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Property profile & analytics
OFF-MARKET
Estimated value
$16,855,000
Garden apartment buildings
3800 Flt Shls Pkwy Decatur, GA 30034-4030
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1132342
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Total area
8,820 SF
Lot
21 ac (914,760 SF)
Zoning code
RM100
APN
15 089 02 003
UPID
US22-1132342
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
$10.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.36M
Blend (final)
Blend
$16.86M
Owner & transaction history
Orchard Walk LP · 3 yrs held
Orchard Walk LP
since 2022
Last sale
$23.5M
3 recorded transactions
Zoning & alternative use
RM100 · 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
$19,275,000
ML approach
$10,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.86M
Range $15.17M – $18.54M · ±10% · vs last sale $23.50M (Sep 29 2022)
Last sale anchor
$23.50M
Sep 29 2022
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
$1,911 / 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
$269,661
Tax year 2024
Assessed value
$10,531,960
Assessed 2024
Previous assessed
$5,920,000
+77.9% YoY
Effective rate
2.56%
On assessed value
Assessed land
$767,935
Assessed improvement
$9,764,025
Land market value
$1,919,838
Improvement market value
$24,410,062
Total market value
$26,329,900
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
1970
Heating
NONE
Cooling
YES
Buildings
25
Stories
2
Units
204
Total area
8,820 SF
Lot
21 ac (914,760 SF)
Zoning code
RM100
APN
15 089 02 003
UPID
US22-1132342
Jurisdiction
DE KALB
Zoning & alternative use
RM100 · Decatur, GA
Zoning RM100 · permitted uses
RM100 · 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
1970
Heating
NONE
Cooling
Yes
Stories
2
Buildings
25
Units
204
Lot
21 ac
Current owner
From public records · entity-resolved
Orchard Walk LP
Entity
Mailing address
210 UNIVERSITY BLVD STE #460, DENVER, CO 80206-4619
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
$23,500,000
Orchard Walk LP
Orchard Walk Holding LP
Warranty Deed
$24,225,000 · Nef Preservation Pb Fund I
May 21, 2019
$13,500,000
Orchard Walk Holding LP
Orchard Walk LP
Grant Deed
related
—
Mar 31, 2005
$8,150,000
Orchard Walk
Beeb Atl Co
Deed
$12,000,000 · Housing Auth/dekalb
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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