Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,260,000
Garden apartment buildings
5738 Old Dixie Hwy Forest Park, GA 30297-2964
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0966554
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Total area
156 SF
Lot
14 ac (609,666 SF)
Zoning code
RM
APN
13-110A- C-001
UPID
US22-0966554
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
-
Touch Of Water Healing Ministries Alternative Medicine Practice Spa & Massage Center
-
Veracruz Apartment Homes Apartment Complex Apartment Building
-
MR. TEE HOME IMPROVEMENT AND APARTMENT REHAB LLC. General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.26M
Owner & transaction history
Veracruz Investment Group LLC · 10 yrs held
Veracruz Investment Group LLC
since 2015
7 recorded transactions
Zoning & alternative use
RM · Forest Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the RM district is to allow the development of multiple family residences served by public water and sewer systems
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
201.61 ac
Source
Realmo
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 Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Park 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
$59,359 / 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
$148,246
Tax year 2024
Assessed value
$3,800,000
Assessed 2024
Previous assessed
$3,800,000
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$265,000
Assessed improvement
$3,535,000
Land market value
$662,500
Improvement market value
$8,837,500
Total market value
$9,500,000
Applied tax rate
8.0000
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
1972
Heating
NONE
Total area
156 SF
Lot
14 ac (609,666 SF)
Zoning code
RM
APN
13-110A- C-001
UPID
US22-0966554
Jurisdiction
CLAYTON
Zoning & alternative use
RM · Forest Park, GAZoning RM · permitted uses
RM · Forest Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the RM district is to allow the development of multiple family residences served by public water and sewer systems
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
201.61 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Lot
14 ac
Current owner
From public records · entity-resolved
Veracruz Investment Group LLC
Entity
Free & Clear · 10 yrs held
Mailing address
4079 GOVERNOR DR #168, SAN DIEGO, CA 92122-2522
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Mar 14, 2023
—
Veracruz Investment Group LLC
—
Deed
related
$9,055,000 · Newpoint Real Estate Capital
May 17, 2018
—
Veracruz Investment Group LLC
—
Deed
related
$5,100,000 · Arbor Agcy Lndg LLC
Dec 4, 2017
—
Veracruz Investment Group LLC
—
Trustees Deed
related
$3,145,000 · Real Est Acquisition & Dev LLC
Dec 28, 2015
$4,192,000
Veracruz Investment Group LLC
5738 Old Dixie LLC
Grant Deed
—
Dec 21, 2012
—
5738 Old Dixie LLC
Brentwood Holdings 2011-1 LLC
Quit Claim Deed
related
$1,350,000 · Weiss Props INC Empl P/tr (ct)
Dec 21, 2012
$2,700,000
5738 Old Dixie LLC
Brentwood Holdings 2011-1 LLC
Grant Deed
—
Nov 14, 2011
—
Brentwood Holdings 2011-1 LLC
5738 Old Dixie Highway Holding
Quit Claim Deed
related
$1,200,000 · Fields-realty LLC
Nov 14, 2011
$1,525,000
Brentwood Holdings 2011-1 LLC
5738 Old Dixie Highway Holding
Grant Deed
related
—
May 6, 2011
$1,300,000
Old Dixie Highway Holdin 5738
Us Bank NA Series 1997-c1
Trustees Deed
—
—
—
Veracruz Investment Group LLC
—
Deed Of Trust
related
$5,100,000 · Arbor Agcy Lndg 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5738 Old Dixie Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
