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Property profile & analytics
OFF-MARKET
Estimated value
$3,080,000
Garden apartment buildings
735 Cobb N Pkwy, Marietta, GA 30062-2462
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1999528
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1963
Total area
19,328 SF
Lot
0.79 ac (34,204 SF)
Zoning code
CRC
APN
16107100390
UPID
US22-1999528
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
-
Northside Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.94M
CAP Approach
CAP
$4.00M
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$3.08M
Owner & transaction history
Avenida North 2022 LLC · 3 yrs held
Avenida North 2022 LLC
since 2023
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
CRC · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.7M
+57.7%
Neighborhood: shopping center
$4.3M
+43.8%
Retail stores
$4.3M
+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
$3,080,000
ML approach
$2,935,000
CAP Approach
CAP Return
Estimation
6%
$4,330,000
6.5%
$3,995,000
7%
$3,710,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,960,000
Current use
MEDICAL BUILDING
$4,670,000
Change: +58% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,255,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$4,250,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,665,000
Change: +24% · Conversion: Moderate
OFFICE BUILDING
$3,395,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$3.08M
Range $2.77M – $3.39M · ±10% · vs last sale $3.16M (Feb 21 2023)
Last sale anchor
$3.16M
Feb 21 2023
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
$159 / 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
$4,779
Tax year 2024
Assessed value
$564,840
Assessed 2024
Previous assessed
$433,872
+30.2% YoY
Effective rate
0.85%
On assessed value
Assessed land
$88,932
Assessed improvement
$475,908
Land market value
$222,330
Improvement market value
$1,189,770
Total market value
$1,412,100
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
1963
Heating
NONE
Buildings
2
Units
22
Total area
19,328 SF
Lot
0.79 ac (34,204 SF)
Zoning code
CRC
APN
16107100390
UPID
US22-1999528
Jurisdiction
COBB
Zoning & alternative use
CRC · Marietta, GA
Zoning CRC · permitted uses
CRC · 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
$3.0M
MEDICAL BUILDING
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
RETAIL STORES
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1963
Heating
NONE
Buildings
2
Units
22
Lot
0.79 ac
Current owner
From public records · entity-resolved
Avenida North 2022 LLC
Entity
Mailing address
3300 BUCKEYE RD STE #777, ATLANTA, GA 30341-4234
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
—
Avenida North 2022 LLC
Northside Brill LLC
Quit Claim Deed
related
—
Feb 21, 2023
$3,157,500
Avenida North 2022 LLC
Northside Brill LLC
Limited Warranty Deed
—
Jun 1, 2021
—
Northside Schorr LLC
—
Deed
related
$1,633,000 · Berkadia Commercial Mortgage LLC
Jan 22, 2018
—
Northside Schorr LLC
—
Deed
related
$1,111,000 · Arbor Agcy Lndg LLC
Dec 12, 2017
—
Northside Brill LLC
Northside Multi-family LLC
Quit Claim Deed
related
—
Dec 12, 2017
$1,440,000
Northside Brill LLC
Northside Multi-family LLC
Grant Deed
related
—
Nov 10, 2011
$1,100,000
Northside Multi-family LLC
Holt,terry & Kathy
Grant Deed
$890,000 · Terry & Kathy Holt
Jul 9, 2008
—
Terry Holt
Ssi Properties INC
Warranty Deed
—
May 5, 2008
—
Terry Holt
Ssi Properties INC
Grant Deed
related
—
Mar 10, 2008
$950,000
Ssi Props INC
Mahmoudi-pousty,mohammad R
Warranty Deed
—
Feb 22, 2008
$950,000
Ssi Properties INC
Mahmoudi-pousty,mohammad R
Grant Deed
—
—
—
Northside Schorr LLC
—
Deed Of Trust
related
$1,111,000 · Arbor Agcy Lndg 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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