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Property profile & analytics
OFF-MARKET
Estimated value
$21,320,000
High-rise multifamily apartments
5651 Brk Holw Pkwy Norcross, GA 30071-3526
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0798952
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1973
Construction
WOOD
Total area
25,728 SF
Lot
27.24 ac (1,186,574 SF)
Zoning code
RM-MULTI-FAMILY RESIDENCE
APN
6-214 -044
UPID
US22-0798952
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
-
KRC Hilltops Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.32M
Owner & transaction history
Westdale Magnolia Hills Ltd · 21 yrs held
Westdale Magnolia Hills Ltd
since 2005
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$829 / 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
$475,080
Tax year 2023
Assessed value
$14,800,000
Assessed 2023
Previous assessed
$14,800,000
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$3,797,040
Assessed improvement
$11,002,960
Land market value
$9,492,600
Improvement market value
$27,507,400
Total market value
$37,000,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
13
Stories
2
Total area
25,728 SF
Lot
27.24 ac (1,186,574 SF)
Zoning code
RM-MULTI-FAMILY RESIDENCE
APN
6-214 -044
UPID
US22-0798952
Jurisdiction
GWINNETT
Zoning & alternative use
RM-MULTI-FAMILY RESIDENCE · Norcross, GAZoning 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
Building & site characteristics
From public records
Year built
1973
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
13
Lot
27.24 ac
Current owner
From public records · entity-resolved
Westdale Magnolia Hills Ltd
Individual
Mailing address
111 BROADWAY RM #1703, NEW YORK, NY 10006-1914
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2005
$12,903,400
Westdale Magnolia Hills Ltd
Stdale Properties America I
Grant Deed
related
$10,950,000 · Amegy National Bank Assn
Apr 7, 2005
$12,903,400
Properties America I Lt Westdale
Magnolia Hills LLC
Trustees Deed
—
—
—
Westdale Magnolia Hills Ltd
—
Deed Of Trust
related
$12,800,000 · Lehman Brothers Bank Fsb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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