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Property profile & analytics
OFF-MARKET
Estimated value
$34,650,000
Garden apartment buildings
2222 Ew Connector, Austell, GA 30106-8190
Entity Owned
8-yr Hold
Free & Clear
Property ID
US22-1061352
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1999
Total area
209,649 SF
Lot
13.51 ac (588,496 SF)
Zoning code
RM-12
APN
19086000020
UPID
US22-1061352
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
$43.33M
Comparable Approach
Comparable
$29.61M
Blend (final)
Blend
$34.65M
Owner & transaction history
Rre Tramore Village Holdings L · 8 yrs held
Rre Tramore Village Holdings L
since 2018
7 recorded transactions
Zoning & alternative use
RM-12 · Austell, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$51.5M
+14.9%
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 Austell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austell 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%
$46,940,000
6.5%
$43,330,000
7%
$40,235,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$44,810,000
Current use
MEDICAL BUILDING
$51,495,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$41,720,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$41,080,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$34.65M
Range $31.19M – $38.12M · ±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
$165 / 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
$433,721
Tax year 2024
Assessed value
$14,385,440
Assessed 2024
Previous assessed
$14,385,440
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$2,152,952
Assessed improvement
$12,232,488
Land market value
$5,382,380
Improvement market value
$30,581,220
Total market value
$35,963,600
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
1999
Heating
NONE
Buildings
4
Units
220
Total area
209,649 SF
Lot
13.51 ac (588,496 SF)
Zoning code
RM-12
APN
19086000020
UPID
US22-1061352
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Austell, GA
Zoning RM-12 · permitted uses
RM-12 · Austell, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Austell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$44.8M
MEDICAL BUILDING
Est. value
$51.5M
AUTO REPAIR, GARAGE
Est. value
$41.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$41.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Heating
NONE
Buildings
4
Units
220
Lot
13.51 ac
Current owner
From public records · entity-resolved
Rre Tramore Village Holdings L
Entity
Free & Clear · 8 yrs held
Mailing address
1845 PO BOX 3878TH ST FL #17, CHICAGO, IL 60690-3878
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2022
—
Rre Tramore Village Holdings LLC
—
Deed
related
$120,400,000 · Bank Of America NA
Mar 27, 2018
—
Rre Tramore Village Holdings L
Tramore Apartments LLC
Quit Claim Deed
related
—
Mar 27, 2018
$44,350,000
Rre Tramore Village Holdings L
Tramore Apartments LLC
Grant Deed
related
$32,625,000 · Berkadia Com'l Mtg
Mar 6, 2013
$1,100,700
Cottonwood Tramore H LLC
Cwc Tramore 29 LLC
Grant Deed
related
$19,822,025 · Us Bank NA Cd 2006-cd2 (ce)
Mar 9, 2006
—
Cwc Tramore 32 LLC
Cwc Tramore 31 LLC
Quit Claim Deed
related
—
Jan 3, 2006
$7,310,915
Cwc Tramore 15 LLC
Cottonwood Tramore S LLC
Grant Deed
—
Dec 21, 2005
$25,250,000
Cottonwood Tramore S LLC
Atl Of Tramore
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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