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Property profile & analytics
OFF-MARKET
Estimated value
$75,000
Garden apartment buildings
2997 Park St East Point, GA 30344-4132
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-0747187
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
4,557 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CR
APN
14 015700140428
UPID
US22-0747187
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
$75k
Owner & transaction history
Discovery Enterprises LLC · 3 yrs held
Discovery Enterprises LLC
since 2023
Last sale
$80,000
7 recorded transactions
Zoning & alternative use
CR · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CR District is intended to facilitate and encourage innovative, functional, aesthetically pleasing and creative design and development of the most compatible and desirable mixed-use pattern of retail, commercial service, institutional and residential land uses which are primarily pedestrian and public transit oriented.
Zone name
Commercial Redevelopment
General category
MIXED_USE
Zone area
158.41 ac
Source
Realmo
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 East Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Point 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
Blend value · Realmo final
$75k
Range $68k – $83k · ±10% · vs last sale $80k (Jul 17 2023)
Last sale anchor
$80k
Jul 17 2023
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
$16 / 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
$2,207
Tax year 2023
Assessed value
$78,200
Assessed 2023
Previous assessed
$78,200
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$36,160
Assessed improvement
$42,040
Land market value
$90,400
Improvement market value
$105,100
Total market value
$195,500
Applied tax rate
20.0000
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
1968
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
5
Bathrooms
2
Total area
4,557 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CR
APN
14 015700140428
UPID
US22-0747187
Jurisdiction
FULTON
Zoning & alternative use
CR · East Point, GAZoning CR · permitted uses
CR · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CR District is intended to facilitate and encourage innovative, functional, aesthetically pleasing and creative design and development of the most compatible and desirable mixed-use pattern of retail, commercial service, institutional and residential land uses which are primarily pedestrian and public transit oriented.
Zone name
Commercial Redevelopment
General category
MIXED_USE
Zone area
158.41 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
5
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Discovery Enterprises LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2997 PARK ST, ATLANTA, GA 30344-4132
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
—
Discovery Enterprises LLC
Ocg Restoration LLC
Quit Claim Deed
related
—
Jul 7, 2023
—
Discovery Enterprises LLC
Wars Properties LLC
Quit Claim Deed
related
$408,000 · Tandem Bank
Dec 7, 2021
$375,000
Discovery Enterprises LLC
Wars Properties LLC
Foreclosure
related
—
Sep 17, 2015
—
Wars Properties LLC
—
Trustees Deed
related
$90,000 · Private Individual
Jul 6, 2012
$80,000
Wars Properties LLC
Intown Ventures LLC
Grant Deed
—
Sep 14, 2011
$14,700
Intown Ventures LLC
Marathon Invs Corp
Grant Deed
—
Sep 14, 2011
$14,651
Marathon Invs Corp
Marathon Invs Corp
Trustees Deed
related
—
Dec 20, 2010
—
Reliable Real Properties INC
Shuping,shelton A JR
Quit Claim Deed
related
—
Dec 15, 2010
—
Reliable Real Properties LLC
Reliance Equities LLC
Quit Claim Deed
related
—
Aug 3, 2010
$15,500
Reliance Equities LLC
Reliable Real Properties I
Grant Deed
related
—
Feb 9, 2006
—
Jackson,dwight M
King,mary T
Quit Claim Deed
related
—
Feb 9, 2006
$231,000
Reliable Real Prop INC
Dwight M Jackson
Deed
$197,640 · Main Street Bk
—
—
Wars Properties LLC
—
Deed Of Trust
$65,000 · Intown Ventures LLC
—
—
Wars Properties LLC
—
Deed Of Trust
related
$150,000 · Ability-f Ability Insurance Co
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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