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Property profile & analytics
OFF-MARKET
Estimated value
$41,440,000
Garden apartment buildings
2415 Woodlands SE Dr Smyrna, GA 30080-8408
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1516658
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Total area
230,032 SF
Lot
19.77 ac (861,208 SF)
Zoning code
RM-16
APN
17070600020
UPID
US22-1516658
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
$47.54M
Comparable Approach
Comparable
$50.31M
Blend (final)
Blend
$41.44M
Owner & transaction history
Gc Jasmine Owner LLC · 9 yrs held
Gc Jasmine Owner LLC
since 2017
2 recorded transactions
Zoning & alternative use
RM-16 · Smyrna, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$56.5M
+38.4%
Retail stores
$53.2M
+30.3%
Auto repair, garage
$45.8M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$51,505,000
6.5%
$47,540,000
7%
$44,145,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$40,820,000
Current use
MEDICAL BUILDING
$56,500,000
Change: +38% · Conversion: Moderate
RETAIL STORES
$53,185,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$45,780,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$45,070,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$41.44M
Range $37.30M – $45.58M · ±10%
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
$180 / 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
$395,949
Tax year 2024
Assessed value
$14,578,372
Assessed 2024
Previous assessed
$14,578,372
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$4,547,180
Assessed improvement
$10,031,192
Land market value
$11,367,950
Improvement market value
$25,077,980
Total market value
$36,445,930
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
312
Total area
230,032 SF
Lot
19.77 ac (861,208 SF)
Zoning code
RM-16
APN
17070600020
UPID
US22-1516658
Jurisdiction
COBB
Zoning & alternative use
RM-16 · Smyrna, GA
Zoning 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
Smyrna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$40.8M
MEDICAL BUILDING
Est. value
$56.5M
RETAIL STORES
Est. value
$53.2M
AUTO REPAIR, GARAGE
Est. value
$45.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$45.1M
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
312
Lot
19.77 ac
Current owner
From public records · entity-resolved
Gc Jasmine Owner LLC
Entity
Mailing address
710 PEACHTREE ST NE #100, ATLANTA, GA 30308-1200
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2017
$58,100,000
Gc Jasmine Owner LLC
Jasmine Woodlands Owner LLC
Quit Claim Deed
related
$8,400,000 · Walker & Dunlop
Jan 25, 2017
$21,645,800
Gc Jasmine Owner LLC
Jasmine Woodlands Owner LLC
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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