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Property profile & analytics
OFF-MARKET
Estimated value
$450,000
Garden apartment buildings
3570 Main St College Park, GA 30337-2062
Individually Owned
12-yr Hold
Property ID
US22-4400308
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1935
Construction
WOOD
Total area
3,944 SF
Lot
0.27 ac (11,761 SF)
Zoning code
R3
APN
14 015900130583
UPID
US22-4400308
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
$450k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$599k
Blend (final)
Blend
$450k
Owner & transaction history
Kai I Sinclair · 12 yrs held
Kai I Sinclair
since 2014
6 recorded transactions
Zoning & alternative use
R3 · College Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R3 district is intended to provide the development of single family dwellings served by public water and sewer systems, The provisions that regulate this land use district provides for the development of residential neighborhoods in a medium density urban environment, This district should be protected from conflicting land uses
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
187.87 ac
Source
Realmo
Top alternative use upside
Retail stores
$885,000
+16.2%
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 College Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Park 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
$450,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$620,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$760,000
Current use
RETAIL STORES
$885,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$450k
Range $405k – $495k · ±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
$114 / 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
$3,331
Tax year 2023
Assessed value
$118,000
Assessed 2023
Previous assessed
$224,000
-47.3% YoY
Effective rate
2.82%
On assessed value
Assessed land
$12,960
Assessed improvement
$105,040
Land market value
$32,400
Improvement market value
$262,600
Total market value
$295,000
Applied tax rate
15.0000
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
1935
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
4
Rooms
16
Bathrooms
4
Total area
3,944 SF
Lot
0.27 ac (11,761 SF)
Zoning code
R3
APN
14 015900130583
UPID
US22-4400308
Jurisdiction
FULTON
Zoning & alternative use
R3 · College Park, GAZoning R3 · permitted uses
R3 · College Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R3 district is intended to provide the development of single family dwellings served by public water and sewer systems, The provisions that regulate this land use district provides for the development of residential neighborhoods in a medium density urban environment, This district should be protected from conflicting land uses
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
187.87 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$760,000
RETAIL STORES
Est. value
$885,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
1935
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Rooms
16
Bathrooms
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
Kai I Sinclair
Individual
Mailing address
PO BOX 3305, ATLANTA, GA 30302-3305
Ownership since
2014
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
Jan 17, 2014
—
Kai I Sinclair
Alleyne,eric
Quit Claim Deed
related
—
Jul 31, 2008
$269,900
Eric Alleyne
Painter,mark
Grant Deed
—
Oct 5, 2004
$85,000
Conradsen,rex K
Csfn Abs Series 2002-he2
Grant Deed
—
Mar 19, 2004
$204,771
Merrill Lynch Mtg Invtrs INC Mtg
Sanders,leroy
Trustees Deed
related
—
—
—
Painter,mark
—
Deed Of Trust
related
$180,000 · Fremont Invs & Ln
—
—
Eric Alleyne
—
Deed Of Trust
related
$259,610 · Suntrust 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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