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Property profile & analytics
OFF-MARKET
Estimated value
$29,285,000
Garden apartment buildings
4705 Vlg SE Way Smyrna, GA 30080-9320
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2438318
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2012
Total area
307,837 SF
Lot
3.43 ac (149,372 SF)
Zoning code
PVC
APN
17076401090
UPID
US22-2438318
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
-
West Village Apartment Building
-
5 Stars Pressure Washing Hardware & Home Improvement
-
Side Equity Corporate Office
-
Authentic auto detailing LLC Car Wash
-
CORE Advisory & Consulting Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$30.06M
Blend (final)
Blend
$29.29M
Owner & transaction history
Mid-america Apartments LP · 11 yrs held
Mid-america Apartments LP
since 2014
3 recorded transactions
Zoning & alternative use
PVC · Smyrna, 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 Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$29.29M
Range $26.36M – $32.21M · ±10%
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
$95 / 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
$499,284
Tax year 2024
Assessed value
$16,560,000
Assessed 2024
Previous assessed
$16,560,000
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$2,124,040
Assessed improvement
$14,435,960
Land market value
$5,310,100
Improvement market value
$36,089,900
Total market value
$41,400,000
Applied tax rate
9.0000
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
2012
Heating
NONE
Buildings
2
Units
188
Total area
307,837 SF
Lot
3.43 ac (149,372 SF)
Zoning code
PVC
APN
17076401090
UPID
US22-2438318
Jurisdiction
COBB
Zoning & alternative use
PVC · Smyrna, GAZoning PVC · permitted uses
PVC · Smyrna, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2012
Heating
NONE
Buildings
2
Units
188
Lot
3.43 ac
Current owner
From public records · entity-resolved
Mid-america Apartments LP
Entity
Mailing address
6815 POPLAR AVE STE #500, MEMPHIS, TN 38138-0612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2014
$35,985,000
Mid-america Apartments LP
Vinings Invs Phase II LP
Grant Deed
—
Oct 3, 2011
—
Vinings Invs Phase II LLC
—
Deed Of Trust
related
$21,270,000 · Fifth Third Bank
May 3, 2011
—
Vinings Invs Phase II LLC
—
Trustees Deed
related
$6,000,000 · Dh Holdings LP
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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