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Property profile & analytics
OFF-MARKET
Estimated value
$12,625,000
Garden apartment buildings
590 Hwy 138 Jonesboro, GA 30236
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1001844
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1989
Total area
220 SF
Lot
26.84 ac (1,169,150 SF)
Zoning code
RM
APN
13-210C- B-001
UPID
US22-1001844
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.63M
Owner & transaction history
Tara Bridge Apartments LP · 10 yrs held
Tara Bridge Apartments LP
since 2016
3 recorded transactions
Zoning & alternative use
RM · Jonesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-M multifamily residential district is established to provide for multifamily dwellings on properties having a minimum area of two acres, The district accommodates residential development at a maximum density of eight units per acre and is intended to serve a rental market in which attached units are available in a setting with common amenities and gree…
Zone name
Multi Family Residential District
General category
RESIDENTIAL
Zone area
68.64 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 Jonesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jonesboro 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
$57,386 / 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
$421,330
Tax year 2024
Assessed value
$10,800,000
Assessed 2024
Previous assessed
$10,800,000
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$697,840
Assessed improvement
$10,102,160
Land market value
$1,744,600
Improvement market value
$25,255,400
Total market value
$27,000,000
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
1989
Heating
NONE
Total area
220 SF
Lot
26.84 ac (1,169,150 SF)
Zoning code
RM
APN
13-210C- B-001
UPID
US22-1001844
Jurisdiction
CLAYTON
Zoning & alternative use
RM · Jonesboro, GAZoning RM · permitted uses
RM · Jonesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-M multifamily residential district is established to provide for multifamily dwellings on properties having a minimum area of two acres, The district accommodates residential development at a maximum density of eight units per acre and is intended to serve a rental market in which attached units are available in a setting with common amenities and greenspace
Zone name
Multi Family Residential District
General category
RESIDENTIAL
Zone area
68.64 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Lot
26.84 ac
Current owner
From public records · entity-resolved
Tara Bridge Apartments LP
Entity
Free & Clear · 10 yrs held
Mailing address
2500 N MILITARY TRL STE #285, BOCA RATON, FL 33431-6322
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Apr 16, 2025
—
Tara Bridge Apartments LP
—
Deed
related
$12,000,000 · Pgim Real Estate Agency Financing
Apr 29, 2016
—
Tara Bridge Apartments LP
Tara Brg Atlanta Apartments
Quit Claim Deed
related
—
Apr 29, 2016
$5,975,800
Tara Bridge Apartments LP
Tara Brg Atlanta Apartments
Grant Deed
related
$8,500,000 · Citibank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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