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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Manufacturing properties
11861 Veterans Memorial Hwy Douglasville, GA 30134-4574
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0578865
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,000 SF
Lot
5 ac (217,800 SF)
Zoning code
C-H
APN
0745-18-2- -00012
UPID
US22-0578865
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
$1.36M
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.38M
Owner & transaction history
11861 Douglasville Ga LLC · 4 yrs held
11861 Douglasville Ga LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
C-H · Douglasville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+25.4%
Warehouse, storage
$1.8M
+0.9%
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 Douglasville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Douglasville 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
$1,385,000
ML approach
$1,360,000
CAP Approach
CAP Return
Estimation
6%
$2,030,000
6.5%
$1,875,000
7%
$1,740,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,785,000
Current use
AUTO REPAIR, GARAGE
$2,240,000
Change: +25% · Conversion: Easy
WAREHOUSE, STORAGE
$1,800,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.38M (Aug 24 2021)
Last sale anchor
$1.38M
Aug 24 2021
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
$69 / 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
$10,514
Tax year 2024
Assessed value
$334,160
Assessed 2024
Previous assessed
$334,160
+0.0% YoY
Effective rate
3.15%
On assessed value
Assessed land
$61,320
Assessed improvement
$272,840
Land market value
$153,300
Improvement market value
$682,100
Total market value
$835,400
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
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
20,000 SF
Lot
5 ac (217,800 SF)
Zoning code
C-H
APN
0745-18-2- -00012
UPID
US22-0578865
Jurisdiction
DOUGLAS
Zoning & alternative use
C-H · Douglasville, GA
Zoning C-H · permitted uses
C-H · Douglasville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Douglasville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
5 ac
Current owner
From public records · entity-resolved
11861 Douglasville Ga LLC
Entity
Mailing address
1600 NW 165TH ST, NORTH MIAMI BEACH, FL 33169-5643
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
—
11861 Douglasville Ga LLC
—
Deed
related
$727,465 · Southstate Bank
Aug 24, 2021
$1,375,000
11861 Douglasville Ga LLC
Jap Property Management LLC
Limited Warranty Deed
$825,000 · South State Bank
Dec 27, 2019
$800,000
Jap Property Management LLC
Jst Capital LLC
Grant Deed
—
Apr 12, 2017
—
Jst Capital LLC
—
Deed
related
$1,008,000 · Servisfirst Bk
Jun 19, 2007
$800,000
Jst Capital LLC
Carousel Designs Ltd
Grant Deed
related
$650,000 · Carousel Designs Ltd
Jun 1, 2007
$800,000
Jst Capital LLC
Carousel Designs Ltd
Grant Deed
related
$650,000 · Carousel Designs Ltd
—
—
Jst Capital LLC
—
Deed Of Trust
related
$1,008,000 · Servisfirst Bk
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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