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Property profile & analytics
OFF-MARKET
Estimated value
$3,790,000
Garden apartment buildings
815 Cobb SE Dr 823, Marietta, GA 30060-3175
Entity Owned
Free & Clear
Property ID
US22-1337638
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1955
Total area
20,088 SF
Lot
0.95 ac (41,382 SF)
Zoning code
RM-12
APN
17028500330
UPID
US22-1337638
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
-
The Residences on Olley's Creek Apartment Building
-
CABRERA HOUSE CLEANING General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.15M
Comparable Approach
Comparable
$4.66M
Blend (final)
Blend
$3.79M
Owner & transaction history
Reo Holdings LLC
Reo Holdings LLC
since 2026
7 recorded transactions
Zoning & alternative use
RM-12 · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.9M
+57.7%
Neighborhood: shopping center
$4.4M
+43.8%
Office building
$3.2M
+2.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,500,000
6.5%
$4,150,000
7%
$3,855,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,075,000
Current use
MEDICAL BUILDING
$4,850,000
Change: +58% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,420,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$3,160,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,140,000
Change: +2% · Conversion: Moderate
RETAIL STORES
$2,930,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.79M
Range $3.41M – $4.17M · ±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
$189 / 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
$36,820
Tax year 2024
Assessed value
$1,221,240
Assessed 2024
Previous assessed
$1,219,960
+0.1% YoY
Effective rate
3.01%
On assessed value
Assessed land
$193,668
Assessed improvement
$1,027,572
Land market value
$484,170
Improvement market value
$2,568,930
Total market value
$3,053,100
Applied tax rate
9.0000
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
1955
Heating
NONE
Units
30
Total area
20,088 SF
Lot
0.95 ac (41,382 SF)
Zoning code
RM-12
APN
17028500330
UPID
US22-1337638
Jurisdiction
COBB
Zoning & alternative use
RM-12 · Marietta, GA
Zoning RM-12 · permitted uses
RM-12 · 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
$3.1M
MEDICAL BUILDING
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1955
Heating
NONE
Units
30
Lot
0.95 ac
Current owner
From public records · entity-resolved
Reo Holdings LLC
Entity
Free & Clear · 0 yrs held
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2026
$4,526,000
Reo Holdings LLC
Robinson Gardens Apartments LLC
Deed
related
—
Apr 17, 2025
—
Robinson Gardens Apartments LLC
—
Deed
related
$386,000 · Felicidad Loomis M250l2634
Mar 19, 2025
—
Robinson Gardens Apartments LLC
—
Deed
related
$171,000 · Terry Walters Etal
Mar 14, 2024
—
Robinson Capital Group LLC
—
Deed
related
$300,000 · Bdm Capital Time Investments LLC
Feb 28, 2024
—
Robinson Gardens Apartments LLC
—
Deed
related
$100,000 · Apex Unlimited Partners LLC
Feb 21, 2024
—
Lexington Heights Apartments LLC
Cbre Capital Markets INC
Deed
—
Feb 5, 2024
$3,500,000
Robinson Gardens Apartments LLC
Lexington Height Apartments LLC
Limited Warranty Deed
$4,160,000 · Churchill Funding I LLC
Nov 24, 2020
$2,300,000
Lexington Hts Apts LLC
Banah Skyway LLC
Grant Deed
—
Oct 9, 2019
—
Banah Skyway LLC
—
Deed
related
$60,000 · Todays Bank
Nov 19, 2018
—
Banah Skyway LLC
—
Deed
related
$1,097,948 · Todays Bk
Sep 26, 2018
—
Banah Skyway LLC
—
Deed
related
$738,776 · Todays Bk
Mar 15, 2013
$200,000
First St Bk Of Nw Ar
Skyway Apts Holding Co LLC
Grant Deed
related
—
Feb 16, 2011
$570,000
Skyway Apts Holding Co LLC
Keele Properties LLC
Trustees Deed
—
Nov 16, 2004
$900,000
Ksss Properties LLC
Georgia Virginia Ents INC
Grant Deed
$77,000 · Branch Banking & Trust Co
—
—
Banah Skyway LLC
—
Deed Of Trust
related
$1,097,948 · Todays Bk
—
—
Banah Skyway LLC
—
Loan Modification
related
$232,772 · Todays Bk
—
—
Banah Skyway LLC
—
Loan Modification
related
$738,776 · Todays Bk
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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