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Property profile & analytics
OFF-MARKET
Estimated value
$265,000
Garden apartment buildings
2217 Dresden Dr Chamblee, GA 30341-5051
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0251388
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Total area
10,427 SF
Lot
0.51 ac (22,216 SF)
Zoning code
RM75
APN
18 244 07 021
UPID
US22-0251388
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$265k
Owner & transaction history
Chengming INC · 12 yrs held
Chengming INC
since 2014
3 recorded transactions
Zoning & alternative use
RM75 · Chamblee, GA
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 Chamblee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chamblee 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$265k
Range $239k – $292k · ±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
$25 / 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
$11,616
Tax year 2024
Assessed value
$252,440
Assessed 2024
Previous assessed
$252,440
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$101,960
Assessed improvement
$150,480
Land market value
$254,900
Improvement market value
$376,200
Total market value
$631,100
Applied tax rate
24.0000
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
1965
Heating
NONE
Cooling
YES
Stories
2
Units
8
Total area
10,427 SF
Lot
0.51 ac (22,216 SF)
Zoning code
RM75
APN
18 244 07 021
UPID
US22-0251388
Jurisdiction
DE KALB
Zoning & alternative use
RM75 · Chamblee, GAZoning RM75 · permitted uses
RM75 · Chamblee, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
chamblee
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Cooling
Yes
Stories
2
Units
8
Lot
0.51 ac
Current owner
From public records · entity-resolved
Chengming INC
Entity
Free & Clear · 12 yrs held
Mailing address
1254 THORNCLIFF CT, LAWRENCEVILLE, GA 30044-8123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Jan 13, 2014
$525,000
Chengming INC
Greenleaf Investment Ptrs Lllp
Grant Deed
—
Jun 29, 2009
$400,000
Investment Partners Greenleaf
Begun,mosaddeka
Grant Deed
—
Aug 25, 2004
—
Abdul L Miah
Begun,mosaddeka
Quit Claim Deed
related
$200,000 · Equity One INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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