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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Garden apartment buildings
3311 Southridge Dr Acworth, GA 30101-6382
Individually Owned
16-yr Hold
Free & Clear
Property ID
US22-0079303
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1997
Total area
3,552 SF
Lot
0.21 ac (9,200 SF)
Zoning code
C2
APN
20001103200
UPID
US22-0079303
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
by Request
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$350k
Blend (final)
Blend
$560k
Owner & transaction history
Loku G Janaka · 16 yrs held
Loku G Janaka
since 2009
7 recorded transactions
Zoning & alternative use
C2 · Acworth, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$870,000
+14.9%
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 Acworth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Acworth 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
by Request
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$680,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$760,000
Current use
MEDICAL BUILDING
$870,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$735,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$705,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$158 / 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
$5,729
Tax year 2024
Assessed value
$190,000
Assessed 2024
Previous assessed
$217,680
-12.7% YoY
Effective rate
3.02%
On assessed value
Assessed land
$47,360
Assessed improvement
$142,640
Land market value
$118,400
Improvement market value
$356,600
Total market value
$475,000
Applied tax rate
1.0000
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
1997
Heating
NONE
Units
4
Total area
3,552 SF
Lot
0.21 ac (9,200 SF)
Zoning code
C2
APN
20001103200
UPID
US22-0079303
Jurisdiction
COBB
Zoning & alternative use
C2 · Acworth, GA
Zoning C2 · permitted uses
C2 · Acworth, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Acworth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$760,000
MEDICAL BUILDING
Est. value
$870,000
RETAIL STORES
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$705,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Heating
NONE
Units
4
Lot
0.21 ac
Current owner
From public records · entity-resolved
Loku G Janaka
Individual
Free & Clear · 16 yrs held
Mailing address
PO BOX 1114, KENNESAW, GA 30156-8114
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2009
—
Loku G Janaka
Federal Hm Ln Mtg Corp
Grant Deed
—
Aug 10, 2009
$160,000
Janaka Loku G Desilva
Federal Home Loan Mtg Corp
Grant Deed
related
—
Mar 9, 2009
—
Federal Home Loan Mtg Corp
Wells Fargo Bank NA
Grant Deed
—
Mar 9, 2009
$146,371
Wells Fargo Bank NA
Thompson,matthew
Trustees Deed
related
—
Feb 3, 2009
$146,371
Federal Home Loan Mtg Corp
Wells Fargo Bank NA
Grant Deed
related
—
Jun 20, 2007
$350,000
Matthew Thompson
David O Woghiren
Deed
$280,000 · Terrace Mtg Corp
Jun 13, 2007
$350,000
Matthew Thompson
Woghiren,david O
Grant Deed
related
—
Oct 13, 2005
$304,000
David O Woghiren
John Krishon
Deed
$243,200 · Primary Cap Advisors Lc
Sep 16, 2005
—
John Krishon
Hbw Development Company
Grant Deed
—
Dec 2, 2004
$279,000
John Krishon
Hbw Dev Co
Warranty Deed
—
—
—
Matthew Thompson
—
Deed Of Trust
related
$52,500 · National City Bank
—
—
Matthew Thompson
—
Deed Of Trust
related
$280,000 · Terrace Mortgage Co
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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