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Property profile & analytics
OFF-MARKET
Estimated value
$5,640,000
Distribution centers
1403 Blairs Brg Rd Lithia Springs, GA 30122-3210
Entity Owned
Free & Clear
Property ID
US22-0388702
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2003
Construction
CONCRETE
Total area
100,000 SF
Lot
6.93 ac (301,871 SF)
Zoning code
IL
APN
0675-18-2- -00002
UPID
US22-0388702
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
-
Destiny Auto Services Auto Parts Store
-
Southern Tea Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.64M
Owner & transaction history
Lithia Springs Properties LLC
Lithia Springs Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
IL · Lithia Springs, 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 Lithia Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithia Springs 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
WAREHOUSE, STORAGE
$9,010,000
Current use
INDUSTRIAL (GENERAL)
$8,930,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$5.64M
Range $5.08M – $6.20M · ±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
$56 / 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
$100,111
Tax year 2024
Assessed value
$2,408,720
Assessed 2024
Previous assessed
$2,350,520
+2.5% YoY
Effective rate
4.16%
On assessed value
Assessed land
$196,800
Assessed improvement
$2,211,920
Land market value
$492,000
Improvement market value
$5,529,800
Total market value
$6,021,800
Applied tax rate
3.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
100,000 SF
Lot
6.93 ac (301,871 SF)
Zoning code
IL
APN
0675-18-2- -00002
UPID
US22-0388702
Jurisdiction
DOUGLAS
Zoning & alternative use
IL · Lithia Springs, GA
Zoning IL · permitted uses
IL · Lithia Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lithia Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.0M
INDUSTRIAL (GENERAL)
Est. value
$8.9M
WAREHOUSE, STORAGE Current
INDUSTRIAL (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
2003
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
6.93 ac
Current owner
From public records · entity-resolved
Lithia Springs Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1403 BLAIRS BRG RD, LITHIA SPRINGS, GA 30122-3210
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
—
Lithia Springs Properties LLC
Prosper 2022 Properties LLC
Warranty Deed
—
Dec 30, 2022
—
Prosper 2022 Properties LLC
Prosper Properties LLC
Limited Warranty Deed
—
Nov 6, 2018
$5,950,000
Prosper Properties LLC
Blairs Bridge LLC
Grant Deed
—
Jul 6, 2015
$1,800,000
Blairs Ridge LLC
Reflek Manufacturing INC
Grant Deed
—
Jun 30, 2009
—
Reflek Manufacturing INC
Development Authority Of Douglas
Grant Deed
related
—
Jun 30, 2009
$3,041,575
Reflek Manufacturing INC
Development Authority Of D
Grant Deed
related
—
—
—
Reflek Manufacturing INC
—
Deed Of Trust
related
$349,000 · Alp Lighting & Ceiling Product
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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