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Property profile & analytics
OFF-MARKET
Estimated value
$8,700,000
Warehouses
1425 Oakbrook Dr Norcross, GA 30093-8225
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-0050788
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1995
Total area
52,779 SF
Lot
3.35 ac (145,926 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6197 139
UPID
US22-0050788
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
-
Renova Technology Inc Electronics & Wireless Store Computer & Electronic Repair
-
Creative Technology Tech Support Center Rental Equipment Company
-
Titan Touch System Corporate Office
-
NEP Sweetwater Film & Entertainment Electronics & Wireless Store Big Box & Wholesale Store
-
C-Stores Depot Big Box & Wholesale Store Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.70M
CAP Approach
CAP
$5.96M
Comparable Approach
Comparable
$8.35M
Blend (final)
Blend
$8.70M
Owner & transaction history
Exeter 1425 Oakbrook LLC · 1 yrs held
Exeter 1425 Oakbrook LLC
since 2024
Last sale
$8.7M
6 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$14.3M
+22.0%
Neighborhood: shopping center
$13.9M
+19.0%
Office building
$12.9M
+10.2%
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 Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross 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
$8,700,000
ML approach
$8,700,000
CAP Approach
CAP Return
Estimation
6%
$6,455,000
6.5%
$5,960,000
7%
$5,535,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,690,000
Current use
RETAIL STORES
$14,255,000
Change: +22% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$13,905,000
Change: +19% · Conversion: Moderate
OFFICE BUILDING
$12,880,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,160,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$8.70M
Range $7.83M – $9.57M · ±10% · vs last sale $8.70M (Aug 7 2024)
Last sale anchor
$8.70M
Aug 7 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
$165 / 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
$69,692
Tax year 2024
Assessed value
$1,688,920
Assessed 2024
Previous assessed
$1,821,600
-7.3% YoY
Effective rate
4.13%
On assessed value
Assessed land
$335,000
Assessed improvement
$1,353,920
Land market value
$837,500
Improvement market value
$3,384,800
Total market value
$4,222,300
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1995
Heating
YES
Cooling
NONE
Stories
1
Total area
52,779 SF
Lot
3.35 ac (145,926 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6197 139
UPID
US22-0050788
Jurisdiction
GWINNETT
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Zoning M1-LIGHT INDUSTRY · permitted uses
M1-LIGHT INDUSTRY · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.7M
RETAIL STORES
Est. value
$14.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.9M
OFFICE BUILDING
Est. value
$12.9M
COMMERCIAL (GENERAL)
Est. value
$12.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (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
1995
Heating
YES
Cooling
Yes
Stories
1
Lot
3.35 ac
Current owner
From public records · entity-resolved
Exeter 1425 Oakbrook LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1425 OAKBROOK DR N STE #502, NORCROSS, GA 30093-8225
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2024
$8,700,000
Exeter 1425 Oakbrook LLC
Atlanta Industrial Ll LLC
Warranty Deed
—
Nov 14, 2019
$46,479,900
Atlanta Industrial Ll LLC
Taurus Cd 197 Se Indl Portfol
Trustees Deed
$214,060,000 · Bank Of America
Sep 12, 2007
$8,600,000
Cobalt Industrial Reit II Trust
Business Park Invtrs Group Own
Grant Deed
—
Sep 7, 2007
$8,600,000
Industrial Reit Cobalt II
Business,park Investors Gr
Grant Deed
—
Oct 26, 2006
—
Business Park Investors Group Ow
Ap-southeast Realty
Trustees Deed
$48,300,000 · Wachovia Bank NA
Oct 26, 2006
$62,000,000
Business Park Investors Group Ow
Ap-southeast Realty
Grant 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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