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Property profile & analytics
OFF-MARKET
Estimated value
$18,205,000
Garden apartment buildings
445 Cleveland SE Ave Atlanta, GA 30354-2200
Entity Owned
4-yr Hold
Property ID
US22-1547010
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
56,032 SF
Lot
16.7 ac (727,452 SF)
Zoning code
RG2
APN
14 0036 LL1677
UPID
US22-1547010
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
-
Baptiste Clemons Apartment Complex
-
Streetz Demand Apparel llc Custom T-Shirt Store
-
445 Cleveland Real Estate Agency
-
Mark Brooks Foster Care Service Social Service Agency
-
Herculean's Shyne Janitorial llc Commercial Cleaning Service House Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$16.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.95M
Blend (final)
Blend
$18.21M
Owner & transaction history
445 Cleveland LLC · 4 yrs held
445 Cleveland LLC
since 2022
Last sale
$25.0M
6 recorded transactions
Zoning & alternative use
RG2 · Atlanta, 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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$16,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.21M
Range $16.38M – $20.03M · ±10% · vs last sale $25.00M (Feb 25 2022)
Last sale anchor
$25.00M
Feb 25 2022
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
$325 / 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
$64,862
Tax year 2023
Assessed value
$1,566,720
Assessed 2023
Previous assessed
$1,566,720
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$653,440
Assessed improvement
$913,280
Land market value
$1,633,600
Improvement market value
$2,283,200
Total market value
$3,916,800
Applied tax rate
5.0000
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
1971
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
9
Stories
1
Units
16
Bathrooms
7
Total area
56,032 SF
Lot
16.7 ac (727,452 SF)
Zoning code
RG2
APN
14 0036 LL1677
UPID
US22-1547010
Jurisdiction
FULTON
Zoning & alternative use
RG2 · Atlanta, GA
Zoning RG2 · permitted uses
RG2 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
9
Units
16
Bathrooms
7
Lot
16.7 ac
Current owner
From public records · entity-resolved
445 Cleveland LLC
Entity
Mailing address
4488 N SHALLOWFORD RD STE #201, ATLANTA, GA 30338-6409
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
$25,000,000
445 Cleveland LLC
445 Cleveland Avenue Se Atlanta LLC
Limited Warranty Deed
$21,000,000 · Spt Real Estate Capital
Dec 29, 2020
$13,800,000
445 Cleveland Ave Se Atlanta L
Golf Vista Apartments LLC
Grant Deed
—
Aug 25, 2020
—
Golf Vista Apartments LLC
—
Deed Of Trust
related
$825,000 · Quickliquidity Xxi LLC
Sep 22, 2011
—
Golf Vista Apartments LLC
Evergreen Village Apartments L
Quit Claim Deed
related
$2,500,000 · Bank Of Internet USA
Jan 8, 2007
—
Evergreen Village Apartments L
Evergreen Village Estates
Foreclosure
related
$4,740,000 · Intervest Nat'l Bk
—
—
Golf Vista Apartments LLC
—
Deed Of Trust
related
$5,000,000 · Cbre Cap Markets
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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