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Property profile & analytics
OFF-MARKET
Estimated value
$8,130,000
High-rise multifamily apartments
2740 College Ave Decatur, GA 30030-3991
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1709157
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Total area
285,456 SF
Lot
0.37 ac (16,161 SF)
Zoning code
X
APN
15 248 22 002
UPID
US22-1709157
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
-
Lavish Nails And Lash Nail Salon
-
The Village Vets Avondale Estates Veterinary Clinic
-
The Jade at Avondale Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.13M
Owner & transaction history
Downtown Dev Authority Of Avon · 7 yrs held
Downtown Dev Authority Of Avon
since 2019
7 recorded transactions
Zoning & alternative use
X · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$28 / 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
$387,903
Tax year 2024
Assessed value
$15,507,546
Assessed 2024
Previous assessed
$15,507,546
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$155,076
Assessed improvement
$15,352,470
Land market value
$387,689
Improvement market value
$38,381,176
Total market value
$38,768,865
Applied tax rate
14.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Units
270
Total area
285,456 SF
Lot
0.37 ac (16,161 SF)
Zoning code
X
APN
15 248 22 002
UPID
US22-1709157
Jurisdiction
DE KALB
Zoning & alternative use
X · Decatur, GA
Zoning X · permitted uses
X · 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
2019
Heating
NONE
Stories
1
Units
270
Lot
0.37 ac
Current owner
From public records · entity-resolved
Downtown Dev Authority Of Avon
Entity
Mailing address
3715 NORTHSIDE PKWY NW #200, ATLANTA, GA 30327-2886
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2021
—
Ns Partners Avondale LP
—
Deed
related
$144,200,000 · Finance II
Mar 12, 2019
—
Downtown Dev Authority Of Avon
Crp Of Maple Gateway Owner LLC
Grant Deed
related
—
Jan 9, 2019
$6,905,000
Crp Of Maple Gateway Owner LLC
Gargiulo,joseph C
Grant Deed
—
Dec 29, 2017
—
Joseph C Gargiulo
—
Deed
related
$3,000,000 · Fidelity Bank
Mar 1, 2017
—
Joseph C Cargiulo
—
Deed
related
$2,600,000 · Bank Of North Ga
Jun 22, 2004
$295,000
Joseph C Gargiulo
Mccranie,biruta M
Warranty Deed
—
—
—
Joseph C Cargiulo
—
Loan Modification
related
$2,600,000 · Bank Of North Ga
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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