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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Warehouses
131 Magnolia St Norcross, GA 30071-2560
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0423470
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2001
Total area
3,600 SF
Lot
0.41 ac (17,860 SF)
Zoning code
AB3
APN
R6243 045
UPID
US22-0423470
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
-
North Side Pallets Waste Management Facility Hazardous Waste Disposal
-
Designs In Flowers (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$750k
Owner & transaction history
Carlyle Street Investments LLC · 2 yrs held
Carlyle Street Investments LLC
since 2023
Last sale
$725,000
6 recorded transactions
Zoning & alternative use
AB3 · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+119.0%
Retail stores
$970,000
+84.7%
Neighborhood: shopping center
$950,000
+80.1%
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 Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross 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
$790,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$525,000
Current use
MEDICAL BUILDING
$1,155,000
Change: +119% · Conversion: Difficult
RETAIL STORES
$970,000
Change: +85% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$950,000
Change: +80% · Conversion: Moderate
OFFICE BUILDING
$880,000
Change: +67% · Conversion: Difficult
COMMERCIAL (GENERAL)
$775,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $725k (Oct 12 2023)
Last sale anchor
$725k
Oct 12 2023
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
$208 / 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
$6,627
Tax year 2024
Assessed value
$184,080
Assessed 2024
Previous assessed
$221,200
-16.8% YoY
Effective rate
3.60%
On assessed value
Assessed land
$40,160
Assessed improvement
$143,920
Land market value
$100,400
Improvement market value
$359,800
Total market value
$460,200
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
2001
Heating
YES
Cooling
NONE
Stories
1
Rooms
4
Bathrooms
1
Total area
3,600 SF
Lot
0.41 ac (17,860 SF)
Zoning code
AB3
APN
R6243 045
UPID
US22-0423470
Jurisdiction
GWINNETT
Zoning & alternative use
AB3 · Norcross, GA
Zoning AB3 · permitted uses
AB3 · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$525,000
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$950,000
OFFICE BUILDING
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$775,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2001
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Carlyle Street Investments LLC
Entity
Mailing address
675 SEMINOLE AVE NE STE #301, ATLANTA, GA 30307-3414
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2023
$725,000
Carlyle Street Investments LLC
Kevin T Kucera
Warranty Deed
$1,450,000 · Silverleaf Funds
Oct 12, 2023
—
Carlyle Street Investments LLC
Kevin T Kucera
Quit Claim Deed
related
—
Jan 15, 2021
—
Kevin T Kucera
—
Deed
related
$358,800 · Piedmont Bk
—
—
Kevin Kucera
—
Deed Of Trust
related
$383,295 · First Security National Bank
—
—
Kevin T Kucera
—
Loan Modification
related
$358,800 · Piedmont Bk
—
—
Kevin Kucera
—
Deed Of Trust
related
$383,295 · First Security National Bank
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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