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Property profile & analytics
OFF-MARKET
Estimated value
$7,380,000
Garden apartment buildings
2301 Godby Rd, College Park, GA 30349-5007
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-4744823
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
4,460 SF
Lot
13.45 ac (585,882 SF)
Zoning code
C2
APN
13 0060 LL0399
UPID
US22-4744823
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
$7.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.70M
Blend (final)
Blend
$7.38M
Owner & transaction history
Manchester Oaks Apartments LLC · 2 yrs held
Manchester Oaks Apartments LLC
since 2023
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
C2 · College Park, 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 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
$7,225,000
ML approach
$7,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.38M
Range $6.64M – $8.12M · ±10% · vs last sale $7.50M (Dec 6 2023)
Last sale anchor
$7.50M
Dec 6 2023
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
$1,655 / 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
$110,646
Tax year 2023
Assessed value
$3,920,000
Assessed 2023
Previous assessed
$3,000,000
+30.7% YoY
Effective rate
2.82%
On assessed value
Assessed land
$1,440,000
Assessed improvement
$2,480,000
Land market value
$3,600,000
Improvement market value
$6,200,000
Total market value
$9,800,000
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
1973
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
8
Stories
1
Units
240
Bathrooms
9
Total area
4,460 SF
Lot
13.45 ac (585,882 SF)
Zoning code
C2
APN
13 0060 LL0399
UPID
US22-4744823
Jurisdiction
FULTON
Zoning & alternative use
C2 · College Park, GA
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
1973
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
8
Units
240
Bathrooms
9
Lot
13.45 ac
Current owner
From public records · entity-resolved
Manchester Oaks Apartments LLC
Entity
Mailing address
2301 GODBY RD, COLLEGE PARK, GA 30349-5007
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Dec 6, 2023
—
Manchester Oaks Apartments LLC
Arbor Cs Funding LLC
Quit Claim Deed
related
$18,000,000 · Arbor Commercial Funding I
Aug 30, 2019
—
Manchester Oaks Apartments LLC
Georgia Apartment Land Trust
Quit Claim Deed
related
—
Aug 30, 2019
$7,500,000
Manchester Oaks Apartments LLC
Georgia Apartment Land Trust
Trustees Deed
$12,000,000 · Arbor Realty SR
Aug 11, 2017
$800,000
Georgia Apartment Land Trust
Turnbury Apartments La Trust
Grant Deed
—
Sep 3, 2013
$800,000
Turnbury Apartments Land Trust
Db Aster LLC
Grant Deed
—
Feb 10, 2012
$1,200,000
Db Aster LLC
Doorval LLC
Trustees Deed
—
—
—
Doorval LLC
—
Deed Of Trust
related
$7,100,000 · Branch Bk&tr
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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