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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Garden apartment buildings
2828 Piedmont NE Rd Atlanta, GA 30305-2748
Trust Owned
12-yr Hold
Property ID
US22-0492115
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1942
Construction
WOOD
Total area
8,424 SF
Lot
0.25 ac (11,021 SF)
Zoning code
R4
APN
17 006000071200
UPID
US22-0492115
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
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$643k
Blend (final)
Blend
$895k
Owner & transaction history
Meeker,rusley C Living Trust · 12 yrs held
Meeker,rusley C Living Trust
since 2014
7 recorded transactions
Zoning & alternative use
R4 · 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
by Request
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$895k
Range $806k – $985k · ±10%
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
$106 / 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
$14,078
Tax year 2023
Assessed value
$340,040
Assessed 2023
Previous assessed
$340,040
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$128,000
Assessed improvement
$212,040
Land market value
$320,000
Improvement market value
$530,100
Total market value
$850,100
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1942
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
9
Bathrooms
1
Total area
8,424 SF
Lot
0.25 ac (11,021 SF)
Zoning code
R4
APN
17 006000071200
UPID
US22-0492115
Jurisdiction
FULTON
Zoning & alternative use
R4 · Atlanta, GA
Zoning R4 · permitted uses
R4 · 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
1942
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
9
Bathrooms
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Meeker,rusley C Living Trust
Trust
Mailing address
466 WALDO ST SE #1, ATLANTA, GA 30312-3422
Ownership since
2014
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
Jun 3, 2014
$900,000
Meeker,rusley C Living Trust
2828 Piedmont Partners LLC
Grant Deed
$450,000 · Branch Banking & Trust Co
Dec 15, 2009
—
R Stuart Roberts LLC
Roberts,ronald Stuart
Quit Claim Deed
related
—
Oct 6, 2009
—
Ronald Stuart Roberts
Hooks,leroy JR
Grant Deed
related
—
Aug 10, 2005
$1,100,000
Hooks,leroy JR & Loretta W
Roberts,r S & Teresa P
Warranty Deed
$700,000 · R S & Teresa P Roberts
—
—
Leroy Hooks
—
Deed Of Trust
related
—
—
—
Leroy Hooks
—
Deed Of Trust
related
$248,500 · Silver Hill Financial LLC
—
—
Hooks,leroy JR & Loretta W
—
Deed Of Trust
related
$700,000 · R Stuart & Teresa P Roberts
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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