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Property profile & analytics
OFF-MARKET
Estimated value
$10,205,000
Distribution centers
1040 Southern Rd Morrow, GA 30260-2926
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4599436
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Total area
208,440 SF
Lot
10.36 ac (451,282 SF)
Zoning code
HI
APN
13-176B- A-003
UPID
US22-4599436
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
-
M&W Distribution Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.93M
Blend (final)
Blend
$10.21M
Owner & transaction history
Es 1040 Southern LLC · 5 yrs held
Es 1040 Southern LLC
since 2020
Last sale
$10.5M
6 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
$13,290,000
ML approach
$9,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,885,000
Current use
Blend value · Realmo final
$10.21M
Range $9.18M – $11.23M · ±10% · vs last sale $10.49M (Oct 29 2020)
Last sale anchor
$10.49M
Oct 29 2020
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
$49 / 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
$130,245
Tax year 2024
Assessed value
$3,338,600
Assessed 2024
Previous assessed
$3,384,320
-1.4% YoY
Effective rate
3.90%
On assessed value
Assessed land
$248,640
Assessed improvement
$3,089,960
Land market value
$621,600
Improvement market value
$7,724,900
Total market value
$8,346,500
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
1979
Heating
NONE
Total area
208,440 SF
Lot
10.36 ac (451,282 SF)
Zoning code
HI
APN
13-176B- A-003
UPID
US22-4599436
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
$15.9M
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
1979
Heating
NONE
Lot
10.36 ac
Current owner
From public records · entity-resolved
Es 1040 Southern LLC
Entity
Mailing address
101 W ELM ST STE #600, CONSHOHOCKEN, PA 19428-2075
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Nov 11, 2020
$10,494,200
Es 1040 Southern LLC
Gcp Southern Road LLC
Grant Deed
related
$793,200,000 · Metlife R/e Lndg LLC
Feb 6, 2017
—
Gcp-southern Road LLC
—
Loan Modification
related
$200,000,000 · Wells Fargo Bk
Jan 4, 2016
$7,120,000
Gcp Southern Road LLC
Pfiilp Southern Road LLC
Warranty Deed
—
Jun 11, 2015
$4,750,000
Pfiilp-southern Road LLC
Sealy Morrow LP
Grant Deed
$3,443,409 · Texas Cap Bk
Mar 6, 2008
$6,312,400
Morrow LP Sealy
Southern,bonded Warehouse
Grant Deed
—
Mar 6, 2008
—
Morrow LP Sealy
Southern,bonded Warehouse
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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