2900 Cp Crk Pkwy College Park, GA 30337-3000
Property profile & analytics
2900 Cp Crk Pkwy College Park, GA 30337-3000
- Garden apartment buildings
- 25,760 SF
- 23.06 lot acres
Property ID
US22-0512202
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Garden apartment buildings
Property Details for 2900 Cp Crk Pkwy
- Year built
- 1970
- Construction
- WOOD
- Lot size
- 23.06 lot acres
- Property size
- 25,760 SF
- Zone code
- C1
- Property type
- Garden apartment buildings
- APN
- 14 0224 LL0481
- APU
- 140224LL0481
Description
This exceptional 280-unit apartment building, situated on a 23.06-acre lot in Atlanta, Georgia, presents a compelling investment opportunity. Built in 1970, the property boasts 257,880 square feet and features a desirable mix of spacious one- and two-bedroom units. The property includes 340 parking spaces and is zoned C1. Significant upside potential exists, with the ability to bring 37 currently offline units back into service, generating an estimated $500,000 in additional gross potential rent. Furthermore, the zoning allows for the development of an additional 153 units on the existing site, leveraging existing utility connections. The property benefits from its location within a designated opportunity zone and its proximity to Camp Creek Marketplace, a major retail and dining destination just five minutes away. A substantial investment was made in 2015 through a $10,000,000 grant for noise insulation, resulting in the complete replacement of all roofs, gutters, windows, and exterior doors. This prime location in "ATL Airport City," a planned 311-acre mixed-use development adjacent to the world's busiest airport, offers unparalleled long-term growth prospects. The property has been privately owned and operated for the past 12 years, demonstrating a proven track record of success. This presents a rare chance to acquire a well-established asset with substantial upside potential in a rapidly developing area.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,770,000
- 6.5%
- $5,325,000
- 7%
- $4,945,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $5,418,000
Market price range: $2.70M - $5.42M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $4,975,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $8,465,000 Change: +70% Conversion: Difficult
- MEDICAL BUILDING
- $8,000,000 Change: +61% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $7,505,000 Change: +51% Conversion: Difficult
- OFFICE BUILDING
- $6,795,000 Change: +37% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $6,285,000 Change: +26% Conversion: Moderate
- RETAIL STORES
- $5,905,000 Change: +19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- College Park
- County
- Fulton
- State
- Georgia
- Longitude
- -84.4844
- Latitude
- 33.6504
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$99,185
$1,560,000
$1,953,960
$3,513,960
-
$3,900,000
$4,884,900
$8,784,900
