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Property profile & analytics
OFF-MARKET
Estimated value
$26,330,000
Garden apartment buildings
2575 Delk SE Rd, Marietta, GA 30067-6584
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0998753
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Total area
243,288 SF
Lot
18.79 ac (818,710 SF)
Zoning code
RM-12
APN
17085800010
UPID
US22-0998753
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
-
Zetratech Advertising Agency Marketing & Advertising
-
WILLOGO l Airport Tranfers l Limo Rentals in Atlanta Freight Service Logistics Company
-
KCTW LLC Recording Studio
-
The Chosen Bar Vocational School Training Center
-
Landry at East Cobb Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.33M
Owner & transaction history
Stonebridge E Cobb Apts LP · 8 yrs held
Stonebridge E Cobb Apts LP
since 2018
4 recorded transactions
Zoning & alternative use
RM-12 · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$42.3M
+13.4%
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 Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$37,260,000
Current use
AUTO REPAIR, GARAGE
$42,265,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$26.33M
Range $23.70M – $28.96M · ±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
$108 / 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
$514,224
Tax year 2024
Assessed value
$17,055,520
Assessed 2024
Previous assessed
$17,033,560
+0.1% YoY
Effective rate
3.02%
On assessed value
Assessed land
$3,618,700
Assessed improvement
$13,436,820
Land market value
$9,046,750
Improvement market value
$33,592,050
Total market value
$42,638,800
Applied tax rate
9.0000
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
1973
Heating
NONE
Buildings
15
Units
200
Total area
243,288 SF
Lot
18.79 ac (818,710 SF)
Zoning code
RM-12
APN
17085800010
UPID
US22-0998753
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Marietta, GA
Zoning RM-12 · permitted uses
RM-12 · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$37.3M
AUTO REPAIR, GARAGE
Est. value
$42.3M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1973
Heating
NONE
Buildings
15
Units
200
Lot
18.79 ac
Current owner
From public records · entity-resolved
Stonebridge E Cobb Apts LP
Entity
Free & Clear · 8 yrs held
Mailing address
30 HUDSON YARDS, NEW YORK, NY 10001-2170
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2018
$23,500,000
Stonebridge E Cobb Apts LP
Aj East Cobb Gardens LLC
Grant Deed
—
Jun 16, 2016
$4,625,200
Aj East Cobb Gardens LLC
Arium East Cobb LLC
Grant Deed
$11,395,000 · * Other Institutional Lenders
Sep 17, 2007
$14,000,000
Ar East Cobb LLC
Pre Of Stonemill LLC
Grant Deed
$15,555,065 · Regions Bank
Apr 1, 2005
$11,150,000
Pre Of Stonemill LLC
Phoenix Life Ins Co
Grant Deed
$7,700,000 · Union Bank Of California
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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