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Property profile & analytics
OFF-MARKET
Estimated value
$53,475,000
Garden apartment buildings
3400 Winterset SE Pkwy, Marietta, GA 30067-6541
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1504991
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1983
Total area
393,980 SF
Lot
20.16 ac (878,343 SF)
Zoning code
PRD MF
APN
17086900020
UPID
US22-1504991
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
Current use
Occupant on record · Public records
-
Advenir at Winterset Apartment Rental Agency Condominium Complex
-
Winterset at East Cobb Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$47.51M
Blend (final)
Blend
$53.48M
Owner & transaction history
Winterset At East Cobb LLC · 10 yrs held
Winterset At East Cobb LLC
since 2015
Last sale
$52.9M
7 recorded transactions
Zoning & alternative use
PRD MF · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$86.7M
+43.8%
Retail stores
$86.7M
+43.6%
Commercial (general)
$76.9M
+27.4%
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 Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta 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
$60,685,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$60,340,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$86,735,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$86,660,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$76,870,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$68,440,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$53.48M
Range $48.13M – $58.82M · ±10% · vs last sale $52.85M (Sep 1 2020)
Last sale anchor
$52.85M
Sep 1 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
$136 / 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
$164,462
Tax year 2024
Assessed value
$19,440,000
Assessed 2024
Previous assessed
$19,440,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$3,583,640
Assessed improvement
$15,856,360
Land market value
$8,959,100
Improvement market value
$39,640,900
Total market value
$48,600,000
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
1983
Heating
NONE
Buildings
9
Units
302
Total area
393,980 SF
Lot
20.16 ac (878,343 SF)
Zoning code
PRD MF
APN
17086900020
UPID
US22-1504991
Jurisdiction
COBB
Zoning & alternative use
PRD MF · Marietta, GA
Zoning PRD MF · permitted uses
PRD MF · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$60.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$86.7M
RETAIL STORES
Est. value
$86.7M
COMMERCIAL (GENERAL)
Est. value
$76.9M
AUTO REPAIR, GARAGE
Est. value
$68.4M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1983
Heating
NONE
Buildings
9
Units
302
Lot
20.16 ac
Current owner
From public records · entity-resolved
Winterset At East Cobb LLC
Entity
Free & Clear · 10 yrs held
Mailing address
17501 BISCAYNE BLVD STE #300, AVENTURA, FL 33160-4804
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2018
—
Winterset At East Cobb LLC
—
Deed
related
$34,560,000 · Cbre Cap Markets
Sep 21, 2015
—
Winterset At East Cobb LLC
Arwc-3400 Winterset Parkway Ll
Quit Claim Deed
related
—
Sep 21, 2015
$30,370,000
Winterset At East Cobb LLC
Arwc-3400 Winterset Parkway Ll
Grant Deed
related
$25,814,500 · Cbre Cap Markets
Dec 4, 2013
$19,300,000
Arwc-3400 Winterset Parkway Ll
Lbubs 2006-c6 Winterset Parkwa
Grant Deed
—
Feb 7, 2012
$15,250,000
Lbubs 2006-c6 Winterset Parkwa
Jasmine At Powers Ferry LLC
Trustees Deed
related
—
Jun 13, 2006
—
A O Holdings LLC
Ordway LLC
Grant Deed
related
—
Jun 13, 2006
$20,500,000
Jasmine At Powers Ferry LLC
Powers Ferry Prop
Grant Deed
related
$13,850,000 · Lehman Capital Corp
—
—
Winterset At East Cobb LLC
—
Deed Of Trust
related
$34,560,000 · Cbre Cap Markets
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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