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Property profile & analytics
OFF-MARKET
Estimated value
$10,190,000
Garden apartment buildings
3265 Covington Dr Decatur, GA 30032
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US22-4577983
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Total area
7,744 SF
Lot
7.26 ac (316,246 SF)
Zoning code
RM85
APN
15 218 02 009
UPID
US22-4577983
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
$7.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.60M
Blend (final)
Blend
$10.19M
Owner & transaction history
900 Title Jefferson LLC
900 Title Jefferson LLC
since 2026
Last sale
$11.4M
7 recorded transactions
Zoning & alternative use
RM85 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$7.3M
+22.6%
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$11,765,000
ML approach
$7,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,265,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$10.19M
Range $9.17M – $11.21M · ±10% · vs last sale $11.43M (Feb 28 2023)
Last sale anchor
$11.43M
Feb 28 2023
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
$1,316 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$276,760
Tax year 2024
Assessed value
$6,211,040
Assessed 2024
Previous assessed
$3,424,800
+81.4% YoY
Effective rate
4.46%
On assessed value
Assessed land
$864,360
Assessed improvement
$5,346,680
Land market value
$2,160,899
Improvement market value
$13,366,701
Total market value
$15,527,600
Applied tax rate
4.0000
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
1985
Heating
NONE
Cooling
YES
Buildings
13
Stories
2
Units
100
Total area
7,744 SF
Lot
7.26 ac (316,246 SF)
Zoning code
RM85
APN
15 218 02 009
UPID
US22-4577983
Jurisdiction
DE KALB
Zoning & alternative use
RM85 · Decatur, GA
Zoning RM85 · permitted uses
RM85 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$7.3M
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Cooling
Yes
Stories
2
Buildings
13
Units
100
Lot
7.26 ac
Current owner
From public records · entity-resolved
900 Title Jefferson LLC
Entity
Mailing address
13567 NC HWY 50TH BLVD #2601, SURF CITY, NC 28445-6571
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2026
—
900 Title Jefferson LLC
Mae Fannie
Deed
—
Feb 28, 2023
$11,427,748
Park Estates Fo LLC
Sureste Park Estate LLC
Warranty Deed
$10,377,000 · Greystone Servicing
Aug 26, 2019
—
1150 Maple Walk Decatur Invs L
Westmoore Lndg Ptrs III LLC
Quit Claim Deed
related
—
Aug 26, 2019
$7,000,000
Sureste Park Estates LLC
1150 Maple Walk Decatur Invs L
Trustees Deed
$7,064,987 · Lima One Cap
Jul 2, 2018
—
1150 Maple Walk Decatur Invesm
—
Deed
related
$8,150,000 · Westmoore Lndg Ptrs III LLC
Jan 26, 2018
—
1150 Maple Walk Decatur Invs L
—
Grant Deed
related
$6,300,000 · Westmoore Lndg Ptrs III LLC
Nov 2, 2017
—
1150 Maple Walk Decatur Invs L
—
Deed
related
$4,550,000 · Lima One Cap
Sep 5, 2017
$3,227,000
1150 Maple Walk Decatur Invs L
Maple Walk Investments LLC
Grant Deed
related
$3,350,000 · Westmoore Lndg Ptrs III LLC
Jun 22, 2017
—
Maple Walk Investments LLC
—
Trustees Deed
related
$2,134,000 · Gavane Group LLC
Jul 12, 2013
$3,100,000
Maple Walk Investments LLC
Blue Valley Apartments INC
Grant Deed
—
Jun 8, 2012
—
Blue Valley Apartments INC
Federal Natl Mtg Assn Fnma
Grant Deed
related
—
Jun 8, 2012
$3,440,000
Federal Natl Mtg Assn Fnma
Audubon Atlanta One LLC
Trustees Deed
related
—
Jul 10, 2008
$5,115,000
Audubon Atlanta One LLC
Maple Walk LLC
Grant Deed
—
—
—
1150 Maple Walk Decatur Invs L
—
Deed Of Trust
related
$4,550,000 · Lima One Cap
—
—
1150 Maple Walk Decatur Invesm
—
Deed Of Trust
related
$8,150,000 · Westmoore Lndg Ptrs III LLC
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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