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Property profile & analytics
OFF-MARKET
Estimated value
$45,355,000
Garden apartment buildings
3871 Redwine Rd, Atlanta, GA 30344-5870
Entity Owned
5-yr Hold
Property ID
US22-1974386
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2009
Construction
WOOD
Total area
155,070 SF
Lot
18.72 ac (815,269 SF)
Zoning code
PDMU
APN
14F0002 LL6688
UPID
US22-1974386
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
-
KissedCO (Bike/Boat/Book/etc) Store Cosmetic Store
-
Hot Girl Seasons Clothing & Fashion Store
-
Park at Princeton Lakes Apartments Apartment Complex Apartment Building
-
Kingdom Business Financial Group LLC Financial Advisor
-
B1ACK GESUS (Bike/Boat/Book/etc) Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$43.26M
Blend (final)
Blend
$45.36M
Owner & transaction history
3871 Redwine Road LLC · 5 yrs held
3871 Redwine Road LLC
since 2020
Last sale
$49.5M
7 recorded transactions
Zoning & alternative use
PDMU · Atlanta, 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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$45.36M
Range $40.82M – $49.89M · ±10% · vs last sale $49.50M (Sep 30 2020)
Last sale anchor
$49.50M
Sep 30 2020
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
$292 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$683,587
Tax year 2023
Assessed value
$16,511,760
Assessed 2023
Previous assessed
$16,511,760
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$1,516,000
Assessed improvement
$14,995,760
Land market value
$3,790,000
Improvement market value
$37,489,400
Total market value
$41,279,400
Applied tax rate
5.0000
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
2009
Construction
WOOD
Heating
NONE
Buildings
6
Stories
1
Units
30
Total area
155,070 SF
Lot
18.72 ac (815,269 SF)
Zoning code
PDMU
APN
14F0002 LL6688
UPID
US22-1974386
Jurisdiction
FULTON
Zoning & alternative use
PDMU · Atlanta, GA
Zoning PDMU · permitted uses
PDMU · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
NONE
Stories
1
Buildings
6
Units
30
Lot
18.72 ac
Current owner
From public records · entity-resolved
3871 Redwine Road LLC
Entity
Mailing address
3621 VININGS SLOPE SE STE #4400, ATLANTA, GA 30339-4194
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2020
$49,500,000
3871 Redwine Road LLC
Star III Princeton Lakes LLC
Limited Warranty Deed
$32,500,000 · Walker And Dunlop
Sep 8, 2017
$43,452,000
Star III Princeton Lakes LLC
Ansley Nc LLC
Grant Deed
$32,360,000 · Pnc Bk
Jan 2, 2013
—
Princeton Lakes Apartments LLC
—
Trustees Deed
related
$1,000,000 · Key Bank & Trust
Dec 4, 2012
—
Princeton Lakes Apartments LLC
—
Deed Of Trust
related
$23,900,000 · Key Bank & Trust
Jan 24, 2012
—
City Of Atlanta Georgia
Princeton Lakes Apartments LLC
Grant Deed
related
—
Jun 19, 2008
$4,845,936
Princeton Lakes Apartments LLC
Hfh Camp Creek LLC
Grant Deed
$24,592 · Colonial Bank
Dec 19, 2007
$4,684,000
Hfh Camp Creek LLC
Pmc Princeton Lakes II LLC
Grant Deed
$4,270,000 · Colonial Bank
—
—
Princeton Lakes Apartments LLC
—
Deed Of Trust
related
$9,000,000 · Key Bank & Trust
—
—
Princeton Lakes Apartments LLC
—
Deed Of Trust
related
$25,300,000 · Key Bank & Trust
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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