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Property profile & analytics
OFF-MARKET
Estimated value
$11,670,000
Garden apartment buildings
2420 Heaton Dr Atlanta, GA 30344-5506
Entity Owned
2-yr Hold
Property ID
US22-0953007
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
4,592 SF
Lot
9.54 ac (415,562 SF)
Zoning code
R1
APN
14 019400100401
UPID
US22-0953007
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
-
Phoenix Place Apartment Complex
-
Aero 24Twenty Apartment Complex Apartment Building
-
BITE CITY Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.63M
Blend (final)
Blend
$11.67M
Owner & transaction history
East Point 144 Apts Property Owner · 2 yrs held
East Point 144 Apts Property Owner
since 2023
Last sale
$13.9M
5 recorded transactions
Zoning & alternative use
R1 · Atlanta, 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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$11,670,000
ML approach
$8,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.67M
Range $10.50M – $12.84M · ±10% · vs last sale $13.88M (Nov 13 2023)
Last sale anchor
$13.88M
Nov 13 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
$2,541 / 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
$69,251
Tax year 2023
Assessed value
$2,453,440
Assessed 2023
Previous assessed
$2,304,000
+6.5% YoY
Effective rate
2.82%
On assessed value
Assessed land
$740,000
Assessed improvement
$1,713,440
Land market value
$1,850,000
Improvement market value
$4,283,600
Total market value
$6,133,600
Applied tax rate
20.0000
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
1971
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
13
Stories
1
Units
4
Bathrooms
22
Total area
4,592 SF
Lot
9.54 ac (415,562 SF)
Zoning code
R1
APN
14 019400100401
UPID
US22-0953007
Jurisdiction
FULTON
Zoning & alternative use
R1 · Atlanta, GAZoning R1 · permitted uses
R1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1971
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
13
Units
4
Bathrooms
22
Lot
9.54 ac
Current owner
From public records · entity-resolved
East Point 144 Apts Property Owner
Entity
Mailing address
2420 HEATON DR, ATLANTA, GA 30344-5506
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2023
$13,875,000
East Point 144 Apts Property Owner
Pwre2 East Point Apartments LLC
Limited Warranty Deed
$10,500,000 · Arbor Commercial Funding I
Apr 4, 2019
—
Pwre2 E Pt Apts LLC
—
Deed
related
$4,700,000 · Other Institutional Lenders
Aug 21, 2018
$6,775,000
Pwre2 E Pt Apts LLC
Harmony Pointe LP
Grant Deed
—
—
—
Pwre2 E Pt Apts LLC
—
Deed Of Trust
related
$4,700,000 · Other Institutional Lenders
—
—
Harmony Pointe
—
Deed Of Trust
related
$4,308,000 · Cbre Multifamily Cap
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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