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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Warehouses
1249 Jennie SW Ln, Lilburn, GA 30047-6718
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1476824
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1998
Total area
5,400 SF
Lot
1.23 ac (53,579 SF)
Zoning code
C2-GENERAL BUSINESS
APN
R6079 017
UPID
US22-1476824
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
-
Blessed Limo Global Transportation Limousine Service
-
STUDIO 34 KK PRODUCTIONS (Bike/Boat/Book/etc) Store Photography Service
-
Kokobu Express Liquidation Big Box & Wholesale Store Discount Store
-
EasyEvents Rental Party Supply Store Rental Equipment Company
-
GOGO AI WEB Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$794k
Blend (final)
Blend
$875k
Owner & transaction history
Eason III Properties LLC · 19 yrs held
Eason III Properties LLC
since 2007
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
C2-GENERAL BUSINESS · Lilburn, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+65.0%
Office building
$1.3M
+52.8%
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 Lilburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lilburn 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%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$860,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,425,000
Change: +65% · Conversion: Moderate
OFFICE BUILDING
$1,320,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $1.05M (Nov 19 2024)
Last sale anchor
$1.05M
Nov 19 2024
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
$162 / 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
$8,945
Tax year 2024
Assessed value
$241,760
Assessed 2024
Previous assessed
$184,160
+31.3% YoY
Effective rate
3.70%
On assessed value
Assessed land
$82,520
Assessed improvement
$159,240
Land market value
$206,300
Improvement market value
$398,100
Total market value
$604,400
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1998
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
5,400 SF
Lot
1.23 ac (53,579 SF)
Zoning code
C2-GENERAL BUSINESS
APN
R6079 017
UPID
US22-1476824
Jurisdiction
GWINNETT
Zoning & alternative use
C2-GENERAL BUSINESS · Lilburn, GA
Zoning C2-GENERAL BUSINESS · permitted uses
C2-GENERAL BUSINESS · Lilburn, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lilburn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$860,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1998
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.23 ac
Current owner
From public records · entity-resolved
Eason III Properties LLC
Entity
Free & Clear · 19 yrs held
Mailing address
3906 LK JULIETTE DR, BUFORD, GA 30519-1880
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
May 21, 2007
—
Eason III Properties LLC
Eason,charles W SR
Quit Claim Deed
related
—
May 15, 2007
—
Eason Properties LLC
Eason,charles W
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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