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Property profile & analytics
OFF-MARKET
Estimated value
$15,375,000
Garden apartment buildings
6655 Mt Zion Blvd Morrow, GA 30260-2844
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1089908
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1995
Total area
120 SF
Lot
26.48 ac (1,153,469 SF)
Zoning code
RM
APN
12-108A- B-003
UPID
US22-1089908
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
-
The Retreat at Baywood Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.75M
Blend (final)
Blend
$15.38M
Owner & transaction history
Icer Of Baywood LLC · 4 yrs held
Icer Of Baywood LLC
since 2022
Last sale
$20.0M
7 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
$13,790,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.38M
Range $13.84M – $16.91M · ±10% · vs last sale $20.00M (Jan 24 2022)
Last sale anchor
$20.00M
Jan 24 2022
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
$128,125 / 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
$229,923
Tax year 2024
Assessed value
$5,893,640
Assessed 2024
Previous assessed
$5,893,640
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$185,000
Assessed improvement
$5,708,640
Land market value
$462,500
Improvement market value
$14,271,600
Total market value
$14,734,100
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
1995
Heating
NONE
Total area
120 SF
Lot
26.48 ac (1,153,469 SF)
Zoning code
RM
APN
12-108A- B-003
UPID
US22-1089908
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
1995
Heating
NONE
Lot
26.48 ac
Current owner
From public records · entity-resolved
Icer Of Baywood LLC
Entity
Mailing address
1385 BROADWAY FL, NEW YORK, NY 10018-6001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
$20,000,000
Icer Of Baywood LLC
Baywood Apts Ga LLC
Limited Warranty Deed
$105,000,000 · Arbor Realty Senior
Jun 19, 2018
$9,000,000
Baywood Apts Ga LLC
Elite Street Baywood Equity De
Grant Deed
related
$7,345,220 · Bvfl I Fi LLC
Jun 16, 2016
—
Vcp Bw So LLC
Vcp Baywood LLC
Quit Claim Deed
related
—
Jun 16, 2016
$6,632,400
Elite Street Cap Baywood Equit
Vcp Baywood LLC
Grant Deed
related
$5,500,000 · Greystone Svcg
Jun 1, 2015
$3,400,000
Vcp Baywood LLC
Baywood Park LP
Grant Deed
related
$2,618,900 · Greystone Svcg
—
—
Baywood Park LP
—
Loan Modification
related
$2,993,371 · Federal National Mortgage Assn
—
—
Baywood Park LP
—
Deed Of Trust
related
$2,993,371 · Oak Grove Commercial Mtg 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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