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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Garden apartment buildings
4065 Jonesboro Rd Union City, GA 30291-2261
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0547921
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
4,080 SF
Lot
8 ac (348,480 SF)
Zoning code
RM
APN
09F130000581538
UPID
US22-0547921
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
-
Morgan Trace Apartment Complex
-
Nissan Service Auto Repair Shop
-
JDRTURBO Arcade & Gaming Center Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.08M
Owner & transaction history
Morgan Trace Apts Of Union C · 8 yrs held
Morgan Trace Apts Of Union C
since 2018
2 recorded transactions
Zoning & alternative use
RM · Union City, 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 Union City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union City 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
$1,170,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±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
$263 / 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
$33,871
Tax year 2023
Assessed value
$1,200,000
Assessed 2023
Previous assessed
$1,379,160
-13.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$144,000
Assessed improvement
$1,056,000
Land market value
$360,000
Improvement market value
$2,640,000
Total market value
$3,000,000
Applied tax rate
50.0000
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
1985
Construction
WOOD
Heating
NONE
Buildings
10
Stories
1
Units
6
Bathrooms
10
Total area
4,080 SF
Lot
8 ac (348,480 SF)
Zoning code
RM
APN
09F130000581538
UPID
US22-0547921
Jurisdiction
FULTON
Zoning & alternative use
RM · Union City, GA
Zoning RM · permitted uses
RM · Union City, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Union City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
NONE
Stories
1
Buildings
10
Units
6
Bathrooms
10
Lot
8 ac
Current owner
From public records · entity-resolved
Morgan Trace Apts Of Union C
Individual
Mailing address
590 W KENNEDY BLVD, LAKEWOOD, NJ 08701-1224
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2018
—
Morgan Trace Apts Of Union C
—
Deed
related
$29,100,000 · Arbor Realty SR
Dec 28, 2011
—
Marsh Landing Apartments Ltd
—
Deed Of Trust
related
$384,750,000 · Us Bank NA Series 2007-c1 (ce)
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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