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Property profile & analytics
OFF-MARKET
Estimated value
$13,025,000
Garden apartment buildings
3072 Washington Rd, East Point, GA 30344-4557
Entity Owned
3-yr Hold
Property ID
US22-1218644
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Construction
WOOD
Total area
5,859 SF
Lot
5.8 ac (252,648 SF)
Zoning code
C1
APN
14 019000051061
UPID
US22-1218644
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.56M
Blend (final)
Blend
$13.03M
Owner & transaction history
Polaris At East Point Holdings LLC · 3 yrs held
Polaris At East Point Holdings LLC
since 2022
Last sale
$12.7M
7 recorded transactions
Zoning & alternative use
C1 · East Point, 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 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
$13,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.03M
Range $11.72M – $14.33M · ±10% · vs last sale $12.70M (Jul 1 2022)
Last sale anchor
$12.70M
Jul 1 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
$2,223 / 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
$124,194
Tax year 2023
Assessed value
$4,400,000
Assessed 2023
Previous assessed
$1,949,880
+125.7% YoY
Effective rate
2.82%
On assessed value
Assessed land
$600,000
Assessed improvement
$3,800,000
Land market value
$1,500,000
Improvement market value
$9,500,000
Total market value
$11,000,000
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
1970
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
12
Stories
1
Units
8
Bathrooms
15
Total area
5,859 SF
Lot
5.8 ac (252,648 SF)
Zoning code
C1
APN
14 019000051061
UPID
US22-1218644
Jurisdiction
FULTON
Zoning & alternative use
C1 · East Point, GA
Zoning 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
East Point. 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
12
Units
8
Bathrooms
15
Lot
5.8 ac
Current owner
From public records · entity-resolved
Polaris At East Point Holdings LLC
Entity
Mailing address
1355 TERRELL ML RD SE STE, MARIETTA, GA 30067-5496
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$12,700,000
Polaris At East Point Holdings LLC
Pwre2 Dobbs Apartments LLC
Limited Warranty Deed
$12,500,000 · Corevest American Finance Lender
Dec 28, 2018
$5,400,000
Pwre2 Dobbs Apartments LLC
3072 Washington LLC
Grant Deed
—
May 27, 2016
$2,850,000
3072 Washington LLC
Ld3 Brookfield LLC
Grant Deed
$2,700,000 · Readycap Com'l
Jan 7, 2015
$2,160,000
Ld3 Brookfield LLC
Vcp Brookfield LLC
Grant Deed
—
Jan 7, 2015
—
Ld3 Brookfield LLC
Vcp Brookfield LLC
Quit Claim Deed
related
$1,850,000 · Spcp Group Vii LLC
May 5, 2014
$1,365,000
Vcp Poplar Pointe LLC
Legacy Asset Holdings LLC
Grant Deed
$1,268,939 · Arbor Realty SR INC
Mar 20, 2012
$385,000
Legacy Asset Holdings LLC
Brookfield Apartments LP
Trustees Deed
related
—
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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