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Property profile & analytics
OFF-MARKET
Estimated value
$45,030,000
Garden apartment buildings
Reinhardt College Canton, GA 30114
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-3368568
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2020
Construction
WOOD
Total area
223,788 SF
Lot
26.25 ac (1,143,450 SF)
Zoning code
RM-15
APN
14N16 031 A
UPID
US22-3368568
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
$46.25M
Comparable Approach
Comparable
$43.81M
Blend (final)
Blend
$45.03M
Owner & transaction history
Legends At Laurel Canyon LLC · 8 yrs held
Legends At Laurel Canyon LLC
since 2018
5 recorded transactions
Zoning & alternative use
RM-15 · Canton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide for multi family residences which are connected to public water and public sewer systems Multiple family residential dwelling units shall require conditional use approval
Zone name
Multiple Family Residential 15 Dwelling Per Acre
General category
RESIDENTIAL
Zone area
243.26 ac
Source
Realmo
Top alternative use upside
Office building
$46.8M
+24.8%
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 Canton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canton 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%
$50,105,000
6.5%
$46,250,000
7%
$42,950,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$37,530,000
Current use
OFFICE BUILDING
$46,820,000
Change: +25% · Conversion: Moderate
MEDICAL BUILDING
$36,850,000
Change: -2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$32,680,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$45.03M
Range $40.53M – $49.53M · ±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
$201 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$529,136
Tax year 2023
Assessed value
$18,437,440
Assessed 2023
Previous assessed
$18,437,440
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$1,636,726
Assessed improvement
$16,800,714
Land market value
$4,091,815
Improvement market value
$42,001,785
Total market value
$46,093,600
Applied tax rate
3.0000
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
2020
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
10
Total area
223,788 SF
Lot
26.25 ac (1,143,450 SF)
Zoning code
RM-15
APN
14N16 031 A
UPID
US22-3368568
Jurisdiction
CHEROKEE
Zoning & alternative use
RM-15 · Canton, GAZoning RM-15 · permitted uses
RM-15 · Canton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide for multi family residences which are connected to public water and public sewer systems Multiple family residential dwelling units shall require conditional use approval
Zone name
Multiple Family Residential 15 Dwelling Per Acre
General category
RESIDENTIAL
Zone area
243.26 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$37.5M
OFFICE BUILDING
Est. value
$46.8M
MEDICAL BUILDING
Est. value
$36.9M
COMMERCIAL (GENERAL)
Est. value
$32.7M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2020
Construction
WOOD
Heating
YES
Cooling
Yes
Buildings
10
Lot
26.25 ac
Current owner
From public records · entity-resolved
Legends At Laurel Canyon LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3095 VINEVILLE AVE, MACON, GA 31204-2460
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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 27, 2018
—
Legends At Laurel Canyon LLC
—
Grant Deed
related
$29,375,000 · First Tennessee Bk NA
Apr 27, 2018
—
Legends At Laurel Canyon LLC
Rsjit Properties LLC
Quit Claim Deed
related
—
Apr 27, 2018
$2,805,000
Legends At Laurel Canyon LLC
Rsjit Properties LLC
Grant Deed
—
Oct 12, 2017
—
Robert S Jordan
Baker,sylvia F
Quit Claim Deed
related
—
Dec 28, 2012
—
Rsjit Properties LLC
Jordan,robert S SR
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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