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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Garden apartment buildings
3737 Redan Rd Decatur, GA 30032-2300
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0593502
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1988
Total area
5,184 SF
Lot
15.64 ac (681,278 SF)
Zoning code
X
APN
15 220 04 004
UPID
US22-0593502
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
-
GRACE CLEANING SERVICES LLC General Contractor
-
Redan Cove Apartments Apartment Complex
-
G & G Elite Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$995k
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.09M
Owner & transaction history
Westchester Redan Cove LLC · 11 yrs held
Westchester Redan Cove LLC
since 2015
7 recorded transactions
Zoning & alternative use
X · Decatur, 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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$995,000
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±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
$210 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$83,590
Tax year 2024
Assessed value
$7,892,840
Assessed 2024
Previous assessed
$1,760,000
+348.5% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,062,760
Assessed improvement
$6,830,080
Land market value
$2,656,900
Improvement market value
$17,075,200
Total market value
$19,732,100
Applied tax rate
4.0000
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
1988
Heating
NONE
Cooling
YES
Buildings
27
Stories
1
Units
124
Total area
5,184 SF
Lot
15.64 ac (681,278 SF)
Zoning code
X
APN
15 220 04 004
UPID
US22-0593502
Jurisdiction
DE KALB
Zoning & alternative use
X · Decatur, GA
Zoning X · permitted uses
X · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Cooling
Yes
Stories
1
Buildings
27
Units
124
Lot
15.64 ac
Current owner
From public records · entity-resolved
Westchester Redan Cove LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1904 MONROE DR NE STE #235, ATLANTA, GA 30324-4854
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2019
—
Westchester Redan Cove LLC
—
Deed
related
—
Apr 3, 2019
—
Westchester Redan Cove LLC
—
Deed
related
$4,835,000 · Pinnacle Bank
Jun 16, 2015
—
Westchester Redan Cove LLC
Redan Cove Partners LLC
Quit Claim Deed
related
—
Jun 16, 2015
$4,770,000
Westchester Redan Cove LLC
Redan Cove Partners LLC
Grant Deed
related
$3,675,000 · Commercial Real Estate LP
Mar 7, 2012
$2,400,000
Redan Cove Partners LLC
Federal Natl Mtg Assn Fnma
Grant Deed
$2,250,000 · Branch Banking & Trust Co
Apr 28, 2006
$5,000,000
Nbfre LLC
Melnick INC
Grant Deed
—
—
—
Westchester Redan Cove LLC
—
Loan Modification
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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