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Property profile & analytics
OFF-MARKET
Estimated value
$41,910,000
Garden apartment buildings
2330 Cobb SE Pkwy Smyrna, GA 30080-8811
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1701073
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Total area
205,206 SF
Lot
13.97 ac (608,707 SF)
Zoning code
RM-16
APN
17080700060
UPID
US22-1701073
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
-
Elevate Twenty Three Apartment Building Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$42.41M
Comparable Approach
Comparable
$45.81M
Blend (final)
Blend
$41.91M
Owner & transaction history
2330 Cobb Pkwy LLC · 5 yrs held
2330 Cobb Pkwy LLC
since 2021
Last sale
$41.1M
7 recorded transactions
Zoning & alternative use
RM-16 · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$50.4M
+38.4%
Retail stores
$47.4M
+30.3%
Auto repair, garage
$40.8M
+12.1%
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 Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna 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
$43,030,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$45,945,000
6.5%
$42,410,000
7%
$39,380,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$36,415,000
Current use
MEDICAL BUILDING
$50,405,000
Change: +38% · Conversion: Moderate
RETAIL STORES
$47,445,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$40,840,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$40,210,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$41.91M
Range $37.72M – $46.10M · ±10% · vs last sale $41.10M (Jun 23 2021)
Last sale anchor
$41.10M
Jun 23 2021
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
$204 / 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
$392,190
Tax year 2024
Assessed value
$14,440,000
Assessed 2024
Previous assessed
$14,440,000
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$3,481,804
Assessed improvement
$10,958,196
Land market value
$8,704,510
Improvement market value
$27,395,490
Total market value
$36,100,000
Applied tax rate
6.0000
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
1985
Heating
NONE
Buildings
6
Units
222
Total area
205,206 SF
Lot
13.97 ac (608,707 SF)
Zoning code
RM-16
APN
17080700060
UPID
US22-1701073
Jurisdiction
COBB
Zoning & alternative use
RM-16 · Smyrna, GAZoning RM-16 · permitted uses
RM-16 · Smyrna, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$36.4M
MEDICAL BUILDING
Est. value
$50.4M
RETAIL STORES
Est. value
$47.4M
AUTO REPAIR, GARAGE
Est. value
$40.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$40.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
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
1985
Heating
NONE
Buildings
6
Units
222
Lot
13.97 ac
Current owner
From public records · entity-resolved
2330 Cobb Pkwy LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1934 OLD GALLOWS RD STE #350, VIENNA, VA 22182-4050
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jun 23, 2021
$41,100,000
2330 Cobb Pkwy LLC
23 Thirty Residences LLC
Limited Warranty Deed
—
Sep 8, 2017
—
Fpa Of Wc Cumberland LLC
Lassiter Consulting & Mgmt INC
Quit Claim Deed
related
—
Feb 18, 2016
$18,000,000
Fpa Wc Cumberland LLC
Cumberland Glen Apartments Georgia
Special Warranty Deed
$14,690,000 · Wells Fargo Bank NA
May 23, 2011
—
Irt Cumberland Glen Apartments
Cumberland Glen Apartments Geo
Quit Claim Deed
related
—
May 5, 2011
$13,800,000
Irt Cumberland Glen Apartments
Cumberland Glen Apartments Geo
Warranty Deed
related
$6,900,000 · Rait Partnership LP
Mar 8, 2007
$14,311,500
Cumberland Glen Apts Ga LLC
Peachtree Battle Investors I LLC
Grant Deed
$14,335,620 · Rait Partnership LP
Feb 28, 2007
$14,311,440
Glen Apartments Geo Cumberland
Peachtree,battle Investors
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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