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Property profile & analytics
OFF-MARKET
Estimated value
$108,345,000
High-rise multifamily apartments
789 Hammond Dr Sandy Springs, GA 30328-8161
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US22-1692843
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1999
Total area
426,949 SF
Lot
1.86 ac (81,022 SF)
Zoning code
OIC
APN
17 0037 LL0549
UPID
US22-1692843
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
$88.24M
Comparable Approach
Comparable
$101.78M
Blend (final)
Blend
$108.35M
Owner & transaction history
Mcref Sandy Springs LLC · 9 yrs held
Mcref Sandy Springs LLC
since 2017
5 recorded transactions
Zoning & alternative use
OIC · Sandy Springs, 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 Sandy Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandy Springs 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$95,595,000
6.5%
$88,240,000
7%
$81,940,000
Blend value · Realmo final
$108.35M
Range $97.51M – $119.18M · ±10%
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
$254 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$686,682
Tax year 2023
Assessed value
$24,328,000
Assessed 2023
Previous assessed
$24,328,000
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$4,800,000
Assessed improvement
$19,528,000
Land market value
$12,000,000
Improvement market value
$48,820,000
Total market value
$60,820,000
Applied tax rate
59.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1999
Heating
YES
Cooling
YES
Stories
1
Units
300
Bathrooms
1
Total area
426,949 SF
Lot
1.86 ac (81,022 SF)
Zoning code
OIC
APN
17 0037 LL0549
UPID
US22-1692843
Jurisdiction
FULTON
Zoning & alternative use
OIC · Sandy Springs, GA
Zoning OIC · permitted uses
OIC · Sandy Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sandy Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Heating
YES
Cooling
Yes
Stories
1
Units
300
Bathrooms
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Mcref Sandy Springs LLC
Entity
Mailing address
1 N WACKER DR STE #2402, CHICAGO, IL 60606-2866
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2017
$62,140,900
Mcref Sandy Springs LLC
M789 LP
Grant Deed
—
May 19, 2017
$1,359,200
Cws Wind Up M789 LLC
M789 LP
Warranty Deed
related
—
Dec 1, 2014
—
M789 LP
Park Towers II Dev LLC
Quit Claim Deed
related
$41,500,000 · Compass Bk
Dec 1, 2014
$55,625,000
M789 LP
Park Towers II Dev LLC
Grant Deed
—
—
—
Mcref Sandy Springs LLC
—
Deed Of Trust
related
$41,600,000 · 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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