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Property profile & analytics
OFF-MARKET
Estimated value
$3,285,000
Garden apartment buildings
260 Northern Ave, Avondale Estates, GA 30002-1214
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0666530
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1969
Total area
20,520 SF
Lot
11.87 ac (517,057 SF)
Zoning code
X
APN
18 011 02 007
UPID
US22-0666530
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
$4.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
Avondale Reserve LLC · 13 yrs held
Avondale Reserve LLC
since 2013
7 recorded transactions
Zoning & alternative use
X · Avondale Estates, 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 Avondale Estates submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avondale Estates 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%
$4,595,000
6.5%
$4,240,000
7%
$3,940,000
Blend value · Realmo final
$3.29M
Range $2.96M – $3.61M · ±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
$160 / 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
$227,260
Tax year 2024
Assessed value
$10,491,680
Assessed 2024
Previous assessed
$11,122,400
-5.7% YoY
Effective rate
2.17%
On assessed value
Assessed land
$936,000
Assessed improvement
$9,555,680
Land market value
$2,340,000
Improvement market value
$23,889,200
Total market value
$26,229,200
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 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
1969
Heating
NONE
Cooling
YES
Buildings
9
Stories
2
Units
155
Total area
20,520 SF
Lot
11.87 ac (517,057 SF)
Zoning code
X
APN
18 011 02 007
UPID
US22-0666530
Jurisdiction
DE KALB
Zoning & alternative use
X · Avondale Estates, GA
Zoning X · permitted uses
X · Avondale Estates, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avondale Estates. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Cooling
Yes
Stories
2
Buildings
9
Units
155
Lot
11.87 ac
Current owner
From public records · entity-resolved
Avondale Reserve LLC
Entity
Mailing address
129 S 11TH ST #129, NASHVILLE, TN 37206-2954
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2019
—
Northern Avenue LLC
—
Deed
related
$9,000,000 · Berkadia Commercial Mortgage
Oct 25, 2016
—
2mds Investments LLC
—
Deed
related
$6,250,000 · Renasant Bank
Jan 2, 2013
$1,450,000
Avondale Reserve LLC
Pem Of Fsf Elite/avondale LLC
Grant Deed
related
$1,920,000 · Renasant Bank
Jul 20, 2012
$1,325,000
Pem Of Fsf Elite At Avondale LLC
Ameris Bk
Grant Deed
—
Oct 21, 2011
—
American Bk
One Ga Bk
Grant Deed
related
—
Nov 9, 2010
$3,450,000
One Ga Bk
Elite At Avondale Crossing LLC
Trustees Deed
related
—
Sep 18, 2007
$4,500,000
Elite At Avondale Crossing LLC
Tritex Real Estate Advisor
Grant Deed
$4,597,500 · Omni National Bank
Oct 20, 2006
$89,900
Diego V Rhooes
Mae,fannie
Grant Deed
—
Sep 5, 2006
$4,800,000
Tritex Real Etate Advisors INC
Mae,fannie
Grant Deed
—
Sep 5, 2006
—
Fannie Mae
Avondale,crossing Apartmen
Grant Deed
related
—
—
—
Avondale Reserve LLC
—
Deed Of Trust
related
$1,500,000 · Aj Invs
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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