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Property profile & analytics
OFF-MARKET
Garden apartment buildings
2881 Fairington Pkwy Lithonia, GA 30038
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1946086
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Total area
7,106 SF
Lot
20.1 ac (875,556 SF)
Zoning code
RM100
APN
16 055 01 008
UPID
US22-1946086
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fb Treeview LLC · 5 yrs held
Fb Treeview LLC
since 2021
Last sale
$22.5M
7 recorded transactions
Zoning & alternative use
RM100 · Lithonia, 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 Lithonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithonia 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
—
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
$535,184
Tax year 2024
Assessed value
$13,778,600
Assessed 2024
Previous assessed
$13,713,120
+0.5% YoY
Effective rate
3.88%
On assessed value
Assessed land
$494,480
Assessed improvement
$13,284,120
Land market value
$1,236,200
Improvement market value
$33,210,300
Total market value
$34,446,500
Applied tax rate
80.0000
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
1972
Heating
NONE
Cooling
YES
Buildings
29
Stories
2
Units
300
Total area
7,106 SF
Lot
20.1 ac (875,556 SF)
Zoning code
RM100
APN
16 055 01 008
UPID
US22-1946086
Jurisdiction
DE KALB
Zoning & alternative use
RM100 · Lithonia, GA
Zoning RM100 · permitted uses
RM100 · Lithonia, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lithonia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Cooling
Yes
Stories
2
Buildings
29
Units
300
Lot
20.1 ac
Current owner
From public records · entity-resolved
Fb Treeview LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4145 POWELL RDC, POWELL, OH 43065-8066
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2021
$29,750,000
Fb Treeview LLC
37 Treeview Drive Lithonia LLC
Warranty Deed
—
Sep 4, 2018
—
37 Treeview Drive Lithonia LLC
Rainbul-crest LP
Quit Claim Deed
related
—
Sep 4, 2018
$15,700,000
37 Treeview Drive Lithonia LLC
Rainbul Crest LP
Grant Deed
$10,990,000 · Berkadia Com'l Mtg
Aug 7, 2015
—
Rainbul-crest LP
Marquise Crest LLC
Quit Claim Deed
related
$9,000,000 · Ladder Cap Fin
Aug 7, 2015
$11,500,000
Rainbul-crest LP
Marquise Crest LLC
Grant Deed
—
Feb 3, 2012
$4,200
Marquise Crest LLC
Atlanta Mf Owner 3 LLC
Grant Deed
related
$4,160,000 · Mutual Of Omaha Bank
May 26, 2011
$860,000
Crm Central Properties LLC
Dozier Dev Co LLC
Trustees Deed
—
Jul 10, 2008
$10,702,000
Atlanta Mf Owner 3 LLC
Pinewood,limited
Grant Deed
—
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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