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Property profile & analytics
OFF-MARKET
Estimated value
$13,765,000
Garden apartment buildings
3505 Redwine Rd East Point, GA 30344-5720
Entity Owned
6-yr Hold
Property ID
US22-0517526
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2005
Construction
WOOD
Total area
87,892 SF
Lot
26.42 ac (1,150,855 SF)
Zoning code
R4
APN
14 0255 LL0525
UPID
US22-0517526
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
$14.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.77M
Owner & transaction history
Sterling Elevation 3505 LLC · 6 yrs held
Sterling Elevation 3505 LLC
since 2019
5 recorded transactions
Zoning & alternative use
R4 · East Point, 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 East Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Point 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%
$16,160,000
6.5%
$14,915,000
7%
$13,850,000
Blend value · Realmo final
$13.77M
Range $12.39M – $15.14M · ±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
$157 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$598,391
Tax year 2023
Assessed value
$21,200,000
Assessed 2023
Previous assessed
$16,800,000
+26.2% YoY
Effective rate
2.82%
On assessed value
Assessed land
$2,539,000
Assessed improvement
$18,661,000
Land market value
$6,347,500
Improvement market value
$46,652,500
Total market value
$53,000,000
Applied tax rate
20.0000
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
2005
Construction
WOOD
Heating
NONE
Buildings
18
Stories
1
Units
10
Bathrooms
29
Total area
87,892 SF
Lot
26.42 ac (1,150,855 SF)
Zoning code
R4
APN
14 0255 LL0525
UPID
US22-0517526
Jurisdiction
FULTON
Zoning & alternative use
R4 · East Point, GA
Zoning R4 · permitted uses
R4 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Point. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
WOOD
Heating
NONE
Stories
1
Buildings
18
Units
10
Bathrooms
29
Lot
26.42 ac
Current owner
From public records · entity-resolved
Sterling Elevation 3505 LLC
Entity
Mailing address
3900 EDISON LKS PKWY STE #201, MISHAWAKA, IN 46545-3442
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2019
$48,800,000
Sterling Elevation 3505 LLC
Landmark Cg Phase 1 LLC
Grant Deed
$37,162,000 · Berkadia Com'l Mtg
Jul 18, 2019
—
Landmark Cg Phase 1 LLC
—
Correction Deed
related
$3,287,000 · Walker & Dunlop
Sep 28, 2017
$39,302,900
Landmark Cg Phase I LLC
Landmark Of Creekside Grand LLC
Grant Deed
related
—
Jan 28, 2005
$5,470,300
Oxford Ridge Jv LLC
Oxford Ridge LLC
Grant Deed
related
—
—
—
Landmark Of Creekside Grand LLC
—
Deed Of Trust
related
$36,980,000 · 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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