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Property profile & analytics
OFF-MARKET
Parking lots & garages
2680 Sylvan Rd East Point, GA 30344-6750
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-0564014
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2022
Construction
WOOD
Total area
4,295 SF
Lot
0.5 ac (21,693 SF)
Zoning code
R3
APN
14 010100030485
UPID
US22-0564014
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jay Phillips Land No 2 LLC · 2 yrs held
Jay Phillips Land No 2 LLC
since 2023
7 recorded transactions
Zoning & alternative use
R3 · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R3 District is intended to provide land areas devoted to medium to high density residential uses. The district also provides for closely related uses.
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
274.49 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 East Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Point 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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,746
Tax year 2023
Assessed value
$168,160
Assessed 2023
Previous assessed
$43,640
+285.3% YoY
Effective rate
2.82%
On assessed value
Assessed land
$41,080
Assessed improvement
$127,080
Land market value
$102,700
Improvement market value
$317,700
Total market value
$420,400
Applied tax rate
20.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
2022
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
10
Total area
4,295 SF
Lot
0.5 ac (21,693 SF)
Zoning code
R3
APN
14 010100030485
UPID
US22-0564014
Jurisdiction
FULTON
Zoning & alternative use
R3 · East Point, GAZoning R3 · permitted uses
R3 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R3 District is intended to provide land areas devoted to medium to high density residential uses. The district also provides for closely related uses.
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
274.49 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2022
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
10
Lot
0.5 ac
Current owner
From public records · entity-resolved
Jay Phillips Land No 2 LLC
Entity
Mailing address
2680 SYLVAN RD, ATLANTA, GA 30344-6750
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Aug 29, 2023
—
Jay Phillips Land No 2 LLC
Jay Phillips Land LLC
Warranty Deed
$1,260,000 · Southstate Bank
Jun 28, 2022
—
Jay Phillips Land LLC
—
Deed
related
$2,100,000 · Southstate Bank
Mar 8, 2022
—
Kidanu Abebe
Jay Phillips Land LLC
Quit Claim Deed
—
Mar 8, 2022
$400,000
Jay Phillips Land LLC
Rgb Venture Capital LLC
Warranty Deed
—
Jul 12, 2016
$33,000
Rgb Venture Capital LLC
Hamilton St Bk
Grant Deed
related
—
Nov 4, 2015
$33,000
Rgb Ventura Capital LLC
Hamilton St Bk
Grant Deed
related
—
Oct 6, 2015
—
Hamilton St Bk
Mcintosh St Bk
Grant Deed
related
—
Nov 27, 2007
—
Dekalb Car Wash INC
—
Trustees Deed
related
$200,000 · Mcintosh St Bk
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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