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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Residential income homes
4392 Redgate Rd, Norcross, GA 30093-3328
Entity Owned
1-yr Hold
Property ID
US22-4490208
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1984
Construction
WOOD
Total area
4,800 SF
Lot
0.51 ac (22,216 SF)
Zoning code
RM8-MULTI-FAM RES
APN
6-184 -103
UPID
US22-4490208
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
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$343k
Blend (final)
Blend
$540k
Owner & transaction history
Group 52 LLC · 1 yrs held
Group 52 LLC
since 2024
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
RM8-MULTI-FAM RES · Norcross, 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 Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross 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
$600,000
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$645,000
Current use
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $550k (Sep 26 2023)
Last sale anchor
$550k
Sep 26 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
$113 / 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
$5,317
Tax year 2023
Assessed value
$113,600
Assessed 2023
Previous assessed
$113,600
+0.0% YoY
Effective rate
4.68%
On assessed value
Assessed land
$43,360
Assessed improvement
$70,240
Land market value
$108,400
Improvement market value
$175,600
Total market value
$284,000
Applied tax rate
1.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
2
Units
4
Total area
4,800 SF
Lot
0.51 ac (22,216 SF)
Zoning code
RM8-MULTI-FAM RES
APN
6-184 -103
UPID
US22-4490208
Jurisdiction
GWINNETT
Zoning & alternative use
RM8-MULTI-FAM RES · Norcross, GA
Zoning RM8-MULTI-FAM RES · permitted uses
RM8-MULTI-FAM RES · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$645,000
APARTMENT HOUSE (5+ UNITS) Current
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
1984
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Lot
0.51 ac
Current owner
From public records · entity-resolved
Group 52 LLC
Entity
Mailing address
4392 REDGATE RD, NORCROSS, GA 30093-3328
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2024
—
Group 52 LLC
Arash Yavari
Quit Claim Deed
related
—
Sep 26, 2023
$550,000
Arash Yavari
Ra Capital Group LLC
Warranty Deed
$412,500 · Everett Financial
Nov 19, 2018
$12,000
Ra Capital Group LLC
Mortazavi,ali
Warranty Deed
related
—
Jul 3, 2018
$415,000
Ali Mortazavi
Adcip LLC
Grant Deed
$300,000 · United Wholesale Mtg
Jun 5, 2012
$77,000
Adcip LLC
Builders Of Hope INC
Grant Deed
—
May 22, 2012
$82,000
Builders Of Hope INC
Wells Fargo Bk 2002-bc6
Grant Deed
—
Apr 3, 2012
—
Fargo Series 2002-bc6 Wells
Stevens,louise E
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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