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Property profile & analytics
OFF-MARKET
Garden apartment buildings
6256 Hillandale Dr Lithonia, GA 30058-4786
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4735043
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Total area
15,616 SF
Lot
18 ac (784,080 SF)
Zoning code
RM100
APN
16 105 01 017
UPID
US22-4735043
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
-
Glamorous Eye Candi Cosmetic Store
-
Keshia creations Hair Salon
-
Harvard Place Apartments Apartment Complex
-
Harvard Place Apartments | by ICER Apartment Building
-
Hollis Tax Services Llc Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Icer Of Harvard Place LLC · 4 yrs held
Icer Of Harvard Place LLC
since 2021
Last sale
$27.5M
6 recorded transactions
Zoning & alternative use
RM100 · Lithonia, 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 Lithonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithonia 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
—
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
$418,328
Tax year 2024
Assessed value
$9,180,000
Assessed 2024
Previous assessed
$9,180,000
+0.0% YoY
Effective rate
4.56%
On assessed value
Assessed land
$734,400
Assessed improvement
$8,445,600
Land market value
$1,836,000
Improvement market value
$21,114,000
Total market value
$22,950,000
Applied tax rate
80.0000
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
1985
Heating
NONE
Cooling
YES
Buildings
14
Stories
2
Units
200
Total area
15,616 SF
Lot
18 ac (784,080 SF)
Zoning code
RM100
APN
16 105 01 017
UPID
US22-4735043
Jurisdiction
DE KALB
Zoning & alternative use
RM100 · Lithonia, GA
Zoning RM100 · permitted uses
RM100 · Lithonia, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lithonia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Cooling
Yes
Stories
2
Buildings
14
Units
200
Lot
18 ac
Current owner
From public records · entity-resolved
Icer Of Harvard Place LLC
Entity
Mailing address
1385 BROADWAY FL, NEW YORK, NY 10018-6001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$27,500,000
Icer Of Harvard Place LLC
Harvard Place Atlanta Apartments LP
Limited Warranty Deed
$130,000,000 · Arbor Realty Senior
Dec 1, 2014
—
Harvard Place Atlanta Apartmen
Vcp Crossings LLC
Quit Claim Deed
related
—
Dec 1, 2014
$7,800,000
Harvard Place Atlanta Apartmen
Vcp Crossings LLC
Grant Deed
related
$7,895,000 · Greystone Svcg
Aug 24, 2011
$4,500,000
6256 Hillandale Drive Holdings
Crossings Atlanta Apartments I
Trustees Deed
related
—
Mar 27, 2006
$9,200,000
Crossings Atlanta The
Crossings LLC The
Grant Deed
related
—
—
—
Hampton Downs Atlanta Apartmen
—
Deed Of Trust
related
$17,500 · Silverpeak R/e Fin
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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