Entity Owned Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2002
Total area
45,888 SF
Lot
18.48 ac (805,163 SF)
Zoning code
RM100
APN
16 172 02 006
UPID
US22-2807202
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.56M
Owner & transaction history
since 2005
1 recorded transaction
Zoning & alternative use
RM100 · Lithonia, GA
Top alternative use upside
Auto repair, garage
$9.9M
+2.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$9.56M
Value range
$8.60M – $10.52M
±10% around blend
Estimated value / SF
$208 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$8.60M
blend $9.56M
$10.52M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
45,888 SF
Lot area
18.48 ac
Year built
2002
Stories
3
APN
16 172 02 006
Zoning
RM100
Assessed value
$16,049,520
Annual tax
$387,148
3
Income approach: direct capitalization
Partial preview
Income approach indication
$9.49M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$10.28M
@ 6.5% CAP return
$9.49M
@ 7% CAP return
$8.81M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.56M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 35 sales
$211
-1%
County 289 sales
$1,384
-85%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $208/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+2%
vs current-use indication
Apartment House (5+ Units) · current use
Commercial (general)
Neighborhood: Shopping Center
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$16.05M
Move the market yield to see immediate price impact.
Value / SF
$350
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.01M
$20.22M
$14.44M
$11.23M
$1.12M
$22.47M
$16.05M
$12.48M
$1.24M
$24.72M
$17.65M
$13.73M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$387,148
Tax year 2024
Assessed value
$16,049,520
Assessed 2024
Previous assessed
$16,755,200
-4.2% YoY
Effective rate
2.41%
On assessed value
Assessed land
$830,000
Assessed improvement
$15,219,520
Land market value
$2,075,000
Improvement market value
$38,048,800
Total market value
$40,123,800
Applied tax rate
80.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
2002
Heating
NONE
Cooling
YES
Buildings
7
Stories
3
Units
218
Total area
45,888 SF
Lot
18.48 ac (805,163 SF)
Zoning code
RM100
APN
16 172 02 006
UPID
US22-2807202
Jurisdiction
DE KALB
Zoning & alternative use
RM100 · Lithonia, GAZoning RM100 · permitted uses
RM100 · Lithonia, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Cooling
Yes
Stories
3
Buildings
7
Units
218
Lot
18.48 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RM100
Jurisdiction
Lithonia, GA
Recorded code
RM100
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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