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Property profile & analytics
OFF-MARKET
Estimated value
$3,965,000
Garden apartment buildings
294 Brownlee SW Rd Atlanta, GA 30311-1802
Entity Owned
9-yr Hold
Absentee Owner
Property ID
US22-0709925
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Construction
WOOD
Total area
7,796 SF
Lot
2.15 ac (93,698 SF)
Zoning code
R4
APN
14 0244 LL0396
UPID
US22-0709925
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
-
Perimeter 294 Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.97M
Owner & transaction history
Shenandoah Properties LLC · 9 yrs held
Shenandoah Properties LLC
since 2017
Last sale
$3.0M
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
$5,435,000
ML approach
$4,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.97M
Range $3.57M – $4.36M · ±10% · vs last sale $2.95M (Dec 18 2020)
Last sale anchor
$2.95M
Dec 18 2020
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
$509 / 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
$38,088
Tax year 2023
Assessed value
$920,000
Assessed 2023
Previous assessed
$1,086,160
-15.3% YoY
Effective rate
4.14%
On assessed value
Assessed land
$170,000
Assessed improvement
$750,000
Land market value
$425,000
Improvement market value
$1,875,000
Total market value
$2,300,000
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
1970
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
8
Bathrooms
5
Total area
7,796 SF
Lot
2.15 ac (93,698 SF)
Zoning code
R4
APN
14 0244 LL0396
UPID
US22-0709925
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
1970
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
8
Bathrooms
5
Lot
2.15 ac
Current owner
From public records · entity-resolved
Shenandoah Properties LLC
Entity
Mailing address
425 E CROSSVILLE RD STE #215, ROSWELL, GA 30075-3059
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2021
—
Brownlee Property Holdings LLC
—
Deed
related
$2,245,000 · Walker And Dunlop
Jan 3, 2018
—
Shenandoah Properties LLC
—
Deed
related
$800,000 · Noa Bk
Sep 20, 2017
—
Shenandoah Properties LLC
—
Deed
related
$615,000 · Noa Bank
May 12, 2017
$1,100,000
Shenandoah Properties LLC
Sky Properties Ga LLC
Grant Deed
$150,000 · Sky Properties Ga LLC
Feb 26, 2015
$405,000
Sky Properties Ga LLC
Rooftop Properties INC
Grant Deed
—
Nov 7, 2014
$425,000
Rooftop Properties INC
Federal Natl Mtg Assn Fnma
Grant Deed
—
Jan 16, 2007
$900,000
Brownlee Estates LLC
Hgp Capital LLC
Grant Deed
$650,000 · Wachovia Bk/ga
Dec 13, 2006
—
Carter Trust
Carter,zettie A
Quit Claim Deed
related
—
Dec 13, 2006
$700,000
Hgp Capital LLC
Carter Trust
Grant Deed
—
—
—
John E Carter
—
Deed Of Trust
related
$324,000 · Fieldstone Mortgage Co
—
—
Shenandoah Properties LLC
—
Loan Modification
related
$800,000 · Noa Bk
—
—
Brownlee Apartments LLC
—
Deed Of Trust
related
$825,000 · Arbor Commercial Funding LLC
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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