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Property profile & analytics
OFF-MARKET
Estimated value
$15,515,000
Manufacturing properties
1361 Southern Rd Morrow, GA 30260-2921
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-1275249
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1975
Total area
250,048 SF
Lot
31.8 ac (1,385,208 SF)
Zoning code
HI
APN
12-081D- D-001
UPID
US22-1275249
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
-
Fresh Express Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.52M
Owner & transaction history
Fresh Express INC · 6 yrs held
Fresh Express INC
since 2020
5 recorded transactions
Zoning & alternative use
HI · Morrow, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$62 / 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
$266,525
Tax year 2024
Assessed value
$6,831,880
Assessed 2024
Previous assessed
$4,479,880
+52.5% YoY
Effective rate
3.90%
On assessed value
Assessed land
$763,200
Assessed improvement
$6,068,680
Land market value
$1,908,000
Improvement market value
$15,171,700
Total market value
$17,079,700
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
Off-Market
Year built
1975
Heating
NONE
Total area
250,048 SF
Lot
31.8 ac (1,385,208 SF)
Zoning code
HI
APN
12-081D- D-001
UPID
US22-1275249
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.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Lot
31.8 ac
Current owner
From public records · entity-resolved
Fresh Express INC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 460389, HOUSTON, TX 77056-8389
Ownership since
2020
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 27, 2020
—
Fresh Express INC
Bank Of America NA
Quit Claim Deed
related
—
Jun 11, 2013
—
Fresh Express INC
—
Deed Of Trust
related
$425,000,000 · Wells Fargo Bank
Aug 12, 2011
—
Fresh Express INC
—
Deed Of Trust
related
$1,060,000,000 · Cooperatieve Centrale Raiffese
Jul 7, 2005
—
Fresh-cuts LLC
—
Grant Deed
related
$600,000,000 · Wachovia Bk/sc
—
—
Fresh Express INC
—
Deed Of Trust
related
$150,000,000 · Bank Of America
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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