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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Industrial properties
1165 Jones Fry Rd Elberton, GA 30635
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-2890168
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Construction
STEEL FRAME
Total area
5,320 SF
Lot
1.94 ac (84,506 SF)
Zoning code
I
APN
023 062
UPID
US22-2890168
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
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Majestic Memorials LLC · 4 yrs held
Majestic Memorials LLC
since 2022
Last sale
$663,000
4 recorded transactions
Zoning & alternative use
I · Elberton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I zone is established to protect and promote a suitable environment for light industrial purposes, including accessibility to major transportation facilities, and availability of adequate utilities and other public services, Industrial uses that cause obnoxious noise, vibrations, smoke, gas, fumes, odor, glare, fire hazards or other objectionable environ…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
571.95 ac
Source
Realmo
Top alternative use upside
Office building
$645,000
+199.2%
Auto repair, garage
$475,000
+121.3%
Restaurant
$465,000
+116.3%
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 Elberton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elberton 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
$710,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$645,000
Change: +199% · Conversion: Difficult
AUTO REPAIR, GARAGE
$475,000
Change: +121% · Conversion: Easy
RESTAURANT
$465,000
Change: +116% · Conversion: Difficult
COMMERCIAL (GENERAL)
$455,000
Change: +112% · Conversion: Difficult
WAREHOUSE, STORAGE
$420,000
Change: +95% · Conversion: Easy
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $663k (Mar 23 2022)
Last sale anchor
$663k
Mar 23 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
$133 / 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
$1,114
Tax year 2023
Assessed value
$46,440
Assessed 2023
Previous assessed
$46,440
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$7,760
Assessed improvement
$38,680
Land market value
$19,400
Improvement market value
$96,700
Total market value
$116,100
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
NONE
Total area
5,320 SF
Lot
1.94 ac (84,506 SF)
Zoning code
I
APN
023 062
UPID
US22-2890168
Jurisdiction
ELBERT
Zoning & alternative use
I · Elberton, GAZoning I · permitted uses
I · Elberton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I zone is established to protect and promote a suitable environment for light industrial purposes, including accessibility to major transportation facilities, and availability of adequate utilities and other public services, Industrial uses that cause obnoxious noise, vibrations, smoke, gas, fumes, odor, glare, fire hazards or other objectionable environment conditions are prohibited from this district
Zone name
Industrial
General category
INDUSTRIAL
Zone area
571.95 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$475,000
RESTAURANT
Est. value
$465,000
COMMERCIAL (GENERAL)
Est. value
$455,000
WAREHOUSE, STORAGE
Est. value
$420,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1974
Construction
STEEL FRAME
Heating
NONE
Lot
1.94 ac
Current owner
From public records · entity-resolved
Majestic Memorials LLC
Entity
Mailing address
2604 REAGIN DR, ELBERTON, GA 30635-4363
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 23, 2022
$663,000
Majestic Memorials LLC
Majestic Granite Company LLC
Warranty Deed
—
Jan 12, 2013
—
Robert Waite Farmer
Pinnacle Bank
Quit Claim Deed
related
—
Jun 29, 2011
—
Majestic Granite Company LLC
Robert W Worley
Quit Claim Deed
related
$83,520 · Pinnacle Bank
Jan 20, 2010
—
Majestic Granite Company LLC
Robert W Worley
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.
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