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Property profile & analytics
OFF-MARKET
Estimated value
$35,840,000
Garden apartment buildings
648 Whisper Ln Austell, GA 30168-7104
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0329970
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Total area
290,784 SF
Lot
21.09 ac (918,592 SF)
Zoning code
RM-12
APN
18058900060
UPID
US22-0329970
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
-
Azure at Riverside Apartment Complex
-
Whisperwood Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.69M
Blend (final)
Blend
$35.84M
Owner & transaction history
Ready Cap Mtg Financing 2023 Fl11 · 2 yrs held
Ready Cap Mtg Financing 2023 Fl11
since 2024
7 recorded transactions
Zoning & alternative use
RM-12 · Austell, 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 Austell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austell 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$57,870,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$56,975,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$35.84M
Range $32.26M – $39.42M · ±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
$123 / 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
$419,952
Tax year 2024
Assessed value
$12,480,000
Assessed 2024
Previous assessed
$12,480,000
+0.0% YoY
Effective rate
3.36%
On assessed value
Assessed land
$1,112,764
Assessed improvement
$11,367,236
Land market value
$2,781,910
Improvement market value
$28,418,090
Total market value
$31,200,000
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
1973
Heating
NONE
Buildings
13
Units
267
Total area
290,784 SF
Lot
21.09 ac (918,592 SF)
Zoning code
RM-12
APN
18058900060
UPID
US22-0329970
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Austell, GA
Zoning RM-12 · permitted uses
RM-12 · Austell, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Austell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$57.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$57.0M
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1973
Heating
NONE
Buildings
13
Units
267
Lot
21.09 ac
Current owner
From public records · entity-resolved
Ready Cap Mtg Financing 2023 Fl11
Individual
Mailing address
1251 AVE OF THE AMERICAS FL, NEW YORK, NY 10020-0083
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2024
—
Ready Cap Mtg Financing 2023 Fl11
Ready Capital Mortgage Depositor Ix
Deed
—
Nov 6, 2023
—
Villas Apartments Holdings LLC
Lft Cre 2021 Fli Ltd
Quit Claim Deed
related
—
Sep 26, 2022
$440,000
648 Wisper Ln Property LLC
Orei Azure Property Owner LLC
Limited Warranty Deed
$36,500,000 · Readycap Commercial LLC
Jun 1, 2021
$32,840,000
Orei Azure Property Owner LLC
Villas Apartments Holdings LLC
Limited Warranty Deed
$22,975,000 · Berkadia Commercial Mortgage LLC
Jun 1, 2021
—
Orei Azure Property Owner LLC
Villas Apartments Holdings LLC
Quit Claim Deed
related
—
Sep 4, 2019
$15,400,000
Villas Apartments Holdings LLC
Villas At Riverside LLC
Grant Deed
related
$16,800,000 · Hunt Fin Co LLC
May 1, 2019
—
Villas At Riverside LLC
—
Deed
related
$8,650,700 · Conventus LLC
Mar 31, 1999
$7,800,000
Cnc Investments INC
Owner Name Unavailable
Grant Deed
related
—
—
—
Villas At Riverside LLC
—
Deed Of Trust
related
$8,650,700 · Conventus LLC
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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