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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
3740 Clb Dr, Norcross, GA 30093
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1194027
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1998
Construction
WOOD
Total area
35,496 SF
Lot
24.91 ac (1,085,080 SF)
Zoning code
RM13-MULTI-FAM RES
APN
6-203 -082
UPID
US22-1194027
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sreit Grande Club Apartments LLC · 4 yrs held
Sreit Grande Club Apartments LLC
since 2021
Last sale
$49.0M
5 recorded transactions
Zoning & alternative use
RM13-MULTI-FAM RES · Norcross, 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 Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$754,773
Tax year 2023
Assessed value
$24,834,520
Assessed 2023
Previous assessed
$24,834,520
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$4,340,320
Assessed improvement
$20,494,200
Land market value
$10,850,800
Improvement market value
$51,235,500
Total market value
$62,086,300
Applied tax rate
1.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
5
Stories
3
Total area
35,496 SF
Lot
24.91 ac (1,085,080 SF)
Zoning code
RM13-MULTI-FAM RES
APN
6-203 -082
UPID
US22-1194027
Jurisdiction
GWINNETT
Zoning & alternative use
RM13-MULTI-FAM RES · Norcross, GA
Zoning RM13-MULTI-FAM RES · permitted uses
RM13-MULTI-FAM RES · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Buildings
5
Lot
24.91 ac
Current owner
From public records · entity-resolved
Sreit Grande Club Apartments LLC
Entity
Mailing address
1601 WASHINGTON AVE STE #800, MIAMI BEACH, FL 33139-3165
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2021
$65,354,000
Sreit Grande Club Apartments LLC
Strata Club LLC
Limited Warranty Deed
$12,999,936 · Wells Fargo
Sep 30, 2016
$30,831,600
Strata Club LLC
Dra Grande Club LLC
Grant Deed
$21,582,000 · Cbre Cap Markets
Sep 27, 2007
$11,839,300
Dra Grande Club LLC
Legacy Club Properties LLC
Grant Deed
related
$16,500,000 · Wachovia Bank Series 2006-c23
Sep 25, 2007
$28,339,300
Dra Grande Club LLC
Legacy Club Properties LLC
Grant Deed
—
—
—
Legacy Club Properties LLC
—
Deed Of Trust
related
$16,500,000 · 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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