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Property profile & analytics
OFF-MARKET
Estimated value
$16,155,000
Distribution centers
1149 Citizens Pkwy Morrow, GA 30260-2929
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US22-1299911
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1982
Total area
191,673 SF
Lot
29.59 ac (1,288,940 SF)
Zoning code
HI
APN
12-081C- A-005
UPID
US22-1299911
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
-
Uaw Local 868 Advocacy Group
-
Chrysler Parts Distribution Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.65M
Comparable Approach
Comparable
$13.20M
Blend (final)
Blend
$16.16M
Owner & transaction history
1149 Citizens Pkwy LLC
1149 Citizens Pkwy LLC
since 2025
Last sale
$18.0M
5 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,450,000
6.5%
$21,645,000
7%
$20,100,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,605,000
Current use
Blend value · Realmo final
$16.16M
Range $14.54M – $17.77M · ±10% · vs last sale $18.00M (Jun 8 2025)
Last sale anchor
$18.00M
Jun 8 2025
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
$84 / 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
$204,958
Tax year 2024
Assessed value
$5,253,720
Assessed 2024
Previous assessed
$5,271,960
-0.3% YoY
Effective rate
3.90%
On assessed value
Assessed land
$603,640
Assessed improvement
$4,650,080
Land market value
$1,509,100
Improvement market value
$11,625,200
Total market value
$13,134,300
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
1982
Heating
NONE
Total area
191,673 SF
Lot
29.59 ac (1,288,940 SF)
Zoning code
HI
APN
12-081C- A-005
UPID
US22-1299911
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
$14.6M
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
1982
Heating
NONE
Lot
29.59 ac
Current owner
From public records · entity-resolved
1149 Citizens Pkwy LLC
Entity
Mailing address
1000 CHRYSLER DR, AUBURN HILLS, MI 48326-2766
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2025
$18,000,000
1149 Citizens Pkwy LLC
Fca Us LLC
Deed
$110,342,000 · Stonebriar Commercial Finance
Jul 25, 2020
—
Fca Us LLC
Chase Bk NA Jpmorgan
Quit Claim Deed
related
—
Aug 18, 2014
—
Chrysler Group LLC
—
Loan Modification
related
—
Jun 10, 2009
$9,500,000
New Carco Acquisition LLC
Chrysler Motors LLC
Grant Deed
—
—
—
Chrysler Group LLC
—
Deed Of Trust
related
$10,475,042 · Citibank NA
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
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