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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Garden apartment buildings
4241 Hendrix Dr Forest Park, GA 30297-1266
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0632753
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1968
Total area
105 SF
Lot
9.68 ac (421,661 SF)
Zoning code
RM
APN
13-019B- F-010
UPID
US22-0632753
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
-
Desean towing Waste Management Facility Recycling Center
-
Maple Lake Apartments Apartment Building
-
Maple Lake Townhomes Apartment Building
-
4th Generation Adams LLC Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Maple Lakes Sv LP · 4 yrs held
Maple Lakes Sv LP
since 2022
7 recorded transactions
Zoning & alternative use
RM · Forest Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the RM district is to allow the development of multiple family residences served by public water and sewer systems
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
201.61 ac
Source
Realmo
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 Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest 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
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$5,952 / 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
$93,350
Tax year 2024
Assessed value
$141,360
Assessed 2024
Previous assessed
$141,360
+0.0% YoY
Effective rate
66.04%
On assessed value
Assessed land
$141,360
Assessed improvement
$2,251,486
Land market value
$353,400
Improvement market value
$5,628,716
Total market value
$5,982,116
Applied tax rate
8.0000
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
1968
Heating
NONE
Total area
105 SF
Lot
9.68 ac (421,661 SF)
Zoning code
RM
APN
13-019B- F-010
UPID
US22-0632753
Jurisdiction
CLAYTON
Zoning & alternative use
RM · Forest Park, GAZoning RM · permitted uses
RM · Forest Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the RM district is to allow the development of multiple family residences served by public water and sewer systems
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
201.61 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1968
Heating
NONE
Lot
9.68 ac
Current owner
From public records · entity-resolved
Maple Lakes Sv LP
Entity
Mailing address
311 BLVD OF AMERICAS STE #208, LAKEWOOD, NJ 08701-4959
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
—
Maple Lakes Sv LP
Scc Delta Victory Lake Holdings LP
Warranty Deed
—
Jul 7, 2022
$11,232,000
Maple Lakes Sv LP
Scc Delta Victory Lake Holdings LP
Warranty Deed
—
Jan 29, 2021
$7,020,000
Scc Delta Victory Lake Holdings LP
Lotus Lake Grp LLC
Limited Warranty Deed
$6,308,000 · Delaware Life Insurance
Apr 11, 2017
—
Lotus Lake Grp LLC
—
Deed
related
$2,675,000 · Red Mortgage Capital
Dec 29, 2015
$2,350,000
Lotus Lake Group LLC
Delta Victory Lakes Apartments
Grant Deed
$5,425,000 · * Other Institutional Lenders
Oct 12, 2010
$940,000
Delta Victory Lakes Apartments
Hays Financial Consulting LLC
Grant Deed
—
—
—
Lotus Lake Group LLC
—
Loan Modification
related
$3,525,000 · Private Individual
—
—
Victory Lake LLC
—
Deed Of Trust
related
$2,900,000 · Nomura Credit & Cap
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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