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Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
High-rise multifamily apartments
235 Pike St Lawrenceville, GA 30046-4876
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-0073637
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1966
Construction
WOOD
Total area
6,496 SF
Lot
0.28 ac (12,197 SF)
Zoning code
RM12-RES MULTI FAM
APN
5-146E-046
UPID
US22-0073637
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
$1.80M
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.63M
Owner & transaction history
Dadi Investments II LLC · 4 yrs held
Dadi Investments II LLC
since 2022
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
RM12-RES MULTI FAM · Lawrenceville, 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 Lawrenceville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrenceville 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
$1,880,000
ML approach
$1,795,000
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,345,000
7%
$1,245,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,290,000
Current use
MEDICAL BUILDING
$2,155,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±10% · vs last sale $1.57M (Jul 28 2022)
Last sale anchor
$1.57M
Jul 28 2022
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
$251 / 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
$15,601
Tax year 2023
Assessed value
$486,000
Assessed 2023
Previous assessed
$486,000
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$73,520
Assessed improvement
$412,480
Land market value
$183,800
Improvement market value
$1,031,200
Total market value
$1,215,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Units
9
Total area
6,496 SF
Lot
0.28 ac (12,197 SF)
Zoning code
RM12-RES MULTI FAM
APN
5-146E-046
UPID
US22-0073637
Jurisdiction
GWINNETT
Zoning & alternative use
RM12-RES MULTI FAM · Lawrenceville, GAZoning RM12-RES MULTI FAM · permitted uses
RM12-RES MULTI FAM · Lawrenceville, 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
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
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
1966
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
9
Lot
0.28 ac
Current owner
From public records · entity-resolved
Dadi Investments II LLC
Entity
Mailing address
4690 S OLD PEACHTREE RD, PEACHTREE CORNERS, GA 30071-5708
Ownership since
2022
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
Jul 28, 2022
$1,570,000
Dadi Investments II LLC
235 West Pike LP
Warranty Deed
$1,177,500 · Servisfirst Bank
Apr 14, 2020
—
235 West Pike LP
Hf Holdings LLC
Quit Claim Deed
related
$744,000 · Quantum Nat'l Bk
May 13, 2019
—
Calgary R & E Ptrs LLC
1230 Real Estate LLC
Grant Deed
related
—
May 13, 2019
$915,000
Hf Holdings LLC
Calgary R/e Ptrs LLC
Grant Deed
related
—
May 9, 2018
$490,000
1230 Real Estate LLC
Willor Properties LLC
Grant Deed
$392,000 · First American Bk
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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