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Property profile & analytics
OFF-MARKET
Estimated value
$23,760,000
Garden apartment buildings
4565 Covington Hwy Decatur, GA 30035-1213
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-0435685
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Total area
12,024 SF
Lot
18.15 ac (790,614 SF)
Zoning code
RM100
APN
15 190 01 087
UPID
US22-0435685
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
-
Kislev Golden Gate Apartment Complex
-
Rockwell Pointe Apartments Apartment Complex Condominium Complex
-
KRC Ridge Apartment Homes Apartment Complex
-
Rockwell Pointe Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$23.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.33M
Blend (final)
Blend
$23.76M
Owner & transaction history
Kislev Golden Gate LLC · 2 yrs held
Kislev Golden Gate LLC
since 2024
Last sale
$23.8M
4 recorded transactions
Zoning & alternative use
RM100 · Decatur, 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 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
$23,760,000
ML approach
$23,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$23.76M
Range $21.38M – $26.14M · ±10% · vs last sale $23.76M (Apr 10 2024)
Last sale anchor
$23.76M
Apr 10 2024
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
$1,976 / 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
$418,383
Tax year 2024
Assessed value
$9,309,200
Assessed 2024
Previous assessed
$9,309,200
+0.0% YoY
Effective rate
4.49%
On assessed value
Assessed land
$633,360
Assessed improvement
$8,675,840
Land market value
$1,583,400
Improvement market value
$21,689,600
Total market value
$23,273,000
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
1973
Heating
NONE
Cooling
YES
Buildings
29
Stories
2
Units
216
Total area
12,024 SF
Lot
18.15 ac (790,614 SF)
Zoning code
RM100
APN
15 190 01 087
UPID
US22-0435685
Jurisdiction
DE KALB
Zoning & alternative use
RM100 · Decatur, GA
Zoning RM100 · permitted uses
RM100 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Cooling
Yes
Stories
2
Buildings
29
Units
216
Lot
18.15 ac
Current owner
From public records · entity-resolved
Kislev Golden Gate LLC
Entity
Mailing address
4565 COVINGTON HWY, DECATUR, GA 30035-1213
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2024
$23,760,000
Kislev Golden Gate LLC
Atl21cov Owner LLC
Warranty Deed
$24,312,500 · Dbf Spe III
Feb 3, 2022
$25,750,000
Atlcov Owner LLC
Krc Ridge LLC
Limited Warranty Deed
$22,812,500 · Dbf Spe IV
Jan 27, 2012
$4,900,000
Marquise Ridge LLC
First Sthrn Natl Bk
Grant Deed
$3,635,000 · Privatebank & Tr
Sep 9, 2010
$4,200,000
Sthrn Natl Bk First
Mpi Covington Walk LLC
Trustees Deed
—
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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