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Property profile & analytics
OFF-MARKET
Estimated value
$13,790,000
Garden apartment buildings
4112 Glenwood Rd Decatur, GA 30032-4728
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-4735998
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1964
Total area
10,578 SF
Lot
6.19 ac (269,462 SF)
Zoning code
RM75
APN
15 187 05 011
UPID
US22-4735998
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
-
Lee Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.75M
Blend (final)
Blend
$13.79M
Owner & transaction history
Ia 4100 LLC · 3 yrs held
Ia 4100 LLC
since 2023
Last sale
$16.1M
4 recorded transactions
Zoning & alternative use
RM75 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$9.9M
+22.6%
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
$16,575,000
ML approach
$8,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,925,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$13.79M
Range $12.41M – $15.17M · ±10% · vs last sale $16.10M (Apr 24 2023)
Last sale anchor
$16.10M
Apr 24 2023
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
$1,304 / 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
$150,424
Tax year 2024
Assessed value
$6,055,680
Assessed 2024
Previous assessed
$3,329,280
+81.9% YoY
Effective rate
2.48%
On assessed value
Assessed land
$242,480
Assessed improvement
$5,813,200
Land market value
$606,200
Improvement market value
$14,533,000
Total market value
$15,139,200
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
1964
Heating
NONE
Buildings
7
Stories
2
Units
92
Total area
10,578 SF
Lot
6.19 ac (269,462 SF)
Zoning code
RM75
APN
15 187 05 011
UPID
US22-4735998
Jurisdiction
DE KALB
Zoning & alternative use
RM75 · Decatur, GA
Zoning RM75 · permitted uses
RM75 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$9.9M
INDUSTRIAL (GENERAL)
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
1964
Heating
NONE
Stories
2
Buildings
7
Units
92
Lot
6.19 ac
Current owner
From public records · entity-resolved
Ia 4100 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
7050 W PALMETTO PARK RD #15827, BOCA RATON, FL 33433-3426
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Apr 24, 2023
$16,100,000
Ia 4100 LLC
Netz Decatur Gardens LLC
Limited Warranty Deed
—
Apr 24, 2023
—
Abcd Holdco LLC
Netz Decatur Gardens LLC
Quit Claim Deed
related
—
Jan 7, 2020
—
Netz Decatur Gardens LLC
Pan Est Invs Grp LLC
Quit Claim Deed
related
—
Jan 7, 2020
$8,200,000
Netz Decatur Gardens LLC
Pan Est Invs Grp LLC
Grant Deed
$7,405,000 · Bancorp Bk
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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