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Property profile & analytics
FOR LEASE
Distribution centers
105 Forest Pkwy Forest Park, GA 30297
Entity Owned
12-yr Hold
Free & Clear
Property ID
US22-1641215
For Lease
1 / 2
$10,950,000
105 Forest Pkwy, Forest Park, GA 30297
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2003
Total area
96,028 SF
Lot
21.02 ac (915,588 SF)
Zoning code
I
APN
13-052C- A-001
UPID
US22-1641215
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
-
Insight Equipment Inc-ATL (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Fokker Aerostructures, Inc. Corporate Office Factory
-
Cargo Brokers International Freight Service Logistics Company
-
Right Testing Labs Laboratory
-
Perfection Installation Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.85M
Comparable Approach
Comparable
$14.96M
Blend (final)
Blend
$10.95M
Owner & transaction history
Lit Industrial LP · 12 yrs held
Lit Industrial LP
since 2014
2 recorded transactions
Zoning & alternative use
I · Forest Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.2M
+88.8%
Office building
$15.9M
+74.6%
Neighborhood: shopping center
$13.6M
+49.1%
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 Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Park 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%
$11,750,000
6.5%
$10,845,000
7%
$10,070,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,095,000
Current use
COMMERCIAL (GENERAL)
$17,175,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$15,880,000
Change: +75% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,565,000
Change: +49% · Conversion: Moderate
Blend value · Realmo final
$10.95M
Range $9.86M – $12.05M · ±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
$114 / 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
$341,105
Tax year 2024
Assessed value
$8,556,280
Assessed 2024
Previous assessed
$8,650,120
-1.1% YoY
Effective rate
3.99%
On assessed value
Assessed land
$840,760
Assessed improvement
$7,715,520
Land market value
$2,101,900
Improvement market value
$19,288,800
Total market value
$21,390,700
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2003
Heating
NONE
Total area
96,028 SF
Lot
21.02 ac (915,588 SF)
Zoning code
I
APN
13-052C- A-001
UPID
US22-1641215
Jurisdiction
CLAYTON
Zoning & alternative use
I · Forest Park, GA
Zoning I · permitted uses
I · Forest Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$17.2M
OFFICE BUILDING
Est. value
$15.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Heating
NONE
Lot
21.02 ac
Current owner
From public records · entity-resolved
Lit Industrial LP
Entity
Free & Clear · 12 yrs held
Mailing address
3520 PO BOX 20197TH RD NE STE #410, ATLANTA, GA 30325-0197
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2014
$19,000,000
Lit Industrial LP
Atlanta Airlogistics Center II
Grant Deed
—
Apr 18, 2014
—
Lit Industrial LP
Atlanta Airlogistics Center II
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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