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Property profile & analytics
OFF-MARKET
Estimated value
$27,305,000
Garden apartment buildings
6519 Mt Zion Blvd Morrow, GA 30260
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1501977
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1990
Total area
200 SF
Lot
19 ac (827,640 SF)
Zoning code
RM
APN
12-117D- C-023
UPID
US22-1501977
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
$27.92M
Blend (final)
Blend
$27.31M
Owner & transaction history
Icer Of Hampton Downs LLC · 4 yrs held
Icer Of Hampton Downs LLC
since 2021
Last sale
$27.5M
4 recorded transactions
Zoning & alternative use
RM · Morrow, GA
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 Morrow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrow 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
$30,630,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$27.31M
Range $24.57M – $30.04M · ±10% · vs last sale $27.50M (Oct 15 2021)
Last sale anchor
$27.50M
Oct 15 2021
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
$136,525 / 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
$363,233
Tax year 2024
Assessed value
$9,310,800
Assessed 2024
Previous assessed
$9,310,800
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$469,600
Assessed improvement
$8,841,200
Land market value
$1,174,000
Improvement market value
$22,103,000
Total market value
$23,277,000
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
1990
Heating
NONE
Total area
200 SF
Lot
19 ac (827,640 SF)
Zoning code
RM
APN
12-117D- C-023
UPID
US22-1501977
Jurisdiction
CLAYTON
Zoning & alternative use
RM · Morrow, GAZoning RM · permitted uses
RM · Morrow, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Lot
19 ac
Current owner
From public records · entity-resolved
Icer Of Hampton Downs LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1904 MONROE DR NESTE235, ATLANTA, GA 30324-4858
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$27,500,000
Icer Of Hampton Downs LLC
Hampton Downs Atlanta Apartments LP
Limited Warranty Deed
—
Dec 1, 2014
$8,700,000
Downs Atlanta Apartmen Hampton
Adinis Properties LLC
Grant Deed
—
Dec 1, 2014
—
Downs Atlanta Apartmen Hampton
Adinis Properties LLC
Quit Claim Deed
related
$7,895,000 · Greystone Svcg
Jun 4, 2012
$3,600,000
Adinis Properties INC
Sandlewood Apartments LLC
Grant Deed
—
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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