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Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Motels
2788 Forrest Hls SW Dr Atlanta, GA 30315-9023
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-0980872
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1972
Construction
WOOD
Total area
35,080 SF
Lot
2.57 ac (111,949 SF)
Zoning code
C1
APN
14 0068 LL1165
UPID
US22-0980872
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
$2.46M
CAP Approach
CAP
$3.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.44M
Owner & transaction history
Prisha Hotels LLC · 4 yrs held
Prisha Hotels LLC
since 2022
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
C1 · Atlanta, 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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$2,495,000
ML approach
$2,460,000
CAP Approach
CAP Return
Estimation
6%
$3,520,000
6.5%
$3,250,000
7%
$3,015,000
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±10% · vs last sale $2.40M (Feb 8 2022)
Last sale anchor
$2.40M
Feb 8 2022
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
$70 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$98,832
Tax year 2023
Assessed value
$2,387,240
Assessed 2023
Previous assessed
$1,455,520
+64.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$428,080
Assessed improvement
$1,959,160
Land market value
$1,070,200
Improvement market value
$4,897,900
Total market value
$5,968,100
Applied tax rate
5.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
120
Total area
35,080 SF
Lot
2.57 ac (111,949 SF)
Zoning code
C1
APN
14 0068 LL1165
UPID
US22-0980872
Jurisdiction
FULTON
Zoning & alternative use
C1 · Atlanta, GA
Zoning C1 · permitted uses
C1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
120
Lot
2.57 ac
Current owner
From public records · entity-resolved
Prisha Hotels LLC
Entity
Mailing address
2788 FORREST HLS DR SW, ATLANTA, GA 30315-9023
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Feb 8, 2022
$2,400,000
Prisha Hotels LLC
Dhruv Hospitality LLC
Warranty Deed
$1,940,000 · First Ic Bank
May 31, 2007
$3,000,000
Dhruv Hospitality LLC
S & M Hospitality LLC
Deed
$2,250,000 · West Ga Nat'l Bk
May 29, 2007
$3,000,000
Dhruv Hospitallity LLC
S M Hospitality LLC
Grant Deed
—
Jan 3, 2006
$2,150,000
S & M Hospitality LLC
Cleveland Avenue Motel INC
Grant Deed
$1,550,000 · Neighbors Bk
—
—
Cleveland Avenue Motel INC
—
Deed Of Trust
related
$1,000,000 · National Republic Bk/chicago
—
—
Dhruv Hospitality LLC
—
Deed Of Trust
related
$2,021,000 · Bank Of Hope
—
—
Cleveland Avenue Motle INC
—
Deed Of Trust
related
$1,000,000 · National Republic Bk/chicago
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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