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Property profile & analytics
OFF-MARKET
Estimated value
$405,000
Garden apartment buildings
3691 Napoleon St College Park, GA 30337-2400
Individually Owned
20-yr Hold
Absentee Owner
Property ID
US22-4427957
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
2,976 SF
Lot
0.52 ac (22,477 SF)
Zoning code
M1
APN
14 016100040572
UPID
US22-4427957
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
$405k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$405k
Owner & transaction history
Lamar Powell · 20 yrs held
Lamar Powell
since 2005
2 recorded transactions
Zoning & alternative use
M1 · College Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The M1 district is intended to provide a land use category for assembly, warehousing, and other light industrial operations, The provisions that regulate this land use district should make the district compatible with the C2, BP districts and Airport areas, This district should be used in combination with the C2 district in areas with convenient access to ma…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
599.52 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$835,000
+45.6%
Neighborhood: shopping center
$810,000
+41.0%
Medical building
$810,000
+40.8%
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
$405,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$575,000
Current use
COMMERCIAL (GENERAL)
$835,000
Change: +46% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$810,000
Change: +41% · Conversion: Moderate
AUTO REPAIR, GARAGE
$755,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$665,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$405k
Range $365k – $446k · ±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
$136 / 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
$4,171
Tax year 2023
Assessed value
$147,760
Assessed 2023
Previous assessed
$147,760
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$123,960
Assessed improvement
$23,800
Land market value
$309,900
Improvement market value
$59,500
Total market value
$369,400
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
1964
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
4
Bathrooms
1
Total area
2,976 SF
Lot
0.52 ac (22,477 SF)
Zoning code
M1
APN
14 016100040572
UPID
US22-4427957
Jurisdiction
FULTON
Zoning & alternative use
M1 · College Park, GAZoning M1 · permitted uses
M1 · College Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The M1 district is intended to provide a land use category for assembly, warehousing, and other light industrial operations, The provisions that regulate this land use district should make the district compatible with the C2, BP districts and Airport areas, This district should be used in combination with the C2 district in areas with convenient access to major transportation routes
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
599.52 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$835,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
MEDICAL BUILDING
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$755,000
OFFICE BUILDING
Est. value
$695,000
RETAIL STORES
Est. value
$665,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1964
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
4
Bathrooms
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Lamar Powell
Individual
Mailing address
1237 OAKCREST DR SW, ATLANTA, GA 30311-3053
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2005
$90,000
Lamar Powell
Mary J P Keene
Deed
$85,500 · Bayrock Mtg Corp
—
—
Lamar Powell
—
Deed Of Trust
related
$146,169 · Nationstar Mortgage LLC
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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