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Property profile & analytics
OFF-MARKET
Garden apartment buildings
3893 Kensington Rd Decatur, GA 30032-1744
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US22-0077335
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1987
Total area
7,440 SF
Lot
25.64 ac (1,116,878 SF)
Zoning code
RM85
APN
15 229 01 012
UPID
US22-0077335
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
-
Silver Oak Apartment Apartment Complex Apartment Building
-
Kenridge Apartment Complex Figurine Shop
-
Sunshine Glow Lash Co Hair Salon
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
Kenridge Partners LLC
Kenridge Partners LLC
since 2025
Last sale
$30.8M
7 recorded transactions
Zoning & alternative use
RM85 · Decatur, GA
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
$448,125
Tax year 2024
Assessed value
$20,985,080
Assessed 2024
Previous assessed
$20,495,040
+2.4% YoY
Effective rate
2.14%
On assessed value
Assessed land
$2,680,480
Assessed improvement
$18,304,600
Land market value
$6,701,200
Improvement market value
$45,761,500
Total market value
$52,462,700
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
1987
Heating
NONE
Cooling
YES
Buildings
41
Stories
2
Units
326
Total area
7,440 SF
Lot
25.64 ac (1,116,878 SF)
Zoning code
RM85
APN
15 229 01 012
UPID
US22-0077335
Jurisdiction
DE KALB
Zoning & alternative use
RM85 · Decatur, GAZoning RM85 · permitted uses
RM85 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home Page | Decatur GA
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Cooling
Yes
Stories
2
Buildings
41
Units
326
Lot
25.64 ac
Current owner
From public records · entity-resolved
Kenridge Partners LLC
Entity
Mailing address
2 ENTERPRISE DR STE #406, SHELTON, CT 06484-4657
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Nov 3, 2025
$33,578,000
Kenridge Partners LLC
Kenridge Nmf LLC
Deed
$2,694,600 · First Carolina Bank
Nov 3, 2025
—
Kenridge Partners LLC
Kenridge Nmf LLC
Quitclaim Deed
related
—
Jan 26, 2021
—
Kenridge Nmf LLC
—
Deed
related
$26,500,000 · Acm Credit Fund I L
Dec 22, 2020
—
Kenridge Nmf LLC
—
Deed
related
$26,500,000 · Acm Credit Fund I L
Jul 18, 2013
$9,500,000
Kenridge Associates LLC
Pem Of Fsf Kenridge LLC
Grant Deed
related
$7,100,000 · Starwood Mortgage Capital LLC
Aug 16, 2012
—
Pem Of Fsf Kenridge LLC
—
Trustees Deed
related
$5,000,000 · Forcht Bank NA
Jan 5, 2012
$341,000
Ug Acquisitions LLC
Universal Guaranty Life Ins Co
Quit Claim Deed
related
—
Aug 15, 2011
$341,000
Universal Guaranty Life Ins Co
Pem Of Fsf Kenridge LLC
Quit Claim Deed
related
—
Jul 7, 2011
$7,900,000
Pem Of Fsf Kenridge LLC
Fpc Of Kenridge Apartments LP
Trustees 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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