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Property profile & analytics
OFF-MARKET
Estimated value
$35,205,000
Garden apartment buildings
2650 Bentley SE Rd, Marietta, GA 30067-8837
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1797561
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Total area
296,720 SF
Lot
17.31 ac (754,024 SF)
Zoning code
RM-12
APN
17085600050
UPID
US22-1797561
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
-
Diagnose North America Logistics Company
-
Elea Apartment Building Apartment Complex
-
Sista’s Breakfast Bar Take-out & Catering Catering Service
-
Anytime junk removal and evictions Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$41.29M
Blend (final)
Blend
$35.21M
Owner & transaction history
Hillcrest Elea Property Owner LLC · 1 yrs held
Hillcrest Elea Property Owner LLC
since 2024
7 recorded transactions
Zoning & alternative use
RM-12 · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$57.9M
+27.4%
Auto repair, garage
$51.5M
+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)
$45,445,000
Current use
COMMERCIAL (GENERAL)
$57,895,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$51,545,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$35.21M
Range $31.68M – $38.73M · ±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
$119 / 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
$509,323
Tax year 2024
Assessed value
$16,892,960
Assessed 2024
Previous assessed
$10,182,320
+65.9% YoY
Effective rate
3.02%
On assessed value
Assessed land
$3,332,788
Assessed improvement
$13,560,172
Land market value
$8,331,970
Improvement market value
$33,900,430
Total market value
$42,232,400
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
1971
Heating
NONE
Buildings
14
Units
207
Total area
296,720 SF
Lot
17.31 ac (754,024 SF)
Zoning code
RM-12
APN
17085600050
UPID
US22-1797561
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
$45.4M
COMMERCIAL (GENERAL)
Est. value
$57.9M
AUTO REPAIR, GARAGE
Est. value
$51.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1971
Heating
NONE
Buildings
14
Units
207
Lot
17.31 ac
Current owner
From public records · entity-resolved
Hillcrest Elea Property Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
107 EUCALYPTUS DR, EL SEGUNDO, CA 90245-3839
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Oct 17, 2024
—
Hillcrest Elea Property Owner LLC
Ideal Ivy Ridge Owner LLC
Deed
—
Feb 24, 2022
$38,811,000
Ideal Ivy Ridge Owner LLC
Ivy Ridge Marietta LP
Limited Warranty Deed
$34,160,000 · Argentic Real Estate Investment LLC
Jul 31, 2018
$27,175,000
Ivy Ridge Marietta LP
Ivy Ridge Residences LP
Grant Deed
$18,958,000 · Cbre Cap Markets
Jul 16, 2015
—
Ivy Ridge Residences LP
Ivy Ridge Apartments LLC
Quit Claim Deed
related
—
Jul 16, 2015
$17,600,000
Ivy Ridge Residences LP
Ivy Ridge Apartments LLC
Grant Deed
related
$14,765,000 · Greystone Svcg
Jan 13, 2012
$8,100,000
Ivy Ridge Apartments LLC
Baskey Autumn Chase Apartments
Grant Deed
$7,500,000 · Guggenheim Life & Annuity Co
Dec 4, 2006
$11,400,000
Baskey Autumn Chase Apts LLC
John Hancock Lif Ins Co USA
Grant Deed
$12,018,600 · Capmark Bank
Dec 1, 2006
$11,400,000
Autumn Chase Apartments Baskey
John,hancock Life Insuranc
Grant Deed
—
Mar 1, 2005
$7,354,190
John Hancock Life Insurance Co
Conbows Airport Lns INC
Trustees 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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