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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Garden apartment buildings
594 Pkwy NE Dr, Atlanta, GA 30308-2670
Individually Owned
1-yr Hold
Absentee Owner
Property ID
US22-1896466
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1930
Construction
WOOD
Total area
4,176 SF
Lot
0.26 ac (11,500 SF)
Zoning code
RG4
APN
14 004700020103
UPID
US22-1896466
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
$885k
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$885k
Owner & transaction history
Paul J Shin · 1 yrs held
Paul J Shin
since 2024
Last sale
$887,000
7 recorded transactions
Zoning & alternative use
RG4 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+31.3%
Neighborhood: shopping center
$1.1M
+27.1%
Medical building
$1.1M
+27.0%
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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$885,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$895,000
Current use
COMMERCIAL (GENERAL)
$1,175,000
Change: +31% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,135,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$1,135,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,060,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$980,000
Change: +9% · Conversion: Moderate
RETAIL STORES
$935,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $887k (Jul 17 2024)
Last sale anchor
$887k
Jul 17 2024
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
$212 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,545
Tax year 2023
Assessed value
$230,560
Assessed 2023
Previous assessed
$230,560
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$80,000
Assessed improvement
$150,560
Land market value
$200,000
Improvement market value
$376,400
Total market value
$576,400
Applied tax rate
5.0000
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
1930
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
4
Bathrooms
1
Total area
4,176 SF
Lot
0.26 ac (11,500 SF)
Zoning code
RG4
APN
14 004700020103
UPID
US22-1896466
Jurisdiction
FULTON
Zoning & alternative use
RG4 · Atlanta, GA
Zoning RG4 · permitted uses
RG4 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$980,000
RETAIL STORES
Est. value
$935,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1930
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
4
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Paul J Shin
Individual
Mailing address
2276 TALLEY DR NE, ATLANTA, GA 30341-2320
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2024
$887,000
Paul J Shin
Rooftop Investments LLC
Warranty Deed
$620,000 · Unlimited Mortgage Group
Mar 19, 2020
—
Rooftop Investments LLC
Kai Hsu
Grant Deed
related
—
Jan 23, 2015
—
Qing|hsu Kai Ye
Rooftop Investments LLC
Warranty Deed
related
$318,500 · Envoy Mtg LP
Jan 5, 2011
—
Roof Top Investments LLC
Wong,peggy
Quit Claim Deed
related
—
Aug 4, 2010
$95,000
Peggy Wong
First,horizon Home Loans
Grant Deed
—
Mar 19, 2008
$405,721
First Horizon Home Loans
Poullard,timothy
Trustees Deed
related
—
Mar 4, 2008
$405,721
Horizon Home Loans First
Poullard,timothy
Grant Deed
related
—
May 6, 2005
$500,000
Poullard, Timothy & Linda
Oyedotun, Abiola
Deed
$350,000 · First Bk
May 5, 2005
—
1736 Williams Avenue Land Trust
Elleboe,flemming
Warranty Deed
related
—
Dec 27, 2004
$545,000
Oyedotun,abiola
Whitmore,john C JR
Warranty Deed
$490,500 · Novastar Mtg
—
—
Timothy Poullard
—
Deed Of Trust
related
$377,000 · First Horizon Corp
—
—
Timothy Poullard
—
Deed Of Trust
related
$50,000 · First Horizon Home Loan Corp
—
—
Poullard,timothy
—
Deed Of Trust
related
$377,000 · First Horizon Hm Ln
—
—
Poullard,timothy
—
Deed Of Trust
related
$50,000 · First Horizon Hm Ln
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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