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Property profile & analytics
OFF-MARKET
Estimated value
$10,545,000
Garden apartment buildings
3301 Columbia Dr Decatur, GA 30034
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0575353
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Total area
16,324 SF
Lot
12.41 ac (540,580 SF)
Zoning code
RM100
APN
15 090 03 002
UPID
US22-0575353
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
$12.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.83M
Blend (final)
Blend
$10.55M
Owner & transaction history
Woods At Peppertree Bh LLC · 6 yrs held
Woods At Peppertree Bh LLC
since 2020
Last sale
$14.1M
7 recorded transactions
Zoning & alternative use
RM100 · Decatur, 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 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
by Request
ML approach
$12,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$16,320,000
Current use
INDUSTRIAL (GENERAL)
$15,315,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$10.55M
Range $9.49M – $11.60M · ±10% · vs last sale $14.05M (Jun 23 2020)
Last sale anchor
$14.05M
Jun 23 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
$646 / 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
$228,505
Tax year 2024
Assessed value
$5,010,000
Assessed 2024
Previous assessed
$5,010,000
+0.0% YoY
Effective rate
4.56%
On assessed value
Assessed land
$551,100
Assessed improvement
$4,458,900
Land market value
$1,377,750
Improvement market value
$11,147,250
Total market value
$12,525,000
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
1972
Heating
NONE
Cooling
YES
Buildings
11
Stories
2
Units
167
Total area
16,324 SF
Lot
12.41 ac (540,580 SF)
Zoning code
RM100
APN
15 090 03 002
UPID
US22-0575353
Jurisdiction
DE KALB
Zoning & alternative use
RM100 · Decatur, GA
Zoning RM100 · permitted uses
RM100 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$16.3M
INDUSTRIAL (GENERAL)
Est. value
$15.3M
APARTMENT HOUSE (5+ UNITS) Current
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
1972
Heating
NONE
Cooling
Yes
Stories
2
Buildings
11
Units
167
Lot
12.41 ac
Current owner
From public records · entity-resolved
Woods At Peppertree Bh LLC
Entity
Free & Clear · 6 yrs held
Mailing address
500 W KENNEDY BLVD STE 1A, LAKEWOOD, NJ 08701-1254
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2020
$14,050,000
Woods At Peppertree Bh LLC
Peppertree Circle Decatur 3321
Grant Deed
—
Aug 31, 2017
$4,818,000
3321 Peppertree Circle Decatur
Ld Crystal LLC
Grant Deed
$4,800,000 · Specialty Credit Hldgs LLC
Nov 10, 2014
—
Ld Crystal LLC
First Commercial Lending Co Ll
Quit Claim Deed
related
—
Oct 3, 2014
$2,400,000
Ld Crystal LLC
First Commercial Lending Co Ll
Grant Deed
$2,420,000 · Spcp Group Vii LLC
Jun 1, 2011
$1,176,000
First Commercial Lending Co Ll
3321 Peppertree Circle Holding
Grant Deed
—
Feb 2, 2010
$2,010,000
Peppertree Circle Holding 3321
Wildwood Associates Ltd
Grant Deed
—
—
—
3321 Peppertree Circle Decatur
—
Deed Of Trust
related
$10,875,000 · Capital One Nat'l Assn
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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