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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Garden apartment buildings
516 Holderness SW St Atlanta, GA 30310-1700
Individually Owned
~
Est. High Equity
Property ID
US22-1106387
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
4,125 SF
Lot
0.19 ac (8,233 SF)
Zoning code
R5
APN
14 011700040668
UPID
US22-1106387
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
$700k
Comparable Approach
Comparable
$844k
Blend (final)
Blend
$790k
Owner & transaction history
Max Lorenville
Max Lorenville
since 2025
Last sale
$810,000
7 recorded transactions
Zoning & alternative use
R5 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+41.9%
Neighborhood: shopping center
$1.1M
+37.4%
Medical building
$1.1M
+37.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$815,000
Current use
COMMERCIAL (GENERAL)
$1,160,000
Change: +42% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,125,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$1,120,000
Change: +37% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,045,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$965,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $810k (Jul 15 2025)
Last sale anchor
$810k
Jul 15 2025
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
$192 / 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
Assessed value
$122,960
Assessed 2023
Previous assessed
$260,800
-52.9% YoY
Assessed land
$25,000
Assessed improvement
$97,960
Land market value
$62,500
Improvement market value
$244,900
Total market value
$307,400
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
1960
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
5
Bathrooms
1
Total area
4,125 SF
Lot
0.19 ac (8,233 SF)
Zoning code
R5
APN
14 011700040668
UPID
US22-1106387
Jurisdiction
FULTON
Zoning & alternative use
R5 · Atlanta, GA
Zoning R5 · permitted uses
R5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$965,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1960
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
5
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Max Lorenville
Individual
Mailing address
308 HOLDERNESS ST SW, ATLANTA, GA 30310-1306
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
$810,000
Max Lorenville
516 Holderness LLC
Warranty Deed
$35,000 · 516 Holderness
Aug 14, 2024
—
516 Holderness LLC
—
Deed
related
$81,868 · 3047196 Roth Ira
Mar 29, 2023
—
516 Holderness LLC
—
Deed
related
$725,037 · Advantage Ira Services Fbo
Feb 25, 2022
—
516 Holderness LLC
—
Deed
related
$675,000 · Finance Of America Mortgage
Apr 19, 2021
$670,000
516 Holderness LLC
David W Yeager
Warranty Deed
$600,000 · Seitz Kenneth J Trustee
Jul 26, 2018
—
David W Yeager
Yeager,telisa D
Quit Claim Deed
related
—
Jan 31, 2007
$230,000
Anthony Porter
Yeager,telisa D
Grant Deed
—
May 13, 2005
—
Yeager,telisa D
Yeager,david W
Quit Claim Deed
related
$130,000 · American Tr Bk
—
—
David W Yeager
—
Deed Of Trust
related
$91,498 · American Trust Bank
—
—
David W Yeager
—
Deed Of Trust
related
$88,350 · American Trust Bank
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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