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Property profile & analytics
OFF-MARKET
Estimated value
$39,000,000
Garden apartment buildings
8075 Adair Ln, Sandy Springs, GA 30350-3805
Entity Owned
5-yr Hold
Property ID
US22-1708138
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1988
Construction
WOOD
Total area
49,184 SF
Lot
19.86 ac (865,102 SF)
Zoning code
AC
APN
17 0030 LL0652
UPID
US22-1708138
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
$39.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$35.04M
Blend (final)
Blend
$39.00M
Owner & transaction history
Fmf Apartments Owner LLC · 5 yrs held
Fmf Apartments Owner LLC
since 2020
Last sale
$39.0M
4 recorded transactions
Zoning & alternative use
AC · 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
$39,000,000
ML approach
$39,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$39.00M
Range $35.10M – $42.90M · ±10% · vs last sale $39.00M (Oct 11 2024)
Last sale anchor
$39.00M
Oct 11 2024
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
$793 / 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
$391,777
Tax year 2023
Assessed value
$13,880,000
Assessed 2023
Previous assessed
$14,612,000
-5.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$2,704,000
Assessed improvement
$11,176,000
Land market value
$6,760,000
Improvement market value
$27,940,000
Total market value
$34,700,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
9
Stories
1
Units
10
Bathrooms
5
Total area
49,184 SF
Lot
19.86 ac (865,102 SF)
Zoning code
AC
APN
17 0030 LL0652
UPID
US22-1708138
Jurisdiction
FULTON
Zoning & alternative use
AC · Sandy Springs, GA
Zoning AC · permitted uses
AC · 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
1988
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
9
Units
10
Bathrooms
5
Lot
19.86 ac
Current owner
From public records · entity-resolved
Fmf Apartments Owner LLC
Entity
Mailing address
3340 PEACHTREE RD NE STE #2250, ATLANTA, GA 30326-1037
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2020
$39,000,000
Fmf Apartments Owner LLC
Fountains Morgan Falls LLC
Grant Deed
$28,080,000 · Jll R/e Cap LLC
Dec 30, 2016
$23,550,000
Fountains Morgan Falls LLC
Fountains L Of Cal LLC
Grant Deed
related
$16,485,000 · Cbre Cap Markets
May 23, 2012
—
Fountains LLC
Lyon Spring Creek II LLC
Warranty Deed
related
—
—
—
Fountains Morgan Falls LLC
—
Deed Of Trust
related
$5,277,000 · 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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