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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Garden apartment buildings
450 Medlock Rd Decatur, GA 30030-1563
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0970315
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1964
Construction
WOOD FRAME
Total area
8,268 SF
Lot
0.74 ac (32,017 SF)
Zoning code
RM75
APN
18 050 13 036
UPID
US22-0970315
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
$2.04M
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.78M
Owner & transaction history
Property Source One Assocs LLC · 5 yrs held
Property Source One Assocs LLC
since 2020
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
RM75 · Decatur, GA
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
$2,000,000
ML approach
$2,035,000
CAP Approach
CAP Return
Estimation
6%
$1,850,000
6.5%
$1,710,000
7%
$1,585,000
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±10% · vs last sale $1.56M (Jul 24 2020)
Last sale anchor
$1.56M
Jul 24 2020
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
$215 / 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
$27,759
Tax year 2024
Assessed value
$625,000
Assessed 2024
Previous assessed
$625,000
+0.0% YoY
Effective rate
4.44%
On assessed value
Assessed land
$139,720
Assessed improvement
$485,280
Land market value
$349,300
Improvement market value
$1,213,200
Total market value
$1,562,500
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
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
2
Units
11
Total area
8,268 SF
Lot
0.74 ac (32,017 SF)
Zoning code
RM75
APN
18 050 13 036
UPID
US22-0970315
Jurisdiction
DE KALB
Zoning & alternative use
RM75 · Decatur, GAZoning RM75 · permitted uses
RM75 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home Page | Decatur GA
Building & site characteristics
From public records
Year built
1964
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
11
Lot
0.74 ac
Current owner
From public records · entity-resolved
Property Source One Assocs LLC
Entity
Free & Clear · 5 yrs held
Mailing address
85 W BATTERY PL, ATLANTA, GA 30342-2441
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Aug 5, 2020
—
Property Source One Assocs LLC
Security Cap R/e Invs Trust
Quit Claim Deed
related
—
Jul 30, 2020
$1,562,500
Saskia Hoppe
Property Source One Assocs LLC
Grant Deed
$1,000,000 · Tandem Bk
May 21, 2020
—
Property Source One Assocs LLC
—
Deed
related
$210,958 · Security Cap R/e Invs Tr (ct)
Feb 21, 2020
—
Property Source One Assocs LLC
—
Deed
related
$105,263 · Security Cap R/e Invs Tr (ct)
Dec 27, 2018
$900,000
Property Source One Assocs LLC
Heege-medlock LLC
Grant Deed
$612,250 · Groundfloor Hldgs Ga LLC
May 21, 2015
—
Heege Medlock LLC
Heege,henry H JR
Quit Claim Deed
related
—
—
—
Property Source One Assocs LLC
—
Loan Modification
related
$210,958 · Security Cap R/e Invs Tr (ct)
—
—
Property Source One Assocs LLC
—
Deed Of Trust
related
$105,263 · Security Cap R/e Invs Tr (ct)
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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