center
$1.3M
+41.0%
Medical building
$1.3M
+40.8%
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 College Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Park 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
$745,000
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$795,000
7%
$740,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$905,000
Current use
COMMERCIAL (GENERAL)
$1,320,000
Change: +46% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,280,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$1,280,000
Change: +41% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,195,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,100,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$1,055,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$212 / 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
$15,052
Tax year 2023
Assessed value
$533,280
Assessed 2023
Previous assessed
$225,280
+136.7% YoY
Effective rate
2.82%
On assessed value
Assessed land
$60,000
Assessed improvement
$473,280
Land market value
$150,000
Improvement market value
$1,183,200
Total market value
$1,333,200
Applied tax rate
15.0000
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
1960
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
4
Bathrooms
4
Total area
4,699 SF
Lot
0.76 ac (32,888 SF)
Zoning code
MF
APN
14 019100080382
UPID
US22-4550267
Jurisdiction
FULTON
Zoning & alternative use
MF · College Park, GA
Zoning MF · permitted uses
MF · College Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
College Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1960
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
4
Bathrooms
4
Lot
0.76 ac
Current owner
From public records · entity-resolved
2206 Park Terrace Land Trust
Trust
Mailing address
6130 PATTILLO WAY, LITHONIA, GA 30058-6222
Ownership since
2009
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
Apr 14, 2009
—
2206 Park Terrace Land Trust
Barner,janice
Warranty Deed
$381,119 · Janice Barner
May 14, 2008
—
Barner,janice
Barner,damon
Quit Claim Deed
related
$386,250 · Acceptance Cap Mtg
Mar 6, 2008
—
2166/2172 Park Terrace Land Trust
Barner,duane
Warranty Deed
related
$345,000 · Lindfield Hldgs
Mar 4, 2008
—
Barner,janice E
Barner,damon
Quit Claim Deed
related
—
Jan 31, 2008
—
Freeport Title Guaranty INC
Barner,duane
Grant Deed
$345,000 · Lindfield Holdings LLC
Apr 16, 2007
—
Barner,damon
—
Trustees Deed
related
$253,000 · Highland Fin'l
Feb 15, 2005
—
Barner,duane & Damon
Barner,duane
Quit Claim Deed
related
$457,500 · Imperial Cap Bk
—
—
Clem R Graham
—
Deed Of Trust
related
$410,000 · Realty Rsrcs Corp Psp/tr (ct)
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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