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Property profile & analytics
OFF-MARKET
Estimated value
$7,465,000
Commercial land
3558 Elm St Hapeville, GA 30354-1610
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-1261995
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1963
Total area
9,969 SF
Lot
1.25 ac (54,450 SF)
Zoning code
I1
APN
14 009600050217
UPID
US22-1261995
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.47M
Owner & transaction history
Hapeville Multifamily LLC · 1 yrs held
Hapeville Multifamily LLC
since 2024
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
I1 · Hapeville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.9M
+182.7%
Restaurant
$5.4M
+93.5%
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 Hapeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hapeville 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
$7,515,000
ML approach
$7,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,920,000
Change: +183% · Conversion: Moderate
RESTAURANT
$5,420,000
Change: +93% · Conversion: Difficult
Blend value · Realmo final
$7.47M
Range $6.72M – $8.21M · ±10% · vs last sale $7.40M (Jan 7 2021)
Last sale anchor
$7.40M
Jan 7 2021
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
$749 / 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
$2,794
Tax year 2023
Assessed value
$99,000
Assessed 2023
Previous assessed
$99,000
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$97,200
Assessed improvement
$1,800
Land market value
$243,000
Improvement market value
$4,500
Total market value
$247,500
Applied tax rate
30.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1963
Heating
YES
Cooling
YES
Total area
9,969 SF
Lot
1.25 ac (54,450 SF)
Zoning code
I1
APN
14 009600050217
UPID
US22-1261995
Jurisdiction
FULTON
Zoning & alternative use
I1 · Hapeville, GAZoning I1 · permitted uses
I1 · Hapeville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
RESTAURANT
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1963
Heating
YES
Cooling
Yes
Lot
1.25 ac
Current owner
From public records · entity-resolved
Hapeville Multifamily LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3715 NORTHSIDE PKWY NW, ATLANTA, GA 30327-2886
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
$7,622,850
Hapeville Multifamily LLC
Cml Hapeville LLC
Quitclaim Deed
related
—
Oct 29, 2024
$1,700,000
Hapeville Multifamily LLC
Hapeville Radiator INC
Quitclaim Deed
related
—
Oct 29, 2024
$5,822,850
Hapeville Multifamily LLC
Cml Hapeville LLC
Quitclaim Deed
related
—
Jan 7, 2021
$7,400,000
Cml Hapeville LLC
Main Street Partner Group LLC
Grant Deed
$3,700,000 · Main Street Partner Group LLC
Jun 18, 2018
$252,000
Main Street Partner Group LLC
Deed Co LLC
Quit Claim Deed
related
—
Feb 16, 2018
$210,000
Deed Co LLC
Sheriff Of Fulton County|main Street Partner Group
Tax Deed
—
May 19, 2006
—
Main Street Partner Group LLC
Honour Realty Holdings LLC
Warranty Deed
related
—
May 2, 2006
—
Main Street Partner Grp LLC
Honour Realty Holdings LLC
Grant Deed
related
—
Oct 11, 2005
$393,400
Honour Realty Holdings LLC
Interciti Partners LLC
Warranty Deed
—
Oct 11, 2005
$123,700
Honour Realty Holdings LLC
Interciti Partners LLC
Warranty Deed
—
Oct 11, 2005
$385,000
Interciti Partners LLC
Elm Street Properties Lllp
Grant Deed
—
Sep 12, 2005
$100,000
Interciti Partners LLC
Elm Street Properties Lllp
Grant Deed
—
—
—
Fluid,dynamics INC
—
Deed Of Trust
related
$570,000 · Wachovia Bank NA
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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