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Property profile & analytics
OFF-MARKET
Estimated value
$2,740,000
Garden apartment buildings
4021 Lakemont Dr, College Park, GA 30337-3864
Entity Owned
7-yr Hold
Absentee Owner
Property ID
US22-1746061
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
13,320 SF
Lot
14 ac (609,840 SF)
Zoning code
MF
APN
13 0003 LL0530
UPID
US22-1746061
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
$1.81M
CAP Approach
CAP
$2.26M
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$2.74M
Owner & transaction history
Lakeside Wg LLC · 7 yrs held
Lakeside Wg LLC
since 2019
4 recorded transactions
Zoning & alternative use
MF · College Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+45.6%
Neighborhood: shopping center
$3.6M
+41.0%
Medical building
$3.6M
+40.8%
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 College Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Park 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
$1,805,000
CAP Approach
CAP Return
Estimation
6%
$2,450,000
6.5%
$2,260,000
7%
$2,100,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,570,000
Current use
COMMERCIAL (GENERAL)
$3,745,000
Change: +46% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,625,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$3,620,000
Change: +41% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,380,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$3,120,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$2,990,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$2.74M
Range $2.47M – $3.01M · ±10%
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
$206 / 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
$71,201
Tax year 2023
Assessed value
$2,522,520
Assessed 2023
Previous assessed
$2,522,520
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$672,000
Assessed improvement
$1,850,520
Land market value
$1,680,000
Improvement market value
$4,626,300
Total market value
$6,306,300
Applied tax rate
15.0000
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
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
10
Stories
1
Units
16
Bathrooms
14
Total area
13,320 SF
Lot
14 ac (609,840 SF)
Zoning code
MF
APN
13 0003 LL0530
UPID
US22-1746061
Jurisdiction
FULTON
Zoning & alternative use
MF · College Park, GA
Zoning MF · permitted uses
MF · College Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
College Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
10
Units
16
Bathrooms
14
Lot
14 ac
Current owner
From public records · entity-resolved
Lakeside Wg LLC
Entity
Mailing address
135 ROCKAWAY TPKE #105, LAWRENCE, NY 11559-1031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2019
$14,842,000
Lakeside Wg LLC
Lakeside Reserve LLC
Grant Deed
related
—
Jan 4, 2016
$10,000,000
Lakeside Reserve LLC
Lakeside Reserve Apts LLC
Grant Deed
related
$6,735,000 · Arbor Realty SR
Jul 1, 2013
$10,000,000
Lakeside Reserve Apts LLC
Cfi Lakes LLC
Grant Deed
related
$7,735,000 · Arbor Realty SR INC
—
—
Lakeside Reserve LLC
—
Deed Of Trust
related
$10,000,000 · Arbor Com'l Fndg I LLC
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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