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Property profile & analytics
OFF-MARKET
Estimated value
$40,385,000
Garden apartment buildings
707 Franklin SE Gtwy, Marietta, GA 30067-7887
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1091306
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1969
Total area
232,894 SF
Lot
13.88 ac (604,482 SF)
Zoning code
PRD MF
APN
17064600010
UPID
US22-1091306
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
$48.14M
Comparable Approach
Comparable
$35.60M
Blend (final)
Blend
$40.39M
Owner & transaction history
707 Franklin Apartments LLC · 4 yrs held
707 Franklin Apartments LLC
since 2021
Last sale
$37.3M
7 recorded transactions
Zoning & alternative use
PRD MF · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$56.3M
+57.7%
Neighborhood: shopping center
$51.3M
+43.8%
Retail stores
$51.2M
+43.6%
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 Marietta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marietta 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
$43,695,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$52,145,000
6.5%
$48,135,000
7%
$44,695,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$35,670,000
Current use
MEDICAL BUILDING
$56,250,000
Change: +58% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$51,270,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$51,225,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$45,440,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$40,460,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$40.39M
Range $36.35M – $44.42M · ±10% · vs last sale $37.25M (Dec 23 2021)
Last sale anchor
$37.25M
Dec 23 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
$173 / 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
$123,235
Tax year 2024
Assessed value
$14,566,840
Assessed 2024
Previous assessed
$9,184,500
+58.6% YoY
Effective rate
0.85%
On assessed value
Assessed land
$3,143,308
Assessed improvement
$11,423,532
Land market value
$7,858,270
Improvement market value
$28,558,830
Total market value
$36,417,100
Applied tax rate
4.0000
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
Buildings
11
Units
181
Total area
232,894 SF
Lot
13.88 ac (604,482 SF)
Zoning code
PRD MF
APN
17064600010
UPID
US22-1091306
Jurisdiction
COBB
Zoning & alternative use
PRD MF · Marietta, GA
Zoning PRD MF · permitted uses
PRD MF · Marietta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marietta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$35.7M
MEDICAL BUILDING
Est. value
$56.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$51.3M
RETAIL STORES
Est. value
$51.2M
COMMERCIAL (GENERAL)
Est. value
$45.4M
AUTO REPAIR, GARAGE
Est. value
$40.5M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1969
Heating
NONE
Buildings
11
Units
181
Lot
13.88 ac
Current owner
From public records · entity-resolved
707 Franklin Apartments LLC
Entity
Mailing address
1934 OLD GALLOWS RD STE #350, VIENNA, VA 22182-4050
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
—
707 Franklin Apartments LLC
—
Deed
related
$26,500,000 · 3650 Real Estate Investment Trust 2 LLC
Dec 23, 2021
$37,250,000
707 Franklin Apartments LLC
Titan Liberty Borrower LLC
Limited Warranty Deed
—
Dec 31, 2019
—
Titan Liberty Borrower LLC
Liberty Pointe LLC
Quit Claim Deed
related
—
Dec 31, 2019
$23,550,000
Titan Liberty Borrower LLC
Liberty Pointe LLC
Grant Deed
related
$19,849,950 · Bancorp Bk
Sep 9, 2013
—
Liberty Pointe LLC
Federal Hm Ln Mtg Corp
Quit Claim Deed
related
$4,500,000 · Branch Banking & Trust Co
Apr 19, 2013
$6,390,430
Federal Hm Ln Mtg Corp
Franklin Walk Associates LP
Trustees Deed
related
—
—
—
Liberty Pointe LLC
—
Deed Of Trust
related
$5,000,000 · Cbre Cap Markets
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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