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Property profile & analytics
OFF-MARKET
Estimated value
$13,450,000
Warehouses
1122 Milledge St East Point, GA 30344-1803
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0139810
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1951
Total area
213,950 SF
Lot
15.71 ac (684,328 SF)
Zoning code
I1
APN
14 0123 LL0525
UPID
US22-0139810
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.45M
Owner & transaction history
Milledge Equities LLC · 12 yrs held
Milledge Equities LLC
since 2013
7 recorded transactions
Zoning & alternative use
I1 · East Point, 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 East Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Point 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$63 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$79,033
Tax year 2023
Assessed value
$3,940,440
Assessed 2024
Previous assessed
$2,800,000
+40.7% YoY
Effective rate
2.01%
On assessed value
Assessed land
$1,437,080
Assessed improvement
$2,503,360
Land market value
$3,592,700
Improvement market value
$6,258,400
Total market value
$9,851,100
Applied tax rate
20.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1951
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
213,950 SF
Lot
15.71 ac (684,328 SF)
Zoning code
I1
APN
14 0123 LL0525
UPID
US22-0139810
Jurisdiction
FULTON
Zoning & alternative use
I1 · East Point, GA
Zoning I1 · permitted uses
I1 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Point. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
15.71 ac
Current owner
From public records · entity-resolved
Milledge Equities LLC
Entity
Mailing address
1460 WALDEN AVE, LAKEWOOD, NJ 08701-1547
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2013
$5,814,000
Milledge Equities LLC
South Central Fifty Ptrs LLC
Grant Deed
related
—
Jan 4, 2013
—
Jm Boles Family LP LP
Excel FCU
Quit Claim Deed
related
—
Dec 26, 2012
—
South Central Fifty Ptrs LLC
J M Boles Family LP
Quit Claim Deed
related
$6,400,000 · State Bk&tr
Dec 26, 2012
$13,900,000
South Central Fifty Ptrs LLC
J M Boles Family LP
Grant Deed
related
$3,600,000 · State Bank & Trust
Mar 26, 2009
$2,875,000
J,m Boles Family Limited Partn
Milledge Street LLC
Grant Deed
related
—
May 3, 2006
—
Milledge Street LLC
—
Trustees Deed
related
$4,000,000 · Gwinnett Bkng
Dec 20, 2005
—
Jm Boles Family LP
—
Trustees Deed
related
$4,000,000 · Gwinnett Bkng
Jun 29, 2005
$2,875,000
Milledge Street LLC
First Industrial Dev Svcs INC
Grant Deed
—
Jan 7, 2005
$1,400,000
First Industrial Dev Svcs INC
Msci 1998-cf1 Milledge LLC
Grant Deed
related
—
—
—
Milledge Street LLC
—
Deed Of Trust
related
$400,000 · Gwinnett Banking Co
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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