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Property profile & analytics
OFF-MARKET
Estimated value
$33,585,000
Garden apartment buildings
825 Powder Spgs St, Marietta, GA 30064-3665
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1346930
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Total area
176,350 SF
Lot
19.56 ac (851,990 SF)
Zoning code
PRD MF
APN
17014800030
UPID
US22-1346930
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
$36.45M
Comparable Approach
Comparable
$40.93M
Blend (final)
Blend
$33.59M
Owner & transaction history
Wwc The Belaire LP · 1 yrs held
Wwc The Belaire LP
since 2024
Last sale
$30.1M
7 recorded transactions
Zoning & alternative use
PRD MF · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$42.6M
+57.7%
Neighborhood: shopping center
$38.8M
+43.8%
Retail stores
$38.8M
+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
$42,580,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$39,485,000
6.5%
$36,450,000
7%
$33,845,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$27,010,000
Current use
MEDICAL BUILDING
$42,590,000
Change: +58% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$38,825,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$38,790,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$32,665,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$30,635,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$33.59M
Range $30.23M – $36.94M · ±10% · vs last sale $30.10M (Jul 2 2024)
Last sale anchor
$30.10M
Jul 2 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
$190 / 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
$111,672
Tax year 2024
Assessed value
$13,200,000
Assessed 2024
Previous assessed
$13,200,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$2,576,416
Assessed improvement
$10,623,584
Land market value
$6,441,040
Improvement market value
$26,558,960
Total market value
$33,000,000
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
1985
Heating
NONE
Buildings
6
Units
188
Total area
176,350 SF
Lot
19.56 ac (851,990 SF)
Zoning code
PRD MF
APN
17014800030
UPID
US22-1346930
Jurisdiction
COBB
Zoning & alternative use
PRD MF · Marietta, GA
Zoning PRD MF · permitted uses
PRD MF · 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
$27.0M
MEDICAL BUILDING
Est. value
$42.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$38.8M
RETAIL STORES
Est. value
$38.8M
COMMERCIAL (GENERAL)
Est. value
$32.7M
AUTO REPAIR, GARAGE
Est. value
$30.6M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1985
Heating
NONE
Buildings
6
Units
188
Lot
19.56 ac
Current owner
From public records · entity-resolved
Wwc The Belaire LP
Entity
Mailing address
2400 DOLLARTON HWY STE 201ST N VANCOUVER BC V7H
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
$30,100,000
Wwc The Belaire LP
Wwc Lxiii LP
Deed
—
Jul 15, 2021
$36,300,000
Wwc Lxiii LP
Belaire Apartments LLC
Limited Warranty Deed
$29,500,000 · Greystone Servicing Company LLC
Jul 15, 2021
—
Wwc Lxiii LP
Belaire Apartments LLC
Quit Claim Deed
related
—
Apr 10, 2017
$4,972,700
Belaire Apartments LLC
Fpa Springs Landing LLC
Grant Deed
$8,191,487 · * Other Institutional Lenders
Aug 15, 2016
—
Fpa Springs Landing LLC
—
Deed
related
$3,915,000 · Holliday Fenoglio Fowler
Sep 2, 2014
$10,325,000
Fpa Springs Landing LLC
Teg Springs Landing LLC
Grant Deed
$8,260,000 · Holliday Fenoglio Fowler
Nov 1, 2007
—
Teg Springs Landings LLC
Springs Landing Apts
Quit Claim Deed
related
$8,140,000 · Wachovia Bank NA
Nov 1, 2007
$9,860,000
Teg Springs Landing LLC
Springs Apts
Grant Deed
related
—
Oct 31, 2007
—
Teg Springs Landing LLC
Springs,landing Apartments
Quit Claim Deed
related
—
Oct 31, 2007
$9,860,000
Teg Springs Landing LLC
Springs,landing Apartments
Grant Deed
related
—
—
—
Teg Springs Landing LLC
—
Deed Of Trust
related
—
—
—
Teg Springs Landing LLC
—
Deed Of Trust
related
$7,858,000 · P R Mortgage & Investment Corp
—
—
Fpa Springs Landing LLC
—
Deed Of Trust
related
$3,915,000 · Holliday Fenoglio Fowler
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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