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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Residential income homes
5381 Century Trce, Norcross, GA 30093-5693
Individually Owned
14-yr Hold
Absentee Owner
Property ID
US22-4297624
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1982
Construction
WOOD
Total area
4,928 SF
Lot
0.5 ac (21,780 SF)
Zoning code
RM-MULTI-FAMILY RESIDENCE
APN
6-172 -356
UPID
US22-4297624
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
$577k
Blend (final)
Blend
$500k
Owner & transaction history
Michael A Gross · 14 yrs held
Michael A Gross
since 2012
7 recorded transactions
Zoning & alternative use
RM-MULTI-FAMILY RESIDENCE · Norcross, 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 Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross 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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$660,000
Current use
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$101 / 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
$8,044
Tax year 2023
Assessed value
$191,200
Assessed 2023
Previous assessed
$191,200
+0.0% YoY
Effective rate
4.21%
On assessed value
Assessed land
$66,800
Assessed improvement
$124,400
Land market value
$167,000
Improvement market value
$311,000
Total market value
$478,000
Applied tax rate
1.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
2
Units
4
Total area
4,928 SF
Lot
0.5 ac (21,780 SF)
Zoning code
RM-MULTI-FAMILY RESIDENCE
APN
6-172 -356
UPID
US22-4297624
Jurisdiction
GWINNETT
Zoning & alternative use
RM-MULTI-FAMILY RESIDENCE · Norcross, GA
Zoning RM-MULTI-FAMILY RESIDENCE · permitted uses
RM-MULTI-FAMILY RESIDENCE · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$660,000
APARTMENT HOUSE (5+ UNITS) Current
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
1982
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Lot
0.5 ac
Current owner
From public records · entity-resolved
Michael A Gross
Individual
Mailing address
2535 FLAIR KNL CT NE, ATLANTA, GA 30345-1311
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2012
$124,900
Michael A Gross
Wells Fargo Bk NA
Grant Deed
$87,430 · Fidelity Bank Mortgage
May 31, 2011
$102,896
Fargo Bk NA Wells
Floyd,garry W
Trustees Deed
related
—
Jul 1, 2009
$172,500
Garry W Floyd
Bear Stearns Series 2005-ac8
Deed
$169,375 · Wells Fargo Bk NA
Jun 26, 2009
$172,500
Garry W Floyd
Us Bank National Associati
Grant Deed
—
Mar 27, 2009
$288,991
Bear Stearns Series 2005-ac8
Davis,daman D
Trustees Deed
related
—
Mar 3, 2009
$288,992
Us Bank National Association
Davis,daman D
Grant Deed
related
—
Sep 9, 2005
$321,000
Daman D Davis
Chambers,christine D
Warranty Deed
$256,800 · Franklin Financial
—
—
Garry W Floyd
—
Deed Of Trust
related
$169,375 · Wells Fargo Bank
—
—
Christine D Chambers
—
Deed Of Trust
related
$202,500 · Sunshine Mortgage 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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