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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Garden apartment buildings
5816 Covington Hwy Decatur, GA 30035-3718
Entity Owned
8-yr Hold
Free & Clear
Property ID
US22-1259243
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1989
Total area
7,110 SF
Lot
9.27 ac (403,714 SF)
Zoning code
RCD
APN
16 026 02 081
UPID
US22-1259243
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
-
Covington Glen Apartments Apartment Complex Apartment Building
-
Jessy Self Storage Unit Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.29M
Owner & transaction history
Covington Glen Holdings LLC · 8 yrs held
Covington Glen Holdings LLC
since 2017
4 recorded transactions
Zoning & alternative use
RCD · Decatur, 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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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%
$1,590,000
6.5%
$1,470,000
7%
$1,365,000
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±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
$181 / 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
$213,246
Tax year 2024
Assessed value
$4,722,688
Assessed 2024
Previous assessed
$4,722,688
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$229,600
Assessed improvement
$4,493,088
Land market value
$574,001
Improvement market value
$11,232,719
Total market value
$11,806,720
Applied tax rate
4.0000
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
1989
Heating
NONE
Cooling
YES
Buildings
10
Stories
2
Units
128
Total area
7,110 SF
Lot
9.27 ac (403,714 SF)
Zoning code
RCD
APN
16 026 02 081
UPID
US22-1259243
Jurisdiction
DE KALB
Zoning & alternative use
RCD · Decatur, GA
Zoning RCD · permitted uses
RCD · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Cooling
Yes
Stories
2
Buildings
10
Units
128
Lot
9.27 ac
Current owner
From public records · entity-resolved
Covington Glen Holdings LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 450233, ATLANTA, GA 31145-0233
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2017
—
Covington Glen Holdings LLC
Covington Glen INC
Quit Claim Deed
related
—
Aug 20, 2009
$4,500,000
Triangle Real Estate Of Gaston
Federal Home Loan Mtg Corp
Grant Deed
—
Nov 4, 2008
$8,573,364
Federal Home Loan Mtg Corp
Federal Home Loan Mtg Corp
Grant Deed
related
—
Apr 2, 1996
$8,600,000
Thicket Apartments LP
Patrician Mortgage Company
Warranty Deed
related
$7,392,000 · Univest Mtg
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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