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Property profile & analytics
OFF-MARKET
Estimated value
$92,465,000
Garden apartment buildings
2850 Delk SE Rd, Marietta, GA 30067-5352
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1783256
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1983
Total area
643,086 SF
Lot
40.63 ac (1,769,930 SF)
Zoning code
RM-12
APN
17087000010
UPID
US22-1783256
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
-
apoiosHosting.com Data Center IT Consulting Firm
-
Atlanta Postpartum Physician
-
The garde Apartment Building
-
Balu Films Film Production Television Studio
-
4J Photos Films Real Estate Photography and Videography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$85.90M
Blend (final)
Blend
$92.47M
Owner & transaction history
Delk Road Ga Partners LLC · 1 yrs held
Delk Road Ga Partners LLC
since 2024
Last sale
$95.8M
3 recorded transactions
Zoning & alternative use
RM-12 · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$141.6M
+43.8%
Retail stores
$141.5M
+43.6%
Commercial (general)
$125.5M
+27.4%
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 Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$98,490,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$141,575,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$141,455,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$125,475,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$111,715,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$92.47M
Range $83.22M – $101.71M · ±10% · vs last sale $95.75M (Aug 26 2024)
Last sale anchor
$95.75M
Aug 26 2024
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
$144 / 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
$1,059,571
Tax year 2024
Assessed value
$35,143,320
Assessed 2024
Previous assessed
$20,375,564
+72.5% YoY
Effective rate
3.01%
On assessed value
Assessed land
$7,823,092
Assessed improvement
$27,320,228
Land market value
$19,557,730
Improvement market value
$68,300,570
Total market value
$87,858,300
Applied tax rate
9.0000
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
1983
Heating
NONE
Buildings
10
Units
484
Total area
643,086 SF
Lot
40.63 ac (1,769,930 SF)
Zoning code
RM-12
APN
17087000010
UPID
US22-1783256
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Marietta, GA
Zoning RM-12 · permitted uses
RM-12 · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$98.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$141.6M
RETAIL STORES
Est. value
$141.5M
COMMERCIAL (GENERAL)
Est. value
$125.5M
AUTO REPAIR, GARAGE
Est. value
$111.7M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1983
Heating
NONE
Buildings
10
Units
484
Lot
40.63 ac
Current owner
From public records · entity-resolved
Delk Road Ga Partners LLC
Entity
Mailing address
920 GDN ST STE A, SANTA BARBARA, CA 93101-7465
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
$95,750,000
Delk Road Ga Partners LLC
Nals View 107 LP
Deed
$70,000,000 · East Cobb Mortgage Lender LLC
Aug 22, 2005
$36,000,000
N/a Gardens-75
Park Knoll Owners LLC
Deed
$22,000,000 · Deutsche Bk Berkshire Mtg INC
—
—
N Foxwood-54
—
Deed Of Trust
related
$24,350,000 · Walker & Dunlop
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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