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Property profile & analytics
OFF-MARKET
Estimated value
$7,295,000
Garden apartment buildings
481 Hambrick Rd Stone Mountain, GA 30083-4287
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1782082
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1984
Total area
2,989 SF
Lot
4.34 ac (189,050 SF)
Zoning code
RM100
APN
18 041 01 084
UPID
US22-1782082
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
-
Ashgrove Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.46M
Blend (final)
Blend
$7.30M
Owner & transaction history
Ashgrove Investments LLC · 4 yrs held
Ashgrove Investments LLC
since 2022
Last sale
$7.2M
6 recorded transactions
Zoning & alternative use
RM100 · Stone Mountain, 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 Stone Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stone Mountain 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
$7,375,000
ML approach
$7,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.30M
Range $6.57M – $8.02M · ±10% · vs last sale $7.20M (May 6 2022)
Last sale anchor
$7.20M
May 6 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
$2,441 / 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
$95,496
Tax year 2024
Assessed value
$2,123,960
Assessed 2024
Previous assessed
$1,460,000
+45.5% YoY
Effective rate
4.50%
On assessed value
Assessed land
$240,000
Assessed improvement
$1,883,960
Land market value
$600,000
Improvement market value
$4,709,900
Total market value
$5,309,900
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
1984
Heating
NONE
Cooling
YES
Buildings
10
Stories
1
Units
50
Total area
2,989 SF
Lot
4.34 ac (189,050 SF)
Zoning code
RM100
APN
18 041 01 084
UPID
US22-1782082
Jurisdiction
DE KALB
Zoning & alternative use
RM100 · Stone Mountain, GA
Zoning RM100 · permitted uses
RM100 · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stone Mountain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Cooling
Yes
Stories
1
Buildings
10
Units
50
Lot
4.34 ac
Current owner
From public records · entity-resolved
Ashgrove Investments LLC
Entity
Mailing address
777 BRICKELL AVE STE #1210, MIAMI, FL 33131-2867
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
May 6, 2022
$7,200,000
Ashgrove Investments LLC
Ashgrove Holdings LLC
Warranty Deed
$4,000,000 · Assets And Equity
Sep 16, 2019
—
Ashgrove Apartments LLC
Quantum Natl Bk
Quit Claim Deed
related
—
Sep 16, 2019
$4,876,000
Ashgrove Holdings LLC
Ashgrove Apartments LLC
Grant Deed
related
$3,480,000 · Rialto Mtg Fin
Apr 7, 2017
$2,653,700
Ashgrove Apartments LLC
Vcp Cardinals Atlanta LLC
Grant Deed
—
Apr 7, 2017
—
Ashgrove Apartments LLC
Vcp Cardinals Atlanta LLC
Quit Claim Deed
related
—
Oct 23, 2014
—
Vcp Cardinals Atlanta LLC
Hph Fund I Dii LLC
Quit Claim 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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