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Property profile & analytics
OFF-MARKET
Estimated value
$30,820,000
High-rise multifamily apartments
880 Cobb Dr Se Ofc, Marietta, GA 30060-3196
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US22-1498177
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1985
Total area
222,906 SF
Lot
18.96 ac (825,898 SF)
Zoning code
RM-12
APN
17022000320
UPID
US22-1498177
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 Bentley at Marietta Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$28.31M
Blend (final)
Blend
$30.82M
Owner & transaction history
Bentley At Marietta LP · 6 yrs held
Bentley At Marietta LP
since 2020
Last sale
$31.5M
7 recorded transactions
Zoning & alternative use
RM-12 · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$49.1M
+43.8%
Office building
$35.1M
+2.7%
Commercial (general)
$34.8M
+2.0%
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
$31,975,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$34,140,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$49,075,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$35,070,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$34,835,000
Change: +2% · Conversion: Moderate
RETAIL STORES
$32,520,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$30.82M
Range $27.74M – $33.90M · ±10% · vs last sale $31.50M (Jun 18 2020)
Last sale anchor
$31.50M
Jun 18 2020
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
$138 / 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
$413,791
Tax year 2024
Assessed value
$13,724,400
Assessed 2024
Previous assessed
$12,169,200
+12.8% YoY
Effective rate
3.02%
On assessed value
Assessed land
$3,314,780
Assessed improvement
$10,409,620
Land market value
$8,286,950
Improvement market value
$26,024,050
Total market value
$34,311,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1985
Heating
NONE
Buildings
9
Units
222
Total area
222,906 SF
Lot
18.96 ac (825,898 SF)
Zoning code
RM-12
APN
17022000320
UPID
US22-1498177
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
$34.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$49.1M
OFFICE BUILDING
Est. value
$35.1M
COMMERCIAL (GENERAL)
Est. value
$34.8M
RETAIL STORES
Est. value
$32.5M
APARTMENT HOUSE (5+ UNITS) Current
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
1985
Heating
NONE
Buildings
9
Units
222
Lot
18.96 ac
Current owner
From public records · entity-resolved
Bentley At Marietta LP
Entity
Mailing address
3520 PO BOX 250509TH RD NE STE #410, ATLANTA, GA 30325-1509
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2020
$31,500,000
Bentley At Marietta LP
880 Lakeside LLC
Grant Deed
$22,805,000 · Alliant Cu
May 16, 2016
$17,500,000
880 Lakeside LLC
Poh Lakefront LLC
Grant Deed
$14,080,000 · Greystone Svcg
Jun 17, 2013
$2,900,000
Poh Lakefront LLC
Garrison Lakes Vista LLC
Grant Deed
—
Jan 13, 2012
—
Garrison Lakes Vista LLC
Garrison Plantation Ltd
Quit Claim Deed
related
$8,300,000 · Ucf I Trust 1 (ct)
Jan 13, 2012
$8,325,000
Garrison Lakes Vista LLC
Garrison Plantation Ltd
Grant Deed
related
—
Mar 31, 2009
—
Laurie C Yancey
Garrison Plantation Ltd
Quit Claim Deed
related
—
Mar 6, 2009
—
Laurie C Yancey
Garrison Plantation Ltd
Grant Deed
related
—
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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