Entity Owned Property summary
AI-generated overview
The property consists of approximately 7,500 square feet of combined office and production space with an additional approximately 750 square feet of warehouse area, for a total of about 8,250 square feet. It includes one dock-high door and one drive-in ramp to support loading and unloading. The building is equipped with wet sprinklers for fire suppression. Zoning is M1 in Gwinnett County, and the site is located within about one mile of I-85.
Property profile
Verified
Property type
Other warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1992
Total area
8,098 SF
Lot
0.94 ac (40,946 SF)
Zoning code
OBP-OFFICE-BUSINESS PARK
APN
R6186 044
UPID
US22-1256894
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Home Appliance Store
-
Engineering Consultant Mapping Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
$915k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
since 2024
Last sale
$1.3M
1 recorded transaction
Zoning & alternative use
OBP-OFFICE-BUSINESS PARK · Norcross, GA
Top alternative use upside
Neighborhood: shopping center
$2.1M
+19.0%
Office building
$2.0M
+10.2%
Commercial (general)
$1.9M
+4.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.29M
Value range
$1.16M – $1.42M
±10% around blend
Estimated value / SF
$159 / SF
Confidence
High
9 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
90
$1.16M
blend $1.29M
$1.42M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,098 SF
Lot area
0.94 ac
Year built
1992
Stories
1
APN
R6186 044
Zoning
OBP-OFFICE-BUSINESS PARK
Assessed value
$466,400
Annual tax
$19,063
3
Income approach: direct capitalization
Partial preview
Income approach indication
$915k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$990k
@ 6.5% CAP return
$915k
@ 7% CAP return
$850k
4
Sales comparison
Partial preview
Sales approach indication
$1.61M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.7 mi away · 7,875 SF
6.8 mi away · 10,192 SF
7.5 mi away · 9,000 SF
11.4 mi away · 7,660 SF
11.8 mi away · 6,290 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.29M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 59 sales
$221
-28%
Submarket 139 sales
$168
-5%
County 421 sales
$160
0%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $159/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+19%
vs current-use indication
Office Building
Commercial (general)
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
4.60%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.60%
9.0%
NOI (est.)
$90k *
Last sale · Aug 2024
$1.29M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.96M
Move the market yield to see immediate price impact.
Value / SF
$242
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.10%4.60%5.10%
$81k
$1.98M
$1.77M
$1.59M
$90k
$2.20M
$1.96M
$1.77M
$99k
$2.42M
$2.16M
$1.95M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$1.65M
3.4 mi · Oct 2025 · $165/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,063
Tax year 2024
Assessed value
$466,400
Assessed 2024
Previous assessed
$337,200
+38.3% YoY
Effective rate
4.09%
On assessed value
Assessed land
$176,880
Assessed improvement
$289,520
Land market value
$442,200
Improvement market value
$723,800
Total market value
$1,166,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1992
Heating
YES
Cooling
NONE
Stories
1
Total area
8,098 SF
Lot
0.94 ac (40,946 SF)
Zoning code
OBP-OFFICE-BUSINESS PARK
APN
R6186 044
UPID
US22-1256894
Jurisdiction
GWINNETT
Zoning & alternative use
OBP-OFFICE-BUSINESS PARK · Norcross, GAZoning OBP-OFFICE-BUSINESS PARK · permitted uses
OBP-OFFICE-BUSINESS PARK · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Heating
YES
Cooling
Yes
Stories
1
Lot
0.94 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
OBP-OFFICE-BUSINESS PARK
Jurisdiction
Norcross, GA
Recorded code
OBP-OFFICE-BUSINESS PARK
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OBP-OFFICE-BUSINESS PARK in Norcross, GA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
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See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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