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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Warehouses
1335 Citizens Pkwy Morrow, GA 30260
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-1763220
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
14,410 SF
Lot
1.13 ac (49,223 SF)
Zoning code
HI
APN
12-081C- A-013
UPID
US22-1763220
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
$1.50M
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
$937k
Blend (final)
Blend
$1.50M
Owner & transaction history
Morrow Development Partners LLC · 2 yrs held
Morrow Development Partners LLC
since 2024
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
HI · Morrow, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+117.0%
Commercial (general)
$2.2M
+95.9%
Neighborhood: shopping center
$2.0M
+85.4%
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
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
$1,765,000
6.5%
$1,625,000
7%
$1,510,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,100,000
Current use
OFFICE BUILDING
$2,385,000
Change: +117% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,150,000
Change: +96% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,035,000
Change: +85% · Conversion: Moderate
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Feb 5 2024)
Last sale anchor
$1.50M
Feb 5 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
$104 / 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
$14,550
Tax year 2024
Assessed value
$372,960
Assessed 2024
Previous assessed
$262,800
+41.9% YoY
Effective rate
3.90%
On assessed value
Assessed land
$27,120
Assessed improvement
$345,840
Land market value
$67,800
Improvement market value
$864,600
Total market value
$932,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Heating
NONE
Total area
14,410 SF
Lot
1.13 ac (49,223 SF)
Zoning code
HI
APN
12-081C- A-013
UPID
US22-1763220
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
$1.1M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Heating
NONE
Lot
1.13 ac
Current owner
From public records · entity-resolved
Morrow Development Partners LLC
Entity
Mailing address
1335 CITIZENS PKWY, MORROW, GA 30260
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Feb 5, 2024
$1,500,000
Morrow Development Partners LLC
Cpt Citizens Parkway LLC
Warranty Deed
$4,235,300 · Renasant Bank
Apr 5, 2022
—
Cpt Citizens Parkway LLC
—
Deed
related
$407,960 · Morris Bank
Aug 29, 2017
$390,000
Cpt Citizens Parkway LLC
Hsb Properties II LLC
Grant Deed
$235,000 · Morris Bk
Aug 29, 2017
—
Cpt Citizens Parkway LLC
Hsb Properties II LLC
Quit Claim Deed
related
—
Jan 5, 2017
$706,900
Hsb Properties II LLC
Citizens Parkway Invs LLC
Trustees Deed
—
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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