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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Garden apartment buildings
661 Sherwood Dr, Jonesboro, GA 30236-1840
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-0433900
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1969
Total area
106 SF
Lot
10 ac (435,600 SF)
Zoning code
RM
APN
13-175A- A-003
UPID
US22-0433900
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
-
Tara Woods Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$715k
Owner & transaction history
Tara Woods 661 Investor LLC · 1 yrs held
Tara Woods 661 Investor LLC
since 2024
7 recorded transactions
Zoning & alternative use
RM · Jonesboro, 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 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
$6,745 / 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
$202,474
Tax year 2024
Assessed value
$440,000
Assessed 2024
Previous assessed
$260,000
+69.2% YoY
Effective rate
46.02%
On assessed value
Assessed land
$440,000
Assessed improvement
$4,750,036
Land market value
$1,100,000
Improvement market value
$11,875,091
Total market value
$12,975,091
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
1969
Heating
NONE
Total area
106 SF
Lot
10 ac (435,600 SF)
Zoning code
RM
APN
13-175A- A-003
UPID
US22-0433900
Jurisdiction
CLAYTON
Zoning & alternative use
RM · Jonesboro, GA
Zoning RM · permitted uses
RM · Jonesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jonesboro. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Lot
10 ac
Current owner
From public records · entity-resolved
Tara Woods 661 Investor LLC
Entity
Free & Clear · 1 yrs held
Mailing address
661 SHERWOOD DR, JONESBORO, GA 30236-1840
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
—
Tara Woods 661 Investor LLC
—
Deed
related
$6,159,850 · Rflf 4
Sep 19, 2024
—
Tara Woods 661 Investor LLC
—
Deed
related
$3,000,000 · Forbix Capital
Jul 24, 2024
—
Tara Woods 661 Investor LLC
Forbix Capital Corp
Quit Claim Deed
related
—
May 29, 2024
—
Forbix Capital Corp
Red Apple Investments LLC
Warranty Deed
—
May 31, 2022
—
Red Apple Investments LLC
—
Deed
related
$2,000,000 · Forbix Capital
May 20, 2019
—
Red Apple Investments LLC
—
Trustees Deed
related
$2,750,000 · Macoy Cap Partners INC
Apr 5, 2017
$2,385,000
Red Apple Investments LLC
Tara Woods Investments LLC
Warranty Deed
$1,700,000 · Westmoore Lending Ptrs III LLC
Jul 16, 2013
$1,802,000
Tara Woods Investments LLC
Aok Properties Tara Blvd LLC
Grant Deed
related
—
May 8, 2012
$1,000,000
Aok Properties Tara Blvd LLC
Sherwood Investors LP
Trustees Deed
—
—
—
41 Marietta Investments LLC
—
Loan Modification
related
$4,330,000 · Aff M 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.
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