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Property profile & analytics
OFF-MARKET
Estimated value
$37,905,000
High-rise multifamily apartments
2600 Milscott Dr Decatur, GA 30033-5923
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-2565833
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2015
Total area
192,175 SF
Lot
9.41 ac (409,900 SF)
Zoning code
OI
APN
18 049 14 003
UPID
US22-2565833
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
-
Psychic And Spiritual Healing - Sai Krishna Spiritual Center
-
Reserve Decatur Apartment Complex Apartment Building
-
Pet Conceirge Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$39.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$37.91M
Owner & transaction history
Reserve Decatur Owner LLC · 1 yrs held
Reserve Decatur Owner LLC
since 2024
6 recorded transactions
Zoning & alternative use
OI · Decatur, 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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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%
$43,030,000
6.5%
$39,720,000
7%
$36,880,000
Blend value · Realmo final
$37.91M
Range $34.11M – $41.70M · ±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
$197 / 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
$1,340,149
Tax year 2024
Assessed value
$30,400,000
Assessed 2024
Previous assessed
$30,400,000
+0.0% YoY
Effective rate
4.41%
On assessed value
Assessed land
$3,648,000
Assessed improvement
$26,752,000
Land market value
$9,120,000
Improvement market value
$66,880,000
Total market value
$76,000,000
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
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2015
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
298
Total area
192,175 SF
Lot
9.41 ac (409,900 SF)
Zoning code
OI
APN
18 049 14 003
UPID
US22-2565833
Jurisdiction
DE KALB
Zoning & alternative use
OI · Decatur, GA
Zoning OI · permitted uses
OI · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
298
Lot
9.41 ac
Current owner
From public records · entity-resolved
Reserve Decatur Owner LLC
Entity
Mailing address
2600 MILSCOTT DR, DECATUR, GA 30033-5923
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2024
—
Reserve Decatur Owner LLC
2600 Milscott Ga LLC
Warranty Deed
$44,137,500 · Prudential
Dec 9, 2021
$100,300,000
2600 Milscott Ga LLC
Milscott Drive Owner LLC
Warranty Deed
$740,000,000 · Barclays
Nov 9, 2017
$66,752,000
Milscott Drive Owner LLC
Decatur Venture Partners LLC
Trustees Deed
$42,000,000 · Miscellaneous Ins Co
May 20, 2013
$2,200,000
P LP
Decatur Land Holdings LLC
Grant Deed
—
Apr 15, 2008
$7,900,000
Decatur Land Holdings LLC
Chrysler Realty Co LLC
Grant Deed
related
—
Nov 28, 2005
$3,013,600
Chrysler Realty Co LLC
Meyer,dennis W
Grant Deed
—
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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