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Property profile & analytics
OFF-MARKET
Estimated value
$385,000
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
$385k
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
Zoning description
The R1 District encompasses lands devoted to low density residential areas and closely related uses or as a use allowed by Administrative Permit or Use Permit and intended to promote single family detached dwelling.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
1,379.06 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
$1,345,000
CAP Approach
CAP Return
Estimation
6%
$1,130,000
6.5%
$1,045,000
7%
$970,000
Blend value · Realmo final
$385k
Range $347k – $424k · ±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
$63 / 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, GAZoning 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
Zoning description
The R1 District encompasses lands devoted to low density residential areas and closely related uses or as a use allowed by Administrative Permit or Use Permit and intended to promote single family detached dwelling.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
1,379.06 ac
Source
Realmo
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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