New search
Property profile & analytics
OFF-MARKET
Estimated value
$104,245,000
Distribution centers
1015 Collinsworth Rd, Palmetto, GA 30268-1674
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2604934
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2018
Total area
1,000,200 SF
Lot
78.26 ac (3,409,006 SF)
Zoning code
R1
APN
129 7097 002
UPID
US22-2604934
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
-
SBS Warehouse & Storage
-
Yamaha Golf Cart Industrial Manufacturer Production Facility
-
BRP US Inc. Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$112.96M
Comparable Approach
Comparable
$120.85M
Blend (final)
Blend
$104.25M
Owner & transaction history
Coweta Owner LLC · 4 yrs held
Coweta Owner LLC
since 2021
Last sale
$102.0M
7 recorded transactions
Zoning & alternative use
R1 · Palmetto, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$131.2M
+34.1%
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 Palmetto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmetto 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
$107,390,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$122,370,000
6.5%
$112,960,000
7%
$104,890,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$97,790,000
Current use
RETAIL STORES
$131,175,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$104.25M
Range $93.82M – $114.67M · ±10% · vs last sale $102.00M (Sep 30 2021)
Last sale anchor
$102.00M
Sep 30 2021
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
$104 / 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
$648,861
Tax year 2024
Assessed value
$32,284,830
Assessed 2024
Previous assessed
$32,284,830
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$3,832,424
Assessed improvement
$28,452,406
Land market value
$9,581,059
Improvement market value
$71,131,014
Total market value
$80,712,073
Applied tax rate
14.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Total area
1,000,200 SF
Lot
78.26 ac (3,409,006 SF)
Zoning code
R1
APN
129 7097 002
UPID
US22-2604934
Jurisdiction
COWETA
Zoning & alternative use
R1 · Palmetto, GA
Zoning R1 · permitted uses
R1 · Palmetto, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmetto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$97.8M
RETAIL STORES
Est. value
$131.2M
WAREHOUSE, STORAGE Current
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
2018
Heating
NONE
Stories
1
Lot
78.26 ac
Current owner
From public records · entity-resolved
Coweta Owner LLC
Entity
Mailing address
3344 PEACHTREE RD NE STE #1200, ATLANTA, GA 30326-4809
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2022
—
Coweta Owner LLC
—
Deed
related
$593,200,000 · New York Life Insurance
Oct 1, 2021
—
Coweta Owner LLC
—
Deed
related
$94,250,000 · Capital One
Sep 30, 2021
$102,000,000
Coweta Owner LLC
Mnmcb Palmetto Owner LLC
Limited Warranty Deed
$94,250,000 · Capital One
Feb 15, 2019
$50,750,000
Mnmcb Almetto Owner LLC
Atpa Palmetto LLC
Grant Deed
—
Sep 17, 2018
$50,000
Palmetto Pad Ready LLC
Atpa Palmetto LLC
Grant Deed
related
—
May 7, 2018
$300,000
Palmetto Pad Ready LLC
Roye,joan M
Grant Deed
—
Apr 3, 2018
$10,000,000
Atpa Palmetto LLC
Palmetto Pad Ready LLC
Grant Deed
related
$36,200,000 · Wells Fargo Bk Nw NA
Dec 13, 2017
—
Palmetto Pad Ready LLC
—
Grant Deed
related
$6,868,000 · Camp Invs LP
Jul 5, 2017
—
Palmetto Pad Ready LLC
Brent West Village LLC
Grant Deed
related
—
Dec 4, 2015
$1,877,800
Brent West Village LLC
Premier South Investments LLC
Grant Deed
—
Oct 1, 2015
—
Premier South Investments LLC
Great Oak Ga Owner LLC
Quit Claim Deed
related
—
Oct 1, 2015
$1,800,000
Premier South Investments LLC
Great Oak Ga Owner LLC
Grant Deed
—
May 16, 2013
$4,210,000
United Cmnty Bk
Asset Holding Co 4 LLC
Trustees Deed
related
—
Jun 25, 2009
$900,000
William Douglas Walker
Hwg,limited Partnership No
Grant Deed
—
Jun 25, 2009
—
Weldon Park Investors LLC
Hwg,limited Partnership
Grant Deed
related
—
Mar 27, 2009
$380,000
Rags Holdings LLC
Hwg,limited Partnership No
Grant Deed
related
—
Nov 26, 2008
$350,000
Rags Holdings LLC
Hwg,limited Partnership No
Grant Deed
related
—
Nov 21, 2008
$225,000
Ppg Palmetto LLC
Hwg,limited Partnership No
Grant Deed
$858,500 · Heritage Bank
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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