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Property profile & analytics
OFF-MARKET
Estimated value
$5,430,000
Garden apartment buildings
3814 Redan Rd Decatur, GA 30032-2306
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-4586149
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2021
Total area
34,776 SF
Lot
14.68 ac (639,461 SF)
Zoning code
R75
APN
15 220 01 031
UPID
US22-4586149
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
-
Sunrise View Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.43M
CAP Approach
CAP
$7.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.43M
Owner & transaction history
Georgia State Dept Of Transportatio · 1 yrs held
Georgia State Dept Of Transportatio
since 2024
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
R75 · 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
$5,430,000
ML approach
$5,430,000
CAP Approach
CAP Return
Estimation
6%
$7,785,000
6.5%
$7,185,000
7%
$6,675,000
Blend value · Realmo final
$5.43M
Range $4.89M – $5.97M · ±10% · vs last sale $5.43M (Jul 26 2024)
Last sale anchor
$5.43M
Jul 26 2024
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
$156 / 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
$481,123
Tax year 2024
Assessed value
$10,812,177
Assessed 2024
Previous assessed
$10,812,177
+0.0% YoY
Effective rate
4.45%
On assessed value
Assessed land
$1,937,600
Assessed improvement
$8,874,577
Land market value
$4,844,000
Improvement market value
$22,186,442
Total market value
$27,030,442
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
2021
Heating
NONE
Buildings
11
Stories
1
Units
240
Rooms
3
Bathrooms
1
Total area
34,776 SF
Lot
14.68 ac (639,461 SF)
Zoning code
R75
APN
15 220 01 031
UPID
US22-4586149
Jurisdiction
DE KALB
Zoning & alternative use
R75 · Decatur, GA
Zoning R75 · permitted uses
R75 · 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
2021
Heating
NONE
Stories
1
Buildings
11
Units
240
Rooms
3
Bathrooms
1
Lot
14.68 ac
Current owner
From public records · entity-resolved
Georgia State Dept Of Transportatio
Entity
Free & Clear · 1 yrs held
Mailing address
3814 S REDAN RD, DECATUR, GA 30032-2306
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jul 26, 2024
—
Georgia State Dept Of Transportatio
Regions Bank Tr
Quit Claim Deed
related
—
May 23, 2019
$4,900,000
Indian Creek Family Dev LP
Sbl Indian Creek Family LLC
Grant Deed
related
—
May 17, 2019
$5,429,000
Sbl Indian Creek Family LLC
Lyle Deferred Sales Trust
Grant Deed
—
May 17, 2019
$1,575,000
Lyle,deferred Sales Trust
Vohman,david D & Clare C
Grant Deed
—
May 17, 2019
—
Sbl Indian Creek Family LLC
Lyle Deferred Sales Trust
Quit Claim Deed
related
—
Aug 8, 2017
—
Claire C Vohman
Vohman,karen W
Quit Claim Deed
related
—
Jun 15, 2009
—
Karen Werder Vohman
Vohman,m Darius
Quit Claim 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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