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Property profile & analytics
OFF-MARKET
Estimated value
$21,525,000
Golf courses & driving ranges
2281 Midway Rd Douglasville, GA 30135-1396
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US22-1811566
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
COUNTRY CLUB
Year built
1989
Construction
WOOD FRAME
Total area
1,928 SF
Lot
25 ac (1,089,000 SF)
Zoning code
R-MF
APN
0082-01-5- -00003
UPID
US22-1811566
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
-
Atlantic Fence Builders General Contractor Construction Company
-
The Lord & Chevalier Inc. Store Equipment Supplier
-
Place at Midway Apartments Apartment Complex
-
Faith Deliverance Church
-
Time To Eat Douglas Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.53M
Owner & transaction history
Place At Midway LLC · 6 yrs held
Place At Midway LLC
since 2020
Last sale
$20.5M
5 recorded transactions
Zoning & alternative use
R-MF · Douglasville, 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 Douglasville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Douglasville 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
$23,570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.53M
Range $19.37M – $23.68M · ±10% · vs last sale $20.50M (Mar 12 2020)
Last sale anchor
$20.50M
Mar 12 2020
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
$11,164 / 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
$245,774
Tax year 2023
Assessed value
$7,728,000
Assessed 2023
Previous assessed
$7,728,000
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$550,000
Assessed improvement
$7,178,000
Land market value
$1,375,000
Improvement market value
$17,945,000
Total market value
$19,320,000
Applied tax rate
1.0000
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
Golf courses & driving ranges
Use group
COUNTRY CLUB
Status
Off-Market
Year built
1989
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Buildings
11
Stories
1
Total area
1,928 SF
Lot
25 ac (1,089,000 SF)
Zoning code
R-MF
APN
0082-01-5- -00003
UPID
US22-1811566
Jurisdiction
DOUGLAS
Zoning & alternative use
R-MF · Douglasville, GA
Zoning R-MF · permitted uses
R-MF · Douglasville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Douglasville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
11
Lot
25 ac
Current owner
From public records · entity-resolved
Place At Midway LLC
Entity
Mailing address
2727 LYNDON B JOHNSON FWY STE #806, DALLAS, TX 75234-7334
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2020
$10,841,000
Place At Midway LLC
Ics Ridge LLC
Grant Deed
$9,822,000 · Federal Nat'l Mtg Assn (fnma)
Dec 18, 2015
—
Ics Ridge LLC
Home Ridge Apt Property LLC
Quit Claim Deed
related
—
Dec 18, 2015
$12,277,500
Ics Ridge LLC
Home Ridge Apt Property LLC
Grant Deed
—
Oct 12, 2007
$12,300,000
Home Ridge Apt Property LLC
Home Ridge Apartment Assocs
Deed Of Trust
related
$9,800,000 · Cwcapital LLC
Oct 9, 2007
$12,300,000
Home Ridge Apt Property LLC
Home Ridge Apartment Assoc
Grant Deed
related
$9,800,000 · Cwcapital LLC
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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