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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Warehouses
1495 Willingham Dr East Point, GA 30344-4851
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1447030
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Construction
WOOD
Total area
13,100 SF
Lot
2.26 ac (98,446 SF)
Zoning code
I2
APN
14 015800130220
UPID
US22-1447030
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
Willingham Atlanta LP · 5 yrs held
Willingham Atlanta LP
since 2020
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
I2 · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+61.9%
Industrial (general)
$2.9M
+54.1%
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 East Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Point 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
$1,850,000
ML approach
$2,095,000
CAP Approach
CAP Return
Estimation
6%
$1,705,000
6.5%
$1,575,000
7%
$1,460,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,895,000
Current use
OFFICE BUILDING
$3,065,000
Change: +62% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,920,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±10% · vs last sale $2.00M (Dec 14 2020)
Last sale anchor
$2.00M
Dec 14 2020
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
$152 / 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
$21,214
Tax year 2023
Assessed value
$751,560
Assessed 2024
Previous assessed
$751,560
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$127,200
Assessed improvement
$624,360
Land market value
$318,000
Improvement market value
$1,560,900
Total market value
$1,878,900
Applied tax rate
20.0000
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
2004
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Units
1
Total area
13,100 SF
Lot
2.26 ac (98,446 SF)
Zoning code
I2
APN
14 015800130220
UPID
US22-1447030
Jurisdiction
FULTON
Zoning & alternative use
I2 · East Point, GA
Zoning I2 · permitted uses
I2 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
2.26 ac
Current owner
From public records · entity-resolved
Willingham Atlanta LP
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
—
Willingham Atlanta LP
—
Deed
related
$39,000,000 · Ubs Bank
Dec 14, 2020
—
Willingham Atlanta LP
Sykes Transfer INC
Quit Claim Deed
—
Dec 14, 2020
$2,000,000
Willingham Atlanta LP
Sykes Transfer INC
Grant Deed
—
Mar 23, 2020
—
Sykes Transfer INC
—
Deed
related
$400,000 · Centerstate Bk NA
Dec 4, 2015
—
Sykes Transfer INC
—
Trustees Deed
related
$95,000 · Charterbank
—
—
Sykes Transfer INC
—
Deed Of Trust
related
$60,000 · Charter Bank
—
—
Sykes Transfer INC
—
Loan Modification
related
$400,000 · Centerstate Bk NA
—
—
Sykes Transfer INC
—
Deed Of Trust
related
$21,648 · Charter Bank
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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