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Property profile & analytics
OFF-MARKET
Estimated value
$27,665,000
Garden apartment buildings
218 Trinity Pl Decatur, GA 30030-3409
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-1829642
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Construction
CONCRETE
Total area
151,790 SF
Lot
1.1 ac (48,047 SF)
Zoning code
C2
APN
15 246 02 014
UPID
US22-1829642
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
-
Philips Tower Retirement Community
-
Presbyterian Homes of Georgia Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.67M
Owner & transaction history
Phg Philips LP · 1 yrs held
Phg Philips LP
since 2025
Last sale
$26.0M
3 recorded transactions
Zoning & alternative use
C2 · 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
$27,305,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$33,985,000
6.5%
$31,370,000
7%
$29,130,000
Blend value · Realmo final
$27.67M
Range $24.90M – $30.43M · ±10% · vs last sale $25.99M (Feb 14 2025)
Last sale anchor
$25.99M
Feb 14 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
$182 / 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
Assessed value
$1,987,040
Assessed 2024
Previous assessed
$1,987,040
+0.0% YoY
Assessed land
$19,200
Assessed improvement
$1,967,840
Land market value
$48,000
Improvement market value
$4,919,600
Total market value
$4,967,600
Applied tax rate
92.0000
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
1971
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
10
Total area
151,790 SF
Lot
1.1 ac (48,047 SF)
Zoning code
C2
APN
15 246 02 014
UPID
US22-1829642
Jurisdiction
DE KALB
Zoning & alternative use
C2 · Decatur, GA
Zoning C2 · permitted uses
C2 · 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
1971
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
10
Lot
1.1 ac
Current owner
From public records · entity-resolved
Phg Philips LP
Entity
Mailing address
218 E TRINITY PL STE A, DECATUR, GA 30030-3410
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2025
—
Phg Philips LP
—
Deed
related
$16,552,800 · Philips Tower Decatur
Feb 14, 2025
$25,990,000
Phg Philips LP
Philips Tower Decatur INC
Warranty Deed
$16,552,800 · Philips Tower Decatur
Feb 14, 2025
—
Phg Philips LP
Philips Tower Decatur INC
Quitclaim 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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