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Property profile & analytics
OFF-MARKET
Garden apartment buildings
3801 Kensington Rd Decatur, GA 30032-1740
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0026902
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Total area
4,920 SF
Lot
7.75 ac (337,590 SF)
Zoning code
X
APN
15 229 01 015
UPID
US22-0026902
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
-
Langley Place Apartments Apartment Complex
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
Kensington Road Decatur Holdings Ll · 4 yrs held
Kensington Road Decatur Holdings Ll
since 2022
Last sale
$15.3M
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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$127,448
Tax year 2024
Assessed value
$2,770,000
Assessed 2024
Previous assessed
$6,113,200
-54.7% YoY
Effective rate
4.60%
On assessed value
Assessed land
$803,300
Assessed improvement
$1,966,700
Land market value
$2,008,250
Improvement market value
$4,916,750
Total market value
$6,925,000
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
1973
Heating
NONE
Cooling
YES
Buildings
12
Stories
2
Units
117
Total area
4,920 SF
Lot
7.75 ac (337,590 SF)
Zoning code
X
APN
15 229 01 015
UPID
US22-0026902
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
1973
Heating
NONE
Cooling
Yes
Stories
2
Buildings
12
Units
117
Lot
7.75 ac
Current owner
From public records · entity-resolved
Kensington Road Decatur Holdings Ll
Entity
Mailing address
13871 COUNTY RD 1567, ADA, OK 74820-1447
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
$15,283,000
Kensington Road Decatur Holdings Ll
Sureste Langley LLC
Limited Warranty Deed
$14,570,000 · Corevest American Finance Lender
Nov 16, 2020
$9,030,000
Sureste Langley LLC
Langley Place Apartments LLC
Grant Deed
related
$7,900,000 · Arbor Realty SR
Nov 13, 2018
$6,925,000
Langley Place Apartments LLC
Langley Properties LLC
Grant Deed
related
$4,591,600 · Greystone Svcng Corp
Nov 14, 2016
—
Langley Properties LLC
Langley Place Apartments LLC
Quit Claim Deed
related
$4,640,000 · Cbre Cap Markets
Nov 14, 2016
$5,800,000
Langley Properties LLC
Langley Place Apartments LLC
Grant Deed
related
—
Jun 24, 2014
—
Langley Place Apartments LLC
Cfi Langely LLC
Quit Claim Deed
related
$2,287,500 · Cibc
Jun 24, 2014
$3,050,000
Langley Place Apartments LLC
Cfi Langley LLC
Grant Deed
related
—
Nov 30, 2010
$1,726,500
Cfi Langley LLC
Tritex R/e Advisors INC
Grant Deed
—
Sep 1, 2009
$3,446,818
Real Estate Advisors In Tritex
Fannie,mae
Grant Deed
—
Sep 1, 2009
—
Mae Fannie
Fannie,mae
Quit Claim Deed
related
—
Apr 22, 2008
—
Dekalb County
Db Mtg Svcs LLC
Grant Deed
related
—
Mar 24, 2008
—
Dekalb County
Langley,place Partners LP
Grant Deed
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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