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Property profile & analytics
OFF-MARKET
Estimated value
$12,815,000
Garden apartment buildings
3200 Lakemont Dr East Point, GA 30344
Entity Owned
5-yr Hold
Free & Clear
Property ID
US22-0459040
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1976
Construction
WOOD
Total area
143,360 SF
Lot
19.94 ac (868,586 SF)
Zoning code
R3
APN
13 0002 LL0788
UPID
US22-0459040
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
$12.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.14M
Blend (final)
Blend
$12.82M
Owner & transaction history
Life At Lakeview Mbc LLC · 5 yrs held
Life At Lakeview Mbc LLC
since 2020
Last sale
$12.7M
7 recorded transactions
Zoning & alternative use
R3 · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R3 District is intended to provide land areas devoted to medium to high density residential uses. The district also provides for closely related uses.
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
274.49 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
$12,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.82M
Range $11.53M – $14.10M · ±10% · vs last sale $12.70M (Nov 2 2020)
Last sale anchor
$12.70M
Nov 2 2020
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
$89 / 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
$77,065
Tax year 2023
Assessed value
$2,730,280
Assessed 2023
Previous assessed
$2,730,280
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$1,956,000
Assessed improvement
$774,280
Land market value
$4,890,000
Improvement market value
$1,935,700
Total market value
$6,825,700
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
1976
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Units
7
Bathrooms
5
Total area
143,360 SF
Lot
19.94 ac (868,586 SF)
Zoning code
R3
APN
13 0002 LL0788
UPID
US22-0459040
Jurisdiction
FULTON
Zoning & alternative use
R3 · East Point, GAZoning R3 · permitted uses
R3 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R3 District is intended to provide land areas devoted to medium to high density residential uses. The district also provides for closely related uses.
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
274.49 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1976
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
7
Bathrooms
5
Lot
19.94 ac
Current owner
From public records · entity-resolved
Life At Lakeview Mbc LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4706 18TH AVE, BROOKLYN, NY 11204-1356
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2021
—
Life At Lakeview Dau Tic LLC
—
Deed
related
$15,900,000 · Greystone Svcng Corp
Nov 2, 2020
—
Life At Lakeview Mbc LLC
3200 Lakeview Place Clg Pk LLC
Quit Claim Deed
related
—
Nov 2, 2020
$20,700,000
Life At Lakeview Mbc LLC
Lakeview Place Clg Pk LLC
Grant Deed
related
—
Jul 3, 2018
—
3200 Lakeview Place Clg Pk LLC
Legends At Laura Creek LLC
Quit Claim Deed
related
—
Jul 3, 2018
$12,700,000
3200 Lakeview Place Clg Pk LLC
Legends At Laura Creek LLC
Grant Deed
—
Jun 8, 2007
$2,300,000
The Legends At Laura Creek LLC
Cas Funding LLC
Grant Deed
—
Apr 4, 2007
$2,300,000
Cas Funding LLC
Cas Funding LLC
Grant Deed
related
—
—
—
Lourdes M Jimenez
—
Deed Of Trust
related
$118,066 · Taylor Bean & Whitaker Mtg
—
—
Life At Lakeview Dau Tic LLC
—
Deed Of Trust
related
$15,900,000 · Greystone Svcng Corp
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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