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Property profile & analytics
OFF-MARKET
Estimated value
$52,530,000
Garden apartment buildings
2515 Nene NE Expy Atlanta, GA 30345-2501
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-1270971
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1967
Total area
18,354 SF
Lot
31 ac (1,350,360 SF)
Zoning code
RM75
APN
18 205 01 092
UPID
US22-1270971
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
$52.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$52.53M
Owner & transaction history
Smp Indigo Spe LLC · 1 yrs held
Smp Indigo Spe LLC
since 2024
Last sale
$52.5M
7 recorded transactions
Zoning & alternative use
RM75 · 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
$52,530,000
ML approach
$52,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$52.53M
Range $47.28M – $57.78M · ±10% · vs last sale $52.53M (Aug 30 2024)
Last sale anchor
$52.53M
Aug 30 2024
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
$2,862 / 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
$613,188
Tax year 2024
Assessed value
$21,711,240
Assessed 2024
Previous assessed
$13,550,480
+60.2% YoY
Effective rate
2.82%
On assessed value
Assessed land
$3,818,164
Assessed improvement
$17,893,076
Land market value
$9,545,409
Improvement market value
$44,732,691
Total market value
$54,278,100
Applied tax rate
4.0000
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
1967
Heating
NONE
Cooling
YES
Buildings
24
Stories
2
Units
392
Total area
18,354 SF
Lot
31 ac (1,350,360 SF)
Zoning code
RM75
APN
18 205 01 092
UPID
US22-1270971
Jurisdiction
DE KALB
Zoning & alternative use
RM75 · Atlanta, GA
Zoning RM75 · permitted uses
RM75 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Cooling
Yes
Stories
2
Buildings
24
Units
392
Lot
31 ac
Current owner
From public records · entity-resolved
Smp Indigo Spe LLC
Entity
Mailing address
2515 NENE EXPY NE #1600, ATLANTA, GA 30345-2501
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$52,531,000
Smp Indigo Spe LLC
2515 Northeast Expressway LP
Warranty Deed
$36,731,000 · Berkadia Commercial Mortgage
Nov 1, 2018
—
Avenues Schorr LLC
Avenues 85 Partners LLC
Quit Claim Deed
related
—
Nov 1, 2018
$35,672,000
2515 Northeast Expressway LP
Avenues 85 Partners LLC
Grant Deed
$25,700,000 · Berkadia Com'l Mtg
Aug 26, 2014
$18,032,000
Marquise Of Avenues LLC
Vcp The Avenues LLC
Grant Deed
$15,700,000 · Rcc R/e
Aug 26, 2014
—
Marquise Of Avenues LLC
Vcp The Avenues LLC
Quit Claim Deed
related
—
Feb 10, 2014
—
Vcp Avenues LLC
2515 Northeast Expressway Hold
Quit Claim Deed
related
—
Feb 10, 2014
$13,400,000
Vcp Avenues LLC
2515 Northeast Expressway Hold
Grant Deed
$10,000 · Arbor Realty SR
Jun 7, 2011
$150,000
2515 Northeast Expressway Hold
Avenues Apartments LLC
Trustees Deed
related
—
Aug 2, 2004
—
Avenues Of Dekalb LLC
PC Partners Ltd
Grant Deed
$17,500,000 · Deutsche Banc Mortgage Capital
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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