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Property profile & analytics
OFF-MARKET
Estimated value
$11,460,000
Garden apartment buildings
2929 Landrum SW Dr Atlanta, GA 30311-4374
Entity Owned
3-yr Hold
Property ID
US22-3569511
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
12,448 SF
Lot
10.96 ac (477,418 SF)
Zoning code
R1
APN
14 0217 LL1520
UPID
US22-3569511
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
-
Zmms Wood Apartment Building
-
Chef T. Lanae Private Chef & Catering Restaurant
-
Canopy West Apartments Apartment Building
-
Chastain Woods Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.20M
Blend (final)
Blend
$11.46M
Owner & transaction history
Atlanta 2929 Cre 064 LLC · 3 yrs held
Atlanta 2929 Cre 064 LLC
since 2022
Last sale
$9.8M
3 recorded transactions
Zoning & alternative use
R1 · 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
$14,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.46M
Range $10.31M – $12.61M · ±10% · vs last sale $9.81M (Dec 22 2022)
Last sale anchor
$9.81M
Dec 22 2022
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
$921 / 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
$140,760
Tax year 2023
Assessed value
$3,400,000
Assessed 2023
Previous assessed
$1,750,000
+94.3% YoY
Effective rate
4.14%
On assessed value
Assessed land
$377,200
Assessed improvement
$3,022,800
Land market value
$943,000
Improvement market value
$7,557,000
Total market value
$8,500,000
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
1972
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
8
Stories
1
Units
16
Rooms
6
Bathrooms
3
Total area
12,448 SF
Lot
10.96 ac (477,418 SF)
Zoning code
R1
APN
14 0217 LL1520
UPID
US22-3569511
Jurisdiction
FULTON
Zoning & alternative use
R1 · Atlanta, GA
Zoning R1 · permitted uses
R1 · 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
1972
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
8
Units
16
Rooms
6
Bathrooms
3
Lot
10.96 ac
Current owner
From public records · entity-resolved
Atlanta 2929 Cre 064 LLC
Entity
Mailing address
13190 SW 68TH PKWY STE #110, PORTLAND, OR 97223-8368
Ownership since
2022
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
Dec 22, 2022
$9,810,000
Atlanta 2929 Cre 064 LLC
2929 Landrum Dr Pcpre LLC
Warranty Deed
$4,218,300 · Gaea Real Estate Operating Partners
Sep 26, 2019
$5,174,000
2929 Landrum Dr Pcpre LLC
Hanley Harris LLC
Grant Deed
$4,730,000 · Bancorp Bk
Apr 14, 2006
$117,700
Zanders,norma L
Centex Homes
Warranty Deed
$75,100 · American Mtg Express Fin'l
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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