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Property profile & analytics
OFF-MARKET
Estimated value
$10,600,000
Garden apartment buildings
854 Sheppard Rd Stone Mountain, GA 30083-3657
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-3828670
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Total area
8,700 SF
Lot
7 ac (304,920 SF)
Zoning code
A
APN
18 073 01 124
UPID
US22-3828670
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
-
Kasteel at Stone Mountain Apartment Complex Apartment Building
-
Kasteel at Stone Mountain Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.60M
Owner & transaction history
Ksp III Park LLC · 3 yrs held
Ksp III Park LLC
since 2022
Last sale
$10.8M
7 recorded transactions
Zoning & alternative use
A · Stone Mountain, 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 Stone Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stone Mountain 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
$11,025,000
ML approach
$9,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.60M
Range $9.54M – $11.66M · ±10% · vs last sale $10.76M (Oct 4 2022)
Last sale anchor
$10.76M
Oct 4 2022
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
$1,218 / 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
$157,896
Tax year 2024
Assessed value
$5,894,640
Assessed 2024
Previous assessed
$3,000,000
+96.5% YoY
Effective rate
2.68%
On assessed value
Assessed land
$551,200
Assessed improvement
$5,343,440
Land market value
$1,378,000
Improvement market value
$13,358,600
Total market value
$14,736,600
Applied tax rate
84.0000
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
1972
Heating
NONE
Cooling
YES
Buildings
14
Stories
2
Units
102
Total area
8,700 SF
Lot
7 ac (304,920 SF)
Zoning code
A
APN
18 073 01 124
UPID
US22-3828670
Jurisdiction
DE KALB
Zoning & alternative use
A · Stone Mountain, GA
Zoning A · permitted uses
A · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stone Mountain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Cooling
Yes
Stories
2
Buildings
14
Units
102
Lot
7 ac
Current owner
From public records · entity-resolved
Ksp III Park LLC
Entity
Mailing address
3343 PEACHTREE RD NE #180821, ATLANTA, GA 30326-1085
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2022
$10,764,000
Ksp III Park LLC
Park Woods Estates LLC
Warranty Deed
—
Mar 9, 2021
—
Park Woods Estates LLC
—
Deed
related
$7,115,000 · Arbor Commercial Funding I
Nov 20, 2019
—
Dwell Sale LLC
Dwell Partners LLC
Quit Claim Deed
related
—
Nov 20, 2019
$6,830,000
Park Woods Estates LLC
Dwell Partners LLC
Grant Deed
$6,066,064 · Lima One Cap
Oct 4, 2016
$4,595,500
Dwell Partners LLC
Dwell At Stone Mountain LLC
Grant Deed
related
$3,790,000 · Cbre Cap Markets
Aug 21, 2013
$2,100,000
Dwell Of Stone Mountain LLC
Mountain Springs I INC
Grant Deed
related
$2,100,000 · Quantum National Bank
Apr 2, 2007
$31,240,000
Mountain Springs I INC
3120 Broadway LLC
Grant Deed
—
Oct 12, 2005
$1,950,000
Stone Mtg Springs LLC
Stone Mtn Springs LLC
Trustees Deed
related
—
—
—
Mountain Springs 1 INC
—
Deed Of Trust
related
$1,432,500 · City National Bank
—
—
Mountain Springs 1 INC
—
Deed Of Trust
related
$1,820,000 · Everbank
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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