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Property profile & analytics
OFF-MARKET
Estimated value
$14,920,000
Garden apartment buildings
3019 Ben Hl Ave East Point, GA 30344
Entity Owned
5-yr Hold
Property ID
US22-0826924
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Construction
WOOD
Total area
6,432 SF
Lot
3.24 ac (141,134 SF)
Zoning code
C1
APN
14 018900010185
UPID
US22-0826924
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
$12.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.89M
Blend (final)
Blend
$14.92M
Owner & transaction history
Cl Lexington LP · 5 yrs held
Cl Lexington LP
since 2021
Last sale
$16.3M
5 recorded transactions
Zoning & alternative use
C1 · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C1 District is intended to provide those convenient shopping goods and services required by the neighboring residences. Land areas zoned C1 are further intended to provide a transition between medium and moderate density dwelling areas and higher density residential areas or nonresidential areas.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
96.84 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
$12,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.92M
Range $13.43M – $16.41M · ±10% · vs last sale $16.25M (Mar 17 2021)
Last sale anchor
$16.25M
Mar 17 2021
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
$2,320 / 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
$16,983
Tax year 2023
Assessed value
$601,680
Assessed 2023
Previous assessed
$601,680
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$180,000
Assessed improvement
$421,680
Land market value
$450,000
Improvement market value
$1,054,200
Total market value
$1,504,200
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
1965
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Units
6
Bathrooms
10
Total area
6,432 SF
Lot
3.24 ac (141,134 SF)
Zoning code
C1
APN
14 018900010185
UPID
US22-0826924
Jurisdiction
FULTON
Zoning & alternative use
C1 · East Point, GAZoning C1 · permitted uses
C1 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C1 District is intended to provide those convenient shopping goods and services required by the neighboring residences. Land areas zoned C1 are further intended to provide a transition between medium and moderate density dwelling areas and higher density residential areas or nonresidential areas.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
96.84 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Units
6
Bathrooms
10
Lot
3.24 ac
Current owner
From public records · entity-resolved
Cl Lexington LP
Entity
Mailing address
1 EXECUTIVE BLVD STE #206, SUFFERN, NY 10901-4157
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2021
$16,250,000
Cl Lexington LP
Lex Apts LLC
Limited Warranty Deed
—
Mar 17, 2021
—
Cl Lexington LP
Lex Apts LLC
Quit Claim Deed
related
—
Sep 18, 2017
$10,339,000
Lex Apts LLC
Jamco Lexington LLC
Grant Deed
related
—
—
—
Jamco Lexington LLC
—
Deed Of Trust
related
$24,500,000 · Georgias Own Credit Union
—
—
Jamco Lexington LLC
—
Deed Of Trust
related
$4,762,500 · Delta Community Cu
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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