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Property profile & analytics
OFF-MARKET
Estimated value
$17,805,000
Garden apartment buildings
5130th E Ponce De Leon Ave, Stone Mountain, GA 30083-1238
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0426106
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1987
Total area
21,653 SF
Lot
29.94 ac (1,304,186 SF)
Zoning code
RM100
APN
18 140 01 068
UPID
US22-0426106
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.93M
Blend (final)
Blend
$17.81M
Owner & transaction history
Pointe Atlanta Apartments LP · 12 yrs held
Pointe Atlanta Apartments LP
since 2014
7 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
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
$17.81M
Range $16.02M – $19.59M · ±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
$822 / 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
$828,664
Tax year 2024
Assessed value
$18,227,200
Assessed 2024
Previous assessed
$18,227,200
+0.0% YoY
Effective rate
4.55%
On assessed value
Assessed land
$2,004,992
Assessed improvement
$16,222,208
Land market value
$5,012,480
Improvement market value
$40,555,520
Total market value
$45,568,000
Applied tax rate
90.0000
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
1987
Heating
NONE
Cooling
YES
Buildings
20
Stories
2
Units
360
Total area
21,653 SF
Lot
29.94 ac (1,304,186 SF)
Zoning code
RM100
APN
18 140 01 068
UPID
US22-0426106
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
1987
Heating
NONE
Cooling
Yes
Stories
2
Buildings
20
Units
360
Lot
29.94 ac
Current owner
From public records · entity-resolved
Pointe Atlanta Apartments LP
Entity
Mailing address
2431 ATLANTIC AVE #1, MANASQUAN, NJ 08736-1014
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
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2014
—
Pointe Atlanta Apartments LP
Tp Stone Mountain Investco LLC
Quit Claim Deed
related
$10,000,000 · Bancorp Bk
Mar 3, 2014
$13,900,000
Atlanta Apartments LP Pointe
Tp Stone Mountain Investco LLC
Grant Deed
—
Jul 16, 2012
$7,575,000
Tp Stone Mountain Investco LLC
Wells Fargo Bk 2005-m1b1
Grant Deed
$5,200,000 · First Southern National Bank
Sep 1, 2009
$15,250,000
Wells,fargo N Tr
Post Pointe Atlanta LLC
Grant Deed
—
Jan 16, 2008
—
Post Pointe Atlanta LLC
Donald Herbers Pointe LLC
Grant Deed
related
—
Aug 29, 2005
$100,000
Tierneys Pointe LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$214,600
Liems Pointe LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$302,500
K Wisemans Pointe LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$180,000
Baums Pointe Apts
Post Pointe Atla LLC
Warranty Deed
—
Aug 29, 2005
$657,000
Davis Pointe Apartments LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$608,000
Groshongs Pointe LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$290,000
Trevers Pointe Apts LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$67,500
Rains Pointe I LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$767,000
Perrys Pointe LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$600,000
Lewis Pointe LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$297,000
Tappes Pointe LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$529,000
Fistels Pointe LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$120,000
Firsts Pointe LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$246,000
Tanaceas Pointe LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$270,000
Berrys Pointe LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$112,500
Sabans Pointe LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 29, 2005
$320,000
Hartvicksons Pointe LLC
Post Pointe Atl LLC
Warranty Deed
—
Aug 4, 2005
$17,900,000
Post Pointe Atlanta LLC
Blue Valley Apartments INC
Grant Deed
$15,250,000 · Ixis Real Estate Capital INC
Sep 27, 2004
—
Blue Vly Apts INC
Mae,fannie
Grant Deed
related
—
Mar 4, 2004
$18,455,000
Fannie Mae
G I Pointe Investments Ltd
Trustees Deed
related
—
—
—
Pointe Atlanta Apartments LP
—
Deed Of Trust
related
$18,000,000 · Greystone Svcng Corp
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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