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Property profile & analytics
OFF-MARKET
Estimated value
$5,315,000
Distribution centers
1035 Fred Dr Morrow, GA 30260-2203
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1119313
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1976
Total area
99,966 SF
Lot
4.9 ac (213,444 SF)
Zoning code
HI
APN
13-145A- E-005
UPID
US22-1119313
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
-
Studio Moulding Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.76M
Blend (final)
Blend
$5.32M
Owner & transaction history
Iv3 Morrow Distribution Portfolio L · 4 yrs held
Iv3 Morrow Distribution Portfolio L
since 2022
Last sale
$6.9M
4 recorded transactions
Zoning & alternative use
HI · Morrow, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Morrow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrow 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
$4,785,000
ML approach
$5,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,615,000
Current use
Blend value · Realmo final
$5.32M
Range $4.78M – $5.85M · ±10% · vs last sale $6.94M (Mar 21 2022)
Last sale anchor
$6.94M
Mar 21 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
$53 / 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
$36,105
Tax year 2024
Assessed value
$1,781,600
Assessed 2024
Previous assessed
$925,480
+92.5% YoY
Effective rate
2.03%
On assessed value
Assessed land
$117,600
Assessed improvement
$1,664,000
Land market value
$294,000
Improvement market value
$4,160,000
Total market value
$4,454,000
Applied tax rate
8.0000
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
1976
Heating
NONE
Total area
99,966 SF
Lot
4.9 ac (213,444 SF)
Zoning code
HI
APN
13-145A- E-005
UPID
US22-1119313
Jurisdiction
CLAYTON
Zoning & alternative use
HI · Morrow, GA
Zoning HI · permitted uses
HI · Morrow, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrow. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.6M
WAREHOUSE, STORAGE Current
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
1976
Heating
NONE
Lot
4.9 ac
Current owner
From public records · entity-resolved
Iv3 Morrow Distribution Portfolio L
Individual
Free & Clear · 4 yrs held
Mailing address
250 VESEY ST FL, NEW YORK, NY 10281
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
$6,937,961
Iv3 Morrow Distribution Portfolio L
Titan Terminal Properties LP
Limited Warranty Deed
—
Jul 26, 2016
—
Titan Terminal Properties LP
Srw Georgia LLC
Quit Claim Deed
related
—
Jul 26, 2016
$1,975,000
Titan Terminal Properties LP
Srw Georgia LLC
Grant Deed
$1,777,500 · Pinnacle Bk
Jun 29, 2004
$2,000,000
Srw Georgia LLC
Highwoods Realty
Grant Deed
$1,500,000 · Comerica Bk
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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