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Property profile & analytics
OFF-MARKET
Estimated value
$12,815,000
Garden apartment buildings
50 Mt Zion SW Rd Atlanta, GA 30354-2359
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US22-1920879
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1968
Total area
56,700 SF
Lot
3.76 ac (163,786 SF)
Zoning code
RG2
APN
14 006700050840
UPID
US22-1920879
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
-
The Terraces at Highbury Court Apartment Complex Apartment Building
-
Travelers Aid Society Social Service Agency Charitable Organization
-
Nirvana At Glenrose Apartments Apartment Complex Apartment Building
-
MinePlus5 Productions, LLC Film Production
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.51M
CAP Approach
CAP
$9.62M
Comparable Approach
Comparable
$9.99M
Blend (final)
Blend
$12.82M
Owner & transaction history
Nirvana Glenrose LLC · 4 yrs held
Nirvana Glenrose LLC
since 2021
Last sale
$14.5M
6 recorded transactions
Zoning & alternative use
RG2 · Atlanta, 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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$15,510,000
CAP Approach
CAP Return
Estimation
6%
$10,425,000
6.5%
$9,620,000
7%
$8,935,000
Blend value · Realmo final
$12.82M
Range $11.53M – $14.10M · ±10% · vs last sale $14.48M (Sep 10 2021)
Last sale anchor
$14.48M
Sep 10 2021
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
$226 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$43,323
Tax year 2023
Assessed value
$1,046,440
Assessed 2023
Previous assessed
$1,046,440
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$416,000
Assessed improvement
$630,440
Land market value
$1,040,000
Improvement market value
$1,576,100
Total market value
$2,616,100
Applied tax rate
5.0000
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
1968
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
8
Bathrooms
2
Total area
56,700 SF
Lot
3.76 ac (163,786 SF)
Zoning code
RG2
APN
14 006700050840
UPID
US22-1920879
Jurisdiction
FULTON
Zoning & alternative use
RG2 · Atlanta, GA
Zoning RG2 · permitted uses
RG2 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
8
Bathrooms
2
Lot
3.76 ac
Current owner
From public records · entity-resolved
Nirvana Glenrose LLC
Entity
Mailing address
3279 YORKTOWN DR, ROSWELL, GA 30075-3116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Sep 10, 2021
$14,484,000
Nirvana Glenrose LLC
Zion Equities LLC
Limited Warranty Deed
$12,350,000 · Hgi Commercial Funding I
Feb 7, 2019
—
Zion Equities LLC
—
Grant Deed
related
$5,000,000 · Arbor Realty SR
May 24, 2017
$4,200,000
Zion Equities LLC
Bci Woods LLC
Grant Deed
related
$3,840,000 · Arbor Com'l Fndg I LLC
Apr 26, 2013
—
Bci Woods LLC
Hmb Atlanta I LP
Quit Claim Deed
related
$1,200,000 · Revere High Yield Fund LP
Apr 26, 2013
$1,810,000
Bci Woods LLC
Hmb Atlanta I LP
Grant Deed
—
—
—
Bci Woods LLC
—
Deed Of Trust
related
$2,550,000 · Readycap Com'l LLC
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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