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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Parking lots & garages
Cleveland Ave East Point, GA 30344
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-3276464
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.23 ac (10,062 SF)
Zoning code
R3
APN
14 010100030477
UPID
US22-3276464
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
$2.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.02M
Owner & transaction history
Jpmorgan Chase Bank National Associ · 3 yrs held
Jpmorgan Chase Bank National Associ
since 2022
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
R3 · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R3 District is intended to provide land areas devoted to medium to high density residential uses. The district also provides for closely related uses.
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
274.49 ac
Source
Realmo
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 East Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Point 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
$1,960,000
ML approach
$2,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±10% · vs last sale $2.01M (Dec 15 2022)
Last sale anchor
$2.01M
Dec 15 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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$778
Tax year 2023
Assessed value
$27,560
Assessed 2023
Previous assessed
$27,880
-1.1% YoY
Effective rate
2.82%
On assessed value
Assessed land
$25,400
Assessed improvement
$2,160
Land market value
$63,500
Improvement market value
$5,400
Total market value
$68,900
Applied tax rate
20.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
0.23 ac (10,062 SF)
Zoning code
R3
APN
14 010100030477
UPID
US22-3276464
Jurisdiction
FULTON
Zoning & alternative use
R3 · East Point, GAZoning R3 · permitted uses
R3 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R3 District is intended to provide land areas devoted to medium to high density residential uses. The district also provides for closely related uses.
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
274.49 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
Jpmorgan Chase Bank National Associ
Entity
Free & Clear · 3 yrs held
Mailing address
1111 POLARIS PKWY, COLUMBUS, OH 43240-2031
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
$2,010,000
Jpmorgan Chase Bank National Associ
Wdg East Point LLC
Warranty Deed
—
Oct 1, 2020
—
Wdg East Point LLC
Cornelia Hicks
Quit Claim Deed
related
—
Oct 1, 2020
$925,000
Wdg East Point LLC
Cornelia Hicks
Grant Deed
—
Feb 3, 2016
—
Cornelia Hicks
Hicks,marvin P III
Quit Claim Deed
related
—
Jul 30, 2012
—
Marvin P Hicks III
Hicks Marvin P JR
Quit Claim 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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