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Property profile & analytics
OFF-MARKET
Estimated value
$31,255,000
Garden apartment buildings
875 Franklin SE Gtwy, Marietta, GA 30067-7948
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-1058650
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1983
Total area
343,570 SF
Lot
22.65 ac (986,808 SF)
Zoning code
PRD MF
APN
17071700040
UPID
US22-1058650
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.26M
Owner & transaction history
The Franklin At East Cobb LP · 5 yrs held
The Franklin At East Cobb LP
since 2021
Last sale
$35.3M
6 recorded transactions
Zoning & alternative use
PRD MF · Marietta, 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 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
$41,405,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$31.26M
Range $28.13M – $34.38M · ±10% · vs last sale $35.30M (Feb 12 2021)
Last sale anchor
$35.30M
Feb 12 2021
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
$91 / 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
$177,384
Tax year 2024
Assessed value
$20,967,320
Assessed 2024
Previous assessed
$22,847,640
-8.2% YoY
Effective rate
0.85%
On assessed value
Assessed land
$5,131,400
Assessed improvement
$15,835,920
Land market value
$12,828,500
Improvement market value
$39,589,800
Total market value
$52,418,300
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
1983
Heating
NONE
Buildings
5
Units
380
Total area
343,570 SF
Lot
22.65 ac (986,808 SF)
Zoning code
PRD MF
APN
17071700040
UPID
US22-1058650
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.
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Buildings
5
Units
380
Lot
22.65 ac
Current owner
From public records · entity-resolved
The Franklin At East Cobb LP
Entity
Mailing address
4890 W PO BOX 250509TH BLVD STE #240, ATLANTA, GA 30325-1509
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
—
Franklin At East Cobb LP
—
Deed
related
$48,140,000 · Berkeley Point Capital LLC
Feb 12, 2021
$35,300,000
The Franklin At East Cobb LP
Nava Crossings LLC
Limited Warranty Deed
$39,766 · Berkeley Point Capital LLC
Oct 5, 2017
—
Nava Crossings LLC
Hrtbh Wood Station LLC
Quit Claim Deed
related
—
Oct 5, 2017
$33,863,300
Nava Crossings LLC
Hrtbh Wood Station LLC
Trustees Deed
$74,200,000 · Miscellaneous Ins Co
Oct 20, 2014
$21,200,000
Hrtbh Wood Station LLC
Wood Glen Apartment Assocs LLC
Grant Deed
related
$16,200,000 · Prudential Multifamily Mtg
Jan 28, 2005
$18,500,000
Wood Glen Apartment Assocs LLC
Gables Realty
Grant Deed
$14,665,000 · Housing Authority/city/mariett
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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