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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Garden apartment buildings
3151 Harris Dr, East Point, GA 30344-4424
Entity Owned
3-yr Hold
Property ID
US22-4392485
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1966
Construction
WOOD
Total area
6,147 SF
Lot
2.66 ac (116,000 SF)
Zoning code
R1
APN
14 019000050956
UPID
US22-4392485
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
$1.35M
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.37M
Owner & transaction history
Oliver Point Apartments LLC · 3 yrs held
Oliver Point Apartments LLC
since 2022
7 recorded transactions
Zoning & alternative use
R1 · 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
$1,345,000
CAP Approach
CAP Return
Estimation
6%
$1,130,000
6.5%
$1,045,000
7%
$970,000
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±10%
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
$222 / 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
$40,299
Tax year 2023
Assessed value
$1,427,720
Assessed 2023
Previous assessed
$1,176,000
+21.4% YoY
Effective rate
2.82%
On assessed value
Assessed land
$359,640
Assessed improvement
$1,068,080
Land market value
$899,100
Improvement market value
$2,670,200
Total market value
$3,569,300
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
1966
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
7
Stories
1
Units
2
Bathrooms
9
Total area
6,147 SF
Lot
2.66 ac (116,000 SF)
Zoning code
R1
APN
14 019000050956
UPID
US22-4392485
Jurisdiction
FULTON
Zoning & alternative use
R1 · East Point, GA
Zoning R1 · permitted uses
R1 · 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
1966
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Units
2
Bathrooms
9
Lot
2.66 ac
Current owner
From public records · entity-resolved
Oliver Point Apartments LLC
Entity
Mailing address
5825 GLENRIDGE DR STE 3-101, ATLANTA, GA 30328-5399
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2022
$260,000
Oliver Point Apartments LLC
Bolden Point Apartments LLC
Warranty Deed
$5,800,000 · Basis Multifamily Capital
Mar 12, 2021
$3,000,000
Bolden Point Apartments LLC
Ia Mount Vernon LLC
Warranty Deed
$2,750,000 · Lima One Capital
Oct 4, 2011
$638,000
Eden Partners LLC
Aeon Capital Management LLC
Grant Deed
—
Jul 11, 2011
$550,000
Aeon Capital Management LLC
Ib Property Holdings LLC
Grant Deed
related
—
Feb 25, 2011
$1,199,000
Bayview Ln Svcg LLC
Cpmr Group Holdings INC
Trustees Deed
—
Feb 25, 2011
—
Ib Property Holdings LLC
Bayview Ln Svcg LLC
Grant Deed
related
—
Jun 15, 2006
$1,850,000
Cpmr Group Holdings INC
Adato Family Properties II LLC
Grant Deed
$1,762,500 · Madison Rlty Cap
Dec 9, 2004
$2,500,000
Adato Family Properties II LLC
Jp Morgan Chase Coml Mtg Secu
Grant Deed
$2,125,000 · New South Fsb
—
—
Ia Mount Vernon LLC
—
Deed Of Trust
related
$1,386,000 · Arbor Agcy Lndg LLC
—
—
Cpmr Group Holdings INC
—
Deed Of Trust
related
$2,040,000 · Montage Holdings Ltd
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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