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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Warehouses
1445 Bowman Hwy Elberton, GA 30635-3905
Individually Owned
7-yr Hold
Free & Clear
Property ID
US22-3002997
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Construction
STEEL FRAME
Total area
5,394 SF
Lot
7.51 ac (327,136 SF)
Zoning code
GB
APN
031E 029
UPID
US22-3002997
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
-
Southern Natural Stone & Landscape, LLC Garden Center Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$685k
Blend (final)
Blend
$505k
Owner & transaction history
Southern Natural Stone & Landscape · 7 yrs held
Southern Natural Stone & Landscape
since 2018
4 recorded transactions
Zoning & alternative use
GB · Elberton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$655,000
+53.8%
Auto repair, garage
$485,000
+13.8%
Restaurant
$470,000
+11.2%
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 Elberton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elberton 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
$325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$425,000
Current use
OFFICE BUILDING
$655,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$485,000
Change: +14% · Conversion: Easy
RESTAURANT
$470,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$465,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$94 / 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
$3,497
Tax year 2023
Assessed value
$145,830
Assessed 2023
Previous assessed
$114,261
+27.6% YoY
Effective rate
2.40%
On assessed value
Assessed land
$50,360
Assessed improvement
$95,470
Land market value
$125,900
Improvement market value
$238,676
Total market value
$364,576
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
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
1987
Construction
STEEL FRAME
Heating
NONE
Total area
5,394 SF
Lot
7.51 ac (327,136 SF)
Zoning code
GB
APN
031E 029
UPID
US22-3002997
Jurisdiction
ELBERT
Zoning & alternative use
GB · Elberton, GA
Zoning GB · permitted uses
GB · Elberton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elberton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$425,000
OFFICE BUILDING
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$485,000
RESTAURANT
Est. value
$470,000
COMMERCIAL (GENERAL)
Est. value
$465,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
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
1987
Construction
STEEL FRAME
Heating
NONE
Lot
7.51 ac
Current owner
From public records · entity-resolved
Southern Natural Stone & Landscape
Individual
Free & Clear · 7 yrs held
Mailing address
1118 FOXFIRE CIR, ELBERTON, GA 30635-2616
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2018
$155,010
Southern Natural Stone & Landscape
Pinnacle Bank
Warranty Deed
—
Sep 5, 2017
$353,050
Pinnacle Bank
Danny K Smith
Foreclosure
related
—
Dec 19, 2014
$190,000
Danny K Smith
Adams Properties LLC
Warranty Deed
$531,000 · Pinnacle Bank
Jan 5, 2007
—
Adams Properties LLC
Romeo M Adams
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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