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Property profile & analytics
OFF-MARKET
Garden apartment buildings
7509 Jonesboro Rd, Jonesboro, GA 30236-2446
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4451341
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1987
Total area
346 SF
Lot
34.53 ac (1,504,127 SF)
Zoning code
RM
APN
12-049A- B-001
UPID
US22-4451341
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
-
Southlake Cove Apartment Complex
-
Casa Condominium 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
by Request
Owner & transaction history
Southlake Cove 1031 LLC · 4 yrs held
Southlake Cove 1031 LLC
since 2022
Last sale
$27.1M
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
—
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
$405,446
Tax year 2024
Assessed value
$897,800
Assessed 2024
Previous assessed
$897,800
+0.0% YoY
Effective rate
45.16%
On assessed value
Assessed land
$897,800
Assessed improvement
$9,495,060
Land market value
$2,244,500
Improvement market value
$23,737,649
Total market value
$25,982,149
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
1987
Heating
NONE
Total area
346 SF
Lot
34.53 ac (1,504,127 SF)
Zoning code
RM
APN
12-049A- B-001
UPID
US22-4451341
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
1987
Heating
NONE
Lot
34.53 ac
Current owner
From public records · entity-resolved
Southlake Cove 1031 LLC
Entity
Mailing address
1904 MONROE DR NE STE #235, ATLANTA, GA 30324-4854
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
$27,084,000
Southlake Cove 1031 LLC
Southlake Cove De LLC
Limited Warranty Deed
—
Jul 22, 2020
—
Southlake Cove De LLC
Southlake Cove LLC
Quit Claim Deed
related
$16,500,000 · Lmf Commercial LLC
Feb 15, 2019
—
South Lake Cove LLC
—
Grant Deed
related
$19,400,000 · Midcap Fin'l
Feb 11, 2019
$5,685,500
Trinity Southlake Cove LLC
Trinity Southlake Cove LLC
Grant Deed
related
—
Feb 6, 2017
$13,632,400
Trinity Southlake Cove LLC
Southlake Cove LLC
Grant Deed
related
$11,899,846 · Midland States Bk
Nov 5, 2015
—
Southlake Cove LLC
Empirian Southlake Cove LLC
Quit Claim Deed
related
$9,127,303 · Federal Nat'l Mtg Assn (fnma)
Aug 28, 2008
$12,300,000
Empirian Southlakd Cove LLC
Pami,southlake Cove Apartm
Grant Deed
—
Feb 5, 2008
—
Southlake Cove Apartments Pami
Alternative Housing LLC
Grant Deed
related
—
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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