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Property profile & analytics
OFF-MARKET
Estimated value
$12,180,000
Garden apartment buildings
3251 Commerce Dr, East Point, GA 30344-6435
Entity Owned
3-yr Hold
Property ID
US22-0508185
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Construction
WOOD
Total area
35,912 SF
Lot
8.88 ac (386,987 SF)
Zoning code
R3
APN
13 0031 LL1054
UPID
US22-0508185
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
$12.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.02M
Blend (final)
Blend
$12.18M
Owner & transaction history
S6k LLC And S7k LLC · 3 yrs held
S6k LLC And S7k LLC
since 2022
Last sale
$13.0M
7 recorded transactions
Zoning & alternative use
R3 · 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
$12,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.18M
Range $10.96M – $13.40M · ±10% · vs last sale $12.96M (Nov 14 2022)
Last sale anchor
$12.96M
Nov 14 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
$339 / 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
$115,727
Tax year 2023
Assessed value
$4,100,000
Assessed 2023
Previous assessed
$1,302,280
+214.8% YoY
Effective rate
2.82%
On assessed value
Assessed land
$1,199,360
Assessed improvement
$2,900,640
Land market value
$2,998,400
Improvement market value
$7,251,600
Total market value
$10,250,000
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
1974
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
6
Stories
1
Units
8
Bathrooms
10
Total area
35,912 SF
Lot
8.88 ac (386,987 SF)
Zoning code
R3
APN
13 0031 LL1054
UPID
US22-0508185
Jurisdiction
FULTON
Zoning & alternative use
R3 · East Point, GA
Zoning 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
East Point. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Units
8
Bathrooms
10
Lot
8.88 ac
Current owner
From public records · entity-resolved
S6k LLC And S7k LLC
Entity
Mailing address
6494 WEATHERS PL STE #200, SAN DIEGO, CA 92121-2938
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
Nov 14, 2022
$12,960,000
S6k LLC And S7k LLC
Sureste Prosper Point LLC
Warranty Deed
$8,150,000 · Arbor Commercial Funding I
Aug 6, 2021
$11,050,000
Sureste Prosper Point LLC
Prosper Point Ga LLC
Limited Warranty Deed
$9,500,000 · Arbor Realty Senior
Feb 11, 2019
$4,200,000
Prosper Point Ga LLC
33h 3251 LLC
Grant Deed
$4,560,000 · Arbor Realty SR
Jun 8, 2017
$3,000,000
33h 3251 LLC
Wyncove 3251 Apartments LLC
Grant Deed
$3,000,000 · Andp Loan Fund
Jun 5, 2017
—
33h 3251 LLC
Wyncove 3251 Apartments LLC
Quit Claim Deed
related
$500,000 · Wyncove 3251 Apartments LLC
Jun 2, 2015
$2,222,000
Wyncove 3251 Apartments LLC
Wyncove Partners LLC
Grant Deed
related
$1,600,000 · Heritage Bk NA-09
May 9, 2012
$432,000
Wyncove Partners LLC
Tritex R/e Advisors INC
Grant Deed
—
Aug 3, 2010
—
Real Estate Advisors In Tritex
Fannie,mae
Grant Deed
related
—
—
—
Wyncove Partners LLC
—
Deed Of Trust
related
$800,000 · Heritage Bank
—
—
Wyncove Partners LLC
—
Deed Of Trust
related
$1,199,900 · Heritage Bank
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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