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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Warehouses
1411 Glenwood Dr Thomasville, GA 31792-3820
Entity Owned
9-yr Hold
Free & Clear
Property ID
US22-1429766
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1968
Construction
STEEL FRAME
Total area
4,141 SF
Lot
21.89 ac (953,528 SF)
Zoning code
A
APN
013 004004
UPID
US22-1429766
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
-
The Ice House LLC Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$635k
Owner & transaction history
The Ice House LLC · 9 yrs held
The Ice House LLC
since 2017
1 recorded transaction
Zoning & alternative use
A · Thomasville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Code 1958, § 24-6.29; Ord. of 7-24-72; Ord. of 7-12-82) Section 22-37 Zoning of annexed areas. Areas annexed to the city subsequent to the adoption of the ordinance from which this section derives shall be placed in the A (agricultural) zoning district and shall remain A until such time as the comprehensive zoning plan of the city has been extended to includ…
Zone name
Agricultural
General category
RESIDENTIAL
Zone area
756.78 ac
Source
Chapter 22
Top alternative use upside
Office building
$750,000
+101.0%
Retail stores
$580,000
+55.7%
Commercial (general)
$470,000
+25.3%
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 Thomasville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thomasville 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
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$750,000
Change: +101% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +56% · Conversion: Moderate
COMMERCIAL (GENERAL)
$470,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$430,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$153 / 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
Tax billed
$2,467
Tax year 2023
Assessed value
$99,719
Assessed 2023
Previous assessed
$99,719
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$48,440
Assessed improvement
$51,279
Land market value
$121,100
Improvement market value
$128,197
Total market value
$249,297
Applied tax rate
1.0000
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
1968
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
4,141 SF
Lot
21.89 ac (953,528 SF)
Zoning code
A
APN
013 004004
UPID
US22-1429766
Jurisdiction
THOMAS
Zoning & alternative use
A · Thomasville, GAZoning A · permitted uses
A · Thomasville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Code 1958, § 24-6.29; Ord. of 7-24-72; Ord. of 7-12-82) Section 22-37 Zoning of annexed areas. Areas annexed to the city subsequent to the adoption of the ordinance from which this section derives shall be placed in the A (agricultural) zoning district and shall remain A until such time as the comprehensive zoning plan of the city has been extended to include the annexed area and a zoning change is executed in accordance with the provisi
Zone name
Agricultural
General category
RESIDENTIAL
Zone area
756.78 ac
Source
Chapter 22
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$750,000
RETAIL STORES
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$470,000
AUTO REPAIR, GARAGE
Est. value
$430,000
OFFICE BUILDING
RETAIL STORES
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
1968
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
6
Lot
21.89 ac
Current owner
From public records · entity-resolved
The Ice House LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1411 GLENWOOD DR, THOMASVILLE, GA 31792-3820
Ownership since
2017
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
Apr 4, 2017
$221,000
The Ice House LLC
Ronald H Salter
Warranty 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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