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Property profile & analytics
OFF-MARKET
Estimated value
$14,315,000
Warehouses
1380 Monticello Rd Madison, GA 30650-4663
Entity Owned
18-yr Hold
Free & Clear
Property ID
US22-3729435
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Total area
181,127 SF
Lot
74.3 ac (3,236,508 SF)
Zoning code
I2
APN
037C 005
UPID
US22-3729435
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
-
Morgan County Sheriff's Office Sheriff'S Department
-
Morgan County Detention Center Government Office
-
Morgan County Fire Department County Government Office
-
Morgan County Communications County Government Office
-
Providence Community Corrections Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.57M
Blend (final)
Blend
$14.32M
Owner & transaction history
Morgan County Building Authori · 18 yrs held
Morgan County Building Authori
since 2007
1 recorded transaction
Zoning & alternative use
I2 · Madison, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$20.8M
+143.5%
Restaurant
$20.0M
+133.5%
Commercial (general)
$16.6M
+93.9%
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$20,825,000
Change: +143% · Conversion: Difficult
RESTAURANT
$19,965,000
Change: +133% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,580,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,565,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$14.32M
Range $12.88M – $15.75M · ±10%
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
$79 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$10,057,528
Assessed 2023
Previous assessed
$10,057,528
+0.0% YoY
Assessed land
$855,936
Assessed improvement
$9,201,592
Land market value
$2,139,840
Improvement market value
$23,003,980
Total market value
$25,143,820
Applied tax rate
2.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
NONE
Total area
181,127 SF
Lot
74.3 ac (3,236,508 SF)
Zoning code
I2
APN
037C 005
UPID
US22-3729435
Jurisdiction
MORGAN
Zoning & alternative use
I2 · Madison, GA
Zoning I2 · permitted uses
I2 · Madison, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$20.8M
RESTAURANT
Est. value
$20.0M
COMMERCIAL (GENERAL)
Est. value
$16.6M
AUTO REPAIR, GARAGE
Est. value
$12.6M
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1996
Heating
NONE
Lot
74.3 ac
Current owner
From public records · entity-resolved
Morgan County Building Authori
Entity
Free & Clear · 18 yrs held
Mailing address
150 E WASHINGTON ST #100, MADISON, GA 30650-1306
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2007
—
Morgan County Building Authori
Denon Digital LLC
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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