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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Garden apartment buildings
587 Colonial SE Cir, Marietta, GA 30060-2365
Individually Owned
2-yr Hold
Free & Clear
Property ID
US22-0639825
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1944
Total area
3,360 SF
Lot
0.24 ac (10,454 SF)
Zoning code
LRO
APN
16128700540
UPID
US22-0639825
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
-
LJ Cleaning Pros Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$392k
Blend (final)
Blend
$525k
Owner & transaction history
Jesse Lugard · 2 yrs held
Jesse Lugard
since 2024
7 recorded transactions
Zoning & alternative use
LRO · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$810,000
+57.7%
Neighborhood: shopping center
$740,000
+43.8%
Office building
$530,000
+2.7%
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%
$750,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$515,000
Current use
MEDICAL BUILDING
$810,000
Change: +58% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$740,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$530,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$525,000
Change: +2% · Conversion: Moderate
RETAIL STORES
$490,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$450,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$156 / 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
$1,506
Tax year 2024
Assessed value
$187,960
Assessed 2024
Previous assessed
$187,840
+0.1% YoY
Effective rate
0.80%
On assessed value
Assessed land
$11,080
Assessed improvement
$176,880
Land market value
$27,700
Improvement market value
$442,200
Total market value
$469,900
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
1944
Heating
NONE
Units
4
Total area
3,360 SF
Lot
0.24 ac (10,454 SF)
Zoning code
LRO
APN
16128700540
UPID
US22-0639825
Jurisdiction
COBB
Zoning & alternative use
LRO · Marietta, GA
Zoning LRO · permitted uses
LRO · 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
$515,000
MEDICAL BUILDING
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$740,000
OFFICE BUILDING
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$525,000
RETAIL STORES
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$450,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1944
Heating
NONE
Units
4
Lot
0.24 ac
Current owner
From public records · entity-resolved
Jesse Lugard
Individual
Free & Clear · 2 yrs held
Mailing address
411 S CANDLER ST UNIT D, DECATUR, GA 30030-3749
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2024
—
Jesse Lugard
Amerisave Mortgage Corporation
Deed
—
May 13, 2024
$650,000
Steven D Hickey
Jesse Lugard
Limited Warranty Deed
$487,500 · Boxcar Mortgage LLC
Jun 29, 2018
$390,000
Jesse Lugard
Nicosia LLC
Warranty Deed
$374,007 · Premia Relocation Mtg
Dec 14, 2009
—
Elias Nikiforou
Federal Natl Mtg Assn Fnma
Grant Deed
—
Dec 3, 2009
$86,000
Elias Nikiforou
Fannie,mae
Grant Deed
—
Oct 5, 2009
—
Federal Natl Mtg Assoc
Bac Home Loans Servicing
Grant Deed
—
Oct 5, 2009
$157,969
Bac Home Loans Servicing
Craig,jimmy
Trustees Deed
related
—
Sep 1, 2009
$157,969
Home Loan Servicing LP Bac
Craig,jimmy
Grant Deed
related
—
May 5, 2004
—
Plantation Oaks Partners LLC
Craig,jimmy
Quit Claim Deed
related
—
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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