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Property profile & analytics
OFF-MARKET
Estimated value
$7,460,000
Amusement parks
3562 Elm St Hapeville, GA 30354-1610
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-1669396
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
1965
Construction
STEEL FRAME
Total area
12,510 SF
Lot
0.54 ac (23,479 SF)
Zoning code
I1
APN
14 009600050225
UPID
US22-1669396
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
$7.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.46M
Owner & transaction history
Hapeville Multifamily LLC · 1 yrs held
Hapeville Multifamily LLC
since 2024
Last sale
$7.4M
6 recorded transactions
Zoning & alternative use
I1 · Hapeville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.9M
+611.7%
Restaurant
$6.8M
+387.0%
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
$7,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,940,000
Change: +612% · Conversion: Difficult
RESTAURANT
$6,805,000
Change: +387% · Conversion: Difficult
Blend value · Realmo final
$7.46M
Range $6.71M – $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
$596 / 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
$4,547
Tax year 2023
Assessed value
$161,080
Assessed 2023
Previous assessed
$161,080
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$49,320
Assessed improvement
$111,760
Land market value
$123,300
Improvement market value
$279,400
Total market value
$402,700
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
Amusement parks
Use group
AMUSEMENT PARK
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
12,510 SF
Lot
0.54 ac (23,479 SF)
Zoning code
I1
APN
14 009600050225
UPID
US22-1669396
Jurisdiction
FULTON
Zoning & alternative use
I1 · Hapeville, GA
Zoning I1 · permitted uses
I1 · Hapeville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hapeville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.9M
RESTAURANT
Est. value
$6.8M
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
1965
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.54 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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
$5,822,850
Hapeville Multifamily LLC
Cml Hapeville LLC
Quitclaim Deed
related
—
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
—
Jan 7, 2021
$7,400,000
Cml Hapeville LLC
Main Street Partner Group LLC
Grant Deed
$3,700,000 · Main Street Partner Group LLC
May 2, 2006
$243,341
Main St Partners Grp LLC
Honour Realty Holdings LLC
Grant Deed
—
May 2, 2006
—
Main St Partners Grp LLC
Honour Realty Holdings LLC
Grant Deed
related
—
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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