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Property profile & analytics
OFF-MARKET
Estimated value
$25,835,000
High-rise multifamily apartments
4694 Cowan Rd Acworth, GA 30101
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1272570
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1986
Total area
156,945 SF
Lot
18.03 ac (785,474 SF)
Zoning code
RM-8
APN
20002900250
UPID
US22-1272570
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
-
Villas at Acworth Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$32.44M
Comparable Approach
Comparable
$35.21M
Blend (final)
Blend
$25.84M
Owner & transaction history
Lake Acworth LLC · 2 yrs held
Lake Acworth LLC
since 2023
Last sale
$25.0M
6 recorded transactions
Zoning & alternative use
RM-8 · Acworth, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$38.6M
+14.9%
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 Acworth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Acworth 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
$23,240,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,140,000
6.5%
$32,435,000
7%
$30,120,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$33,545,000
Current use
MEDICAL BUILDING
$38,550,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$32,525,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$31,235,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$30,750,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$25.84M
Range $23.25M – $28.42M · ±10% · vs last sale $25.00M (Nov 1 2023)
Last sale anchor
$25.00M
Nov 1 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
$165 / 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
$231,552
Tax year 2024
Assessed value
$7,680,000
Assessed 2024
Previous assessed
$8,496,720
-9.6% YoY
Effective rate
3.02%
On assessed value
Assessed land
$3,145,036
Assessed improvement
$4,534,964
Land market value
$7,862,590
Improvement market value
$11,337,410
Total market value
$19,200,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1986
Heating
NONE
Buildings
9
Units
216
Total area
156,945 SF
Lot
18.03 ac (785,474 SF)
Zoning code
RM-8
APN
20002900250
UPID
US22-1272570
Jurisdiction
COBB
Zoning & alternative use
RM-8 · Acworth, GA
Zoning RM-8 · permitted uses
RM-8 · Acworth, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Acworth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$33.5M
MEDICAL BUILDING
Est. value
$38.6M
RETAIL STORES
Est. value
$32.5M
AUTO REPAIR, GARAGE
Est. value
$31.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.8M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Heating
NONE
Buildings
9
Units
216
Lot
18.03 ac
Current owner
From public records · entity-resolved
Lake Acworth LLC
Entity
Mailing address
750 B ST SE STE #1940, SAN DIEGO, CA 92101-8122
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Nov 1, 2023
$25,000,000
Lake Acworth LLC
Gazebo Park Mf Ventures LLC
Limited Warranty Deed
—
Oct 1, 2019
—
Gazebo Park Mf Ventures LLC
—
Grant Deed
related
$18,060,000 · Bellwether Ent R/e Cap
Oct 24, 2017
$16,000,000
Gazebo Park Mf Ventures LLC
Gazebo Park Apartments Of Acworth
Quit Claim Deed
related
$13,784,000 · Greystone Svcg
Jun 11, 2007
$5,800,000
Gazebo Park Apts Of Acworth LLC
Park Bridgeacworth LLC
Warranty Deed
$5,800,000 · Union Capital Investments INC
Apr 30, 2007
$5,800,000
Park Apartments Od Acwo Carebo
Park Bridge Acworth LLC
Grant Deed
related
—
Jan 5, 2007
—
Park Bridge Acworth LLC
Ndc Center Of Affordable Solutio
Grant 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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