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Property profile & analytics
OFF-MARKET
Garden apartment buildings
3475 Glenwood Rd Decatur, GA 30032
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1124240
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2000
Total area
10,080 SF
Lot
3.5 ac (152,460 SF)
Zoning code
RM75
APN
15 169 01 314
UPID
US22-1124240
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Park 35 Owner LLC · 3 yrs held
Park 35 Owner LLC
since 2022
Last sale
$24.3M
4 recorded transactions
Zoning & alternative use
RM75 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$40,607
Tax year 2024
Assessed value
$2,289,720
Assessed 2024
Previous assessed
$880,000
+160.2% YoY
Effective rate
1.77%
On assessed value
Assessed land
$56,448
Assessed improvement
$2,233,272
Land market value
$141,120
Improvement market value
$5,583,180
Total market value
$5,724,300
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
2000
Heating
NONE
Cooling
YES
Buildings
6
Stories
2
Units
40
Bathrooms
0
Total area
10,080 SF
Lot
3.5 ac (152,460 SF)
Zoning code
RM75
APN
15 169 01 314
UPID
US22-1124240
Jurisdiction
DE KALB
Zoning & alternative use
RM75 · Decatur, GA
Zoning RM75 · permitted uses
RM75 · 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.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Cooling
Yes
Stories
2
Buildings
6
Units
40
Bathrooms
0
Lot
3.5 ac
Current owner
From public records · entity-resolved
Park 35 Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4445 WILLARD AVE STE #900, CHEVY CHASE, MD 20815-3788
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$40,500,000
Park 35 Owner LLC
Fp Glenwood LLC
Limited Warranty Deed
—
Jun 12, 2020
—
Fp Glenwood LLC
Related Park 35 LLC
Correction Deed
related
—
Mar 13, 2020
$24,320,000
Fp Glenwood LLC
Related Park 35 LLC
Grant Deed
$15,808,000 · Wells Fargo Bk
Mar 13, 2020
—
Faros Acquisition LLC
Related Park 35 LLC
Quit Claim Deed
related
$15,808,000 · Wells Fargo Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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