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Property profile & analytics
OFF-MARKET
Estimated value
$28,090,000
High-rise multifamily apartments
Pat Mell Rd, Marietta, GA 30060
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1220657
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1970
Total area
289,582 SF
Lot
21.01 ac (915,065 SF)
Zoning code
RM-12
APN
17013200380
UPID
US22-1220657
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
-
Lolo's Cafe Restaurant
-
Jimmy's Pat Mell Barber Shop Barber Shop
-
Bandido Wing House Restaurant
-
Shell Gas Station
-
Rite Stop Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$33.93M
Blend (final)
Blend
$28.09M
Owner & transaction history
Vcp Cobblestone LLC · 9 yrs held
Vcp Cobblestone LLC
since 2017
6 recorded transactions
Zoning & alternative use
RM-12 · Marietta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$45.6M
+2.7%
Commercial (general)
$45.3M
+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
by Request
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)
$44,350,000
Current use
OFFICE BUILDING
$45,555,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$45,255,000
Change: +2% · Conversion: Moderate
RETAIL STORES
$42,245,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$28.09M
Range $25.28M – $30.90M · ±10%
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
$97 / 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
$253,260
Tax year 2024
Assessed value
$8,400,000
Assessed 2024
Previous assessed
$11,675,040
-28.1% YoY
Effective rate
3.02%
On assessed value
Assessed land
$1,903,336
Assessed improvement
$6,496,664
Land market value
$4,758,340
Improvement market value
$16,241,660
Total market value
$21,000,000
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
1970
Heating
NONE
Buildings
22
Units
244
Total area
289,582 SF
Lot
21.01 ac (915,065 SF)
Zoning code
RM-12
APN
17013200380
UPID
US22-1220657
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
$44.4M
OFFICE BUILDING
Est. value
$45.6M
COMMERCIAL (GENERAL)
Est. value
$45.3M
RETAIL STORES
Est. value
$42.2M
APARTMENT HOUSE (5+ UNITS) Current
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
1970
Heating
NONE
Buildings
22
Units
244
Lot
21.01 ac
Current owner
From public records · entity-resolved
Vcp Cobblestone LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1460 WALDEN AVE, LAKEWOOD, NJ 08701-1547
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jul 7, 2017
—
Vcp Cobblestone LLC
Vcp Acquisitions LLC
Quit Claim Deed
related
—
Jul 7, 2017
$13,420,000
Diversified Trust Cobblestone LLC
Vcp Cobblestone LLC
Grant Deed
$10,266,000 · Berkadia Com'l Mtg
Apr 24, 2017
$3,019,300
Vcp Cobblestone LLC
Nauset LLC
Grant Deed
$3,019,222 · Private Individual
Apr 24, 2017
—
Nauset LLC
Vcp Cobblestone LLC
Grant Deed
related
—
Feb 16, 2016
$6,000,000
Vcp Cobblestone LLC
Ashton Windmill LP
Grant Deed
$5,500,000 · Arbor Com'l Fndg
Jul 27, 2005
$8,550,000
Ashton Windmill
Windmill Lake Apartments INC
Deed
$10,400,000 · Housing Auth/cobb
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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