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Property profile & analytics
OFF-MARKET
Estimated value
$8,965,000
Hotels
255 Courtland NE St, Atlanta, GA 30303-1265
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-1464647
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1974
Total area
245,554 SF
Lot
4.81 ac (209,524 SF)
Zoning code
SPI1
APN
14 005100020916
UPID
US22-1464647
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
-
Muskeeter Towing solutions Company Auto Repair Shop
-
Nikolais Roof Restaurant
-
Trader Vic's Restaurant
-
Hilton Atlanta Hotel & Motel
-
First Class Auto Transport Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.97M
Owner & transaction history
Atlanta Hotel Owner LLC · 1 yrs held
Atlanta Hotel Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
SPI1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$37 / 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
$1,954,138
Tax year 2023
Assessed value
$42,115,040
Assessed 2023
Previous assessed
$42,115,040
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$9,403,640
Assessed improvement
$32,711,400
Land market value
$23,509,100
Improvement market value
$81,778,500
Total market value
$105,287,600
Applied tax rate
5.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1974
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
999
Total area
245,554 SF
Lot
4.81 ac (209,524 SF)
Zoning code
SPI1
APN
14 005100020916
UPID
US22-1464647
Jurisdiction
FULTON
Zoning & alternative use
SPI1 · Atlanta, GA
Zoning SPI1 · permitted uses
SPI1 · 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
1974
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
999
Lot
4.81 ac
Current owner
From public records · entity-resolved
Atlanta Hotel Owner LLC
Entity
Mailing address
255 COURTLAND ST NE, ATLANTA, GA 30303-1265
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2025
$190,999,312
Atlanta Hotel Owner LLC
255 Courtland LLC
Deed
related
$193,800,000 · Atlanta Hotel Lender
Jan 3, 2024
—
Terry Lee Gooden
Ella B Glover
Deed
—
Dec 27, 2019
—
255 Courtland LLC
—
Deed
related
$218,800,000 · Barclays Cap R/e
Jan 2, 2018
—
255 Courtland LLC
—
Grant Deed
related
$146,400,000 · Cason Hm Lns
Mar 31, 2017
—
Ugp-255 Courtland Garage LLC
—
Deed
related
$19,500,000 · Miscellaneous Ins Co
Dec 19, 2016
$34,000,000
Ugp-255 Courtland Garage LLC
255 Courtland LLC
Grant Deed
related
—
Oct 26, 2015
$27,000,000
255 Courtland LLC
Acc Garage LLC
Grant Deed
$124,000,000 · Starwood Prop Mtg
Oct 26, 2015
$112,681,000
255 Courtland LLC
Acc Hospitality Lessor LLC
Grant Deed
—
Nov 15, 2012
$15,400,000
Acc Garage LLC
Acc Hospitality Lessor LLC
Grant Deed
related
—
Apr 30, 2007
$180,000,000
Acc Hospitality Lessor LLC
Atlanta Center Ltd
Grant Deed
—
Apr 30, 2007
—
Acc Office LLC
Acc Hospitality Lessor LLC
Quit Claim Deed
related
$170,250,000 · General Elec Cap
Apr 30, 2007
$171,300,000
Acc Hospitality Lessor LLC
Atlanta Center Ltd
Grant Deed
—
—
—
255 Courtland LLC
—
Deed Of Trust
related
$218,800,000 · Barclays Cap R/e
—
—
Ugp-255 Courtland Garage LLC
—
Deed Of Trust
related
$19,500,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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