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Property profile & analytics
OFF-MARKET
Estimated value
$16,200,000
Garden apartment buildings
2800 Cp Crk Pkwy College Park, GA 30337-3110
Entity Owned
5-yr Hold
Property ID
US22-0632488
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
97,760 SF
Lot
14.07 ac (612,889 SF)
Zoning code
C1
APN
14 0224 LL0523
UPID
US22-0632488
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
$12.85M
CAP Approach
CAP
$16.59M
Comparable Approach
Comparable
$20.56M
Blend (final)
Blend
$16.20M
Owner & transaction history
Polaris At Camp Creek Holdings LLC · 5 yrs held
Polaris At Camp Creek Holdings LLC
since 2021
Last sale
$15.5M
4 recorded transactions
Zoning & alternative use
C1 · College Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C1 district is intended to provide a land use category for small scale commercial uses that provide products and services to neighborhoods, The provisions that regulate this land use district should promote appropriate commercial uses that are clearly non conflicting with residential areas of the City of College Park
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
44.76 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$26.6M
+41.0%
Medical building
$26.6M
+40.8%
Auto repair, garage
$24.8M
+31.5%
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 College Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Park 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
$12,850,000
CAP Approach
CAP Return
Estimation
6%
$17,970,000
6.5%
$16,590,000
7%
$15,405,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$18,875,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$26,605,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$26,580,000
Change: +41% · Conversion: Moderate
AUTO REPAIR, GARAGE
$24,825,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$22,890,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$21,925,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$16.20M
Range $14.58M – $17.82M · ±10% · vs last sale $15.50M (Jun 4 2021)
Last sale anchor
$15.50M
Jun 4 2021
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
$166 / 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
$180,646
Tax year 2023
Assessed value
$6,400,000
Assessed 2023
Previous assessed
$6,020,400
+6.3% YoY
Effective rate
2.82%
On assessed value
Assessed land
$875,000
Assessed improvement
$5,525,000
Land market value
$2,187,500
Improvement market value
$13,812,500
Total market value
$16,000,000
Applied tax rate
15.0000
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
1968
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
6
Stories
1
Units
9
Bathrooms
9
Total area
97,760 SF
Lot
14.07 ac (612,889 SF)
Zoning code
C1
APN
14 0224 LL0523
UPID
US22-0632488
Jurisdiction
FULTON
Zoning & alternative use
C1 · College Park, GAZoning C1 · permitted uses
C1 · College Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C1 district is intended to provide a land use category for small scale commercial uses that provide products and services to neighborhoods, The provisions that regulate this land use district should promote appropriate commercial uses that are clearly non conflicting with residential areas of the City of College Park
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
44.76 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$18.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.6M
MEDICAL BUILDING
Est. value
$26.6M
AUTO REPAIR, GARAGE
Est. value
$24.8M
OFFICE BUILDING
Est. value
$22.9M
RETAIL STORES
Est. value
$21.9M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1968
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Units
9
Bathrooms
9
Lot
14.07 ac
Current owner
From public records · entity-resolved
Polaris At Camp Creek Holdings LLC
Entity
Mailing address
1355 TERRELL ML RD SE STE, MARIETTA, GA 30067-5496
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2021
$15,500,000
Polaris At Camp Creek Holdings LLC
2800 Camp Creek Parkway College Par
Limited Warranty Deed
$14,978,000 · Readycap Commercial
Nov 22, 2017
$7,000,000
2800 Camp Creek Parkway Clg Pa
Colony Camp Creek LLC
Grant Deed
$5,013,000 · Berkeley Point Cap
Dec 3, 2010
$1,925,000
Colony Camp Creek LLC
2800 Camp Creek Drive Holdings
Grant Deed
$1,925,000 · Heritage Bank
—
—
Colony Camp Creek LLC
—
Deed Of Trust
related
$2,267,515 · Peoples Community Nat'l Bank
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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