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Property profile & analytics
OFF-MARKET
Estimated value
$6,435,000
Hotels
2301 Sullivan Rd College Park, GA 30337-6301
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-3614738
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2003
Total area
123,156 SF
Lot
4 ac (174,240 SF)
Zoning code
C2
APN
13 0037 LL0969
UPID
US22-3614738
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
$6.44M
Owner & transaction history
Millennium Atlanta Arpt Hote 1 · 9 yrs held
Millennium Atlanta Arpt Hote 1
since 2017
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$52 / 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
$194,478
Tax year 2023
Assessed value
$5,853,200
Assessed 2023
Previous assessed
$8,026,800
-27.1% YoY
Effective rate
3.32%
On assessed value
Assessed land
$720,000
Assessed improvement
$5,133,200
Land market value
$1,800,000
Improvement market value
$12,833,000
Total market value
$14,633,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Units
200
Total area
123,156 SF
Lot
4 ac (174,240 SF)
Zoning code
C2
APN
13 0037 LL0969
UPID
US22-3614738
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
2003
Heating
NONE
Stories
1
Units
200
Lot
4 ac
Current owner
From public records · entity-resolved
Millennium Atlanta Arpt Hote 1
Individual
Mailing address
60 POINTE CIR, GREENVILLE, SC 29615-3568
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jun 14, 2017
—
Millennium Atlanta Arpt Hote 1
Millennium Atlanta Arpt Hotel
Quit Claim Deed
related
$15,500,000 · Synovus Bk
May 22, 2007
$12,175,000
Millennium Atlanta Arpt Hotel
Millennium Atlanta Arpt Hotel
Grant Deed
related
—
May 17, 2007
—
Atlanta Airport Hot Millennium
Millennium,atlanta Airport
Quit Claim Deed
related
—
—
—
Millennium Atlanta Arpt Hotel
—
Deed Of Trust
related
$24,880,000 · Wachovia Bk/ga
—
—
Millennium Atlanta Arpt Hotel
—
Loan Modification
related
$24,786,266 · Us Bank NA Series 2007-c3 (ce)
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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