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Property profile & analytics
OFF-MARKET
Estimated value
$18,935,000
Garden apartment buildings
2650 Mt Zion Pkwy Jonesboro, GA 30236-2503
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-4691962
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1998
Total area
330 SF
Lot
33.3 ac (1,450,548 SF)
Zoning code
RM
APN
12-075A- E-001
UPID
US22-4691962
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.94M
Owner & transaction history
Carrington Park Apartments LLC · 8 yrs held
Carrington Park Apartments LLC
since 2018
7 recorded transactions
Zoning & alternative use
RM · Jonesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-M multifamily residential district is established to provide for multifamily dwellings on properties having a minimum area of two acres, The district accommodates residential development at a maximum density of eight units per acre and is intended to serve a rental market in which attached units are available in a setting with common amenities and gree…
Zone name
Multi Family Residential District
General category
RESIDENTIAL
Zone area
68.64 ac
Source
Realmo
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 Jonesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jonesboro 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
$57,379 / 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
$657,149
Tax year 2024
Assessed value
$16,844,800
Assessed 2024
Previous assessed
$16,844,800
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$812,240
Assessed improvement
$16,032,560
Land market value
$2,030,600
Improvement market value
$40,081,400
Total market value
$42,112,000
Applied tax rate
8.0000
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
1998
Heating
YES
Rooms
6
Bathrooms
1
Total area
330 SF
Lot
33.3 ac (1,450,548 SF)
Zoning code
RM
APN
12-075A- E-001
UPID
US22-4691962
Jurisdiction
CLAYTON
Zoning & alternative use
RM · Jonesboro, GAZoning RM · permitted uses
RM · Jonesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-M multifamily residential district is established to provide for multifamily dwellings on properties having a minimum area of two acres, The district accommodates residential development at a maximum density of eight units per acre and is intended to serve a rental market in which attached units are available in a setting with common amenities and greenspace
Zone name
Multi Family Residential District
General category
RESIDENTIAL
Zone area
68.64 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Heating
YES
Rooms
6
Bathrooms
1
Lot
33.3 ac
Current owner
From public records · entity-resolved
Carrington Park Apartments LLC
Entity
Free & Clear · 8 yrs held
Mailing address
822 1ST N, PONTE VEDRA, FL 32082-3260
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2018
$31,984,000
Carrington Park Apartments LLC
Ccrf 2007-mf1 Apartments 100 L
Grant Deed
—
Nov 6, 2012
$19,850,000
2007-mf1 Apartments 100 L Ccrf
Carrington Park Spe-1 LLC
Trustees Deed
—
Oct 18, 2007
$6,314,127
Carington Fark Spe 13 LLC
Carrington Park Tic LLC
Grant Deed
—
Oct 5, 2007
$7,478,765
Carrington Park Spe 14 LLC
Carrington Park Tic LLC
Grant Deed
related
—
Sep 18, 2007
$17,383,560
Carrington Park Spe 1 LLC
Carrington Park Tic LLC
Grant Deed
related
—
Aug 15, 2007
$31,600,000
Carrington Park Tic LLC
Chase Lake LLC
Grant Deed
—
Mar 1, 2005
$269,500
Chase Lake Partnership
Claremont Carrington LLC
Deed
$21,300,000 · Deutsche Bk Berkshire Mtg
—
—
Carrington Park Apartments LLC
—
Deed Of Trust
related
$21,060,000 · Berkeley Point Cap
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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