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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Garden apartment buildings
550 Gresham Park Dr 2, Marietta, GA 30062-3999
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US22-0675365
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Total area
4,984 SF
Lot
0.05 ac (2,047 SF)
Zoning code
R-20
APN
16109700390
UPID
US22-0675365
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
$675k
Blend (final)
Blend
$580k
Owner & transaction history
Gresham Rentals LLC
Gresham Rentals LLC
since 2026
7 recorded transactions
Zoning & alternative use
R-20 · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$945,000
+23.8%
Office building
$875,000
+14.7%
Auto repair, garage
$865,000
+13.4%
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 Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta 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)
$765,000
Current use
COMMERCIAL (GENERAL)
$945,000
Change: +24% · Conversion: Moderate
OFFICE BUILDING
$875,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$865,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$116 / 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
$6,510
Tax year 2024
Assessed value
$215,920
Assessed 2024
Previous assessed
$215,720
+0.1% YoY
Effective rate
3.02%
On assessed value
Assessed land
$8,516
Assessed improvement
$207,404
Land market value
$21,290
Improvement market value
$518,510
Total market value
$539,800
Applied tax rate
9.0000
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
1970
Heating
NONE
Stories
2
Units
6
Total area
4,984 SF
Lot
0.05 ac (2,047 SF)
Zoning code
R-20
APN
16109700390
UPID
US22-0675365
Jurisdiction
COBB
Zoning & alternative use
R-20 · Marietta, GA
Zoning R-20 · permitted uses
R-20 · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$945,000
OFFICE BUILDING
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$865,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1970
Heating
NONE
Stories
2
Units
6
Lot
0.05 ac
Current owner
From public records · entity-resolved
Gresham Rentals LLC
Entity
Mailing address
133 37TH 127TH ST, QUEENS, NY 11420
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2026
$570,000
Gresham Rentals LLC
Silvion Ramsundar
Deed
$510,000 · Silvion Ramsundar
Mar 20, 2018
—
Newhill LLC
Ramsundar,silvion
Grant Deed
related
$80,000 · Newhill LLC
Jun 20, 2016
$650,000
Silvion Ramsundar
Keodouangdy,somphone & Vanthong
Warranty Deed
—
Jun 5, 2009
$200,000
Bb
Element Properties LLC
Trustees Deed
related
—
May 5, 2009
$200,000
Branch Banking And Trust Co
Eminent Properties LLC
Grant Deed
related
—
Feb 21, 2007
—
Eminent Properties LLC
Rudolph,lee E JR
Warranty Deed
—
—
—
Silvion Ramsundar
—
Deed Of Trust
related
$80,000 · Newhill 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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