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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Residential income homes
4393 Redgate Rd, Norcross, GA 30093-3313
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-0893001
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 -089
UPID
US22-0893001
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
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$651k
Blend (final)
Blend
$670k
Owner & transaction history
William Nang Thanh Li · 3 yrs held
William Nang Thanh Li
since 2023
Last sale
$675,000
6 recorded transactions
Zoning & alternative use
RM8-MULTI-FAM RES · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+71.7%
Warehouse, storage
$1.1M
+65.0%
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
$735,000
ML approach
$610,000
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
COMMERCIAL (GENERAL)
$1,105,000
Change: +72% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,065,000
Change: +65% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $675k (Mar 31 2023)
Last sale anchor
$675k
Mar 31 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
$140 / 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
$8,931
Tax year 2023
Assessed value
$216,000
Assessed 2023
Previous assessed
$216,000
+0.0% YoY
Effective rate
4.13%
On assessed value
Assessed land
$44,400
Assessed improvement
$171,600
Land market value
$111,000
Improvement market value
$429,000
Total market value
$540,000
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 -089
UPID
US22-0893001
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
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
William Nang Thanh Li
Individual
Mailing address
10609 CLOVERBROOKE DR, POTOMAC, MD 20854-6373
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
$675,000
William Nang Thanh Li
Redgate III LLC
Warranty Deed
—
May 19, 2011
—
Redgate III LLC
Wilson,lawrence A & Jessie L
Quit Claim Deed
related
—
Oct 15, 2010
—
Lawrence A Wilson
Redgate III LLC
Quit Claim Deed
related
$183,500 · J P Morgan Chase Bank
Nov 28, 2005
—
Redgate III LLC
Wilson Lawrence & Jessie Trust
Grant Deed
related
—
Nov 9, 2004
$295,200
Wilson,lawrence & Jessie Trust
Ordonez Carlos Trust
Warranty Deed
$236,160 · Washington Mutual Fsb
May 17, 2004
—
Ordonez,carlos Trust
Ordonez,carlos
Quit Claim 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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