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Property profile & analytics
OFF-MARKET
Estimated value
$24,560,000
High-rise multifamily apartments
575 Riverside Pkwy Austell, GA 30168-7236
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1758259
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1988
Total area
192,776 SF
Lot
16.35 ac (712,075 SF)
Zoning code
RM-12
APN
18059100020
UPID
US22-1758259
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
-
Hunter's Grove Apartments Apartment Complex
-
Five 7 Five Riverside Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$31.59M
Blend (final)
Blend
$24.56M
Owner & transaction history
Mmre Management Patriot Place LLC · 4 yrs held
Mmre Management Patriot Place LLC
since 2022
Last sale
$25.1M
3 recorded transactions
Zoning & alternative use
RM-12 · Austell, 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 Austell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austell 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
$26,515,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$38,365,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$37,775,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$24.56M
Range $22.10M – $27.02M · ±10% · vs last sale $25.14M (Jan 7 2022)
Last sale anchor
$25.14M
Jan 7 2022
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
$127 / 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
$235,563
Tax year 2024
Assessed value
$7,000,400
Assessed 2024
Previous assessed
$10,555,920
-33.7% YoY
Effective rate
3.36%
On assessed value
Assessed land
$937,024
Assessed improvement
$6,063,376
Land market value
$2,342,560
Improvement market value
$15,158,440
Total market value
$17,501,000
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
1988
Heating
NONE
Buildings
5
Units
200
Total area
192,776 SF
Lot
16.35 ac (712,075 SF)
Zoning code
RM-12
APN
18059100020
UPID
US22-1758259
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Austell, GA
Zoning RM-12 · permitted uses
RM-12 · Austell, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Austell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$38.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$37.8M
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1988
Heating
NONE
Buildings
5
Units
200
Lot
16.35 ac
Current owner
From public records · entity-resolved
Mmre Management Patriot Place LLC
Entity
Mailing address
135 ROCKAWAY TPKE #105, LAWRENCE, NY 11559-1031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jan 7, 2022
$25,142,900
Mmre Management Patriot Place LLC
Lexington Austell Investors LLC
Limited Warranty Deed
$24,805,593 · Capital Funding
Nov 19, 2019
—
Lexington Austell LLC
Trinity-hunters Grove LLC
Quit Claim Deed
related
—
Nov 19, 2019
$14,898,000
Lexington Austell LLC
Trinity-hunters Grove LLC
Grant Deed
—
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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