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Property profile & analytics
FOR LEASE
Distribution centers
1500 Southpoint Dr Forest Park, GA 30297
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0920531
For Lease
$24,400,000
1500 Southpoint Dr, Forest Park, GA 30297
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Total area
213,632 SF
Lot
15.18 ac (661,415 SF)
Zoning code
I
APN
13-020D- A-031
UPID
US22-0920531
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
-
EPE USA - Atlanta Industrial Manufacturer Production Facility
-
Bergen Brunswig Medical Corporation Medical Clinic
-
ATL Adult Day Care
-
evTerra Recycling Recycling Center Waste Management Facility
-
DHL eCommerce Solutions Distribution Center ATL Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.13M
Comparable Approach
Comparable
$15.84M
Blend (final)
Blend
$24.40M
Owner & transaction history
Southpoint Drive Ga LLC · 3 yrs held
Southpoint Drive Ga LLC
since 2023
Last sale
$31.1M
6 recorded transactions
Zoning & alternative use
I · Forest Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$38.2M
+88.8%
Office building
$35.3M
+74.6%
Neighborhood: shopping center
$30.2M
+49.1%
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 Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Park 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%
$26,135,000
6.5%
$24,125,000
7%
$22,405,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,235,000
Current use
COMMERCIAL (GENERAL)
$38,205,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$35,325,000
Change: +75% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$30,175,000
Change: +49% · Conversion: Moderate
Blend value · Realmo final
$24.40M
Range $21.96M – $26.84M · ±10% · vs last sale $31.05M (Jun 29 2023)
Last sale anchor
$31.05M
Jun 29 2023
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
$114 / 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
$141,730
Tax year 2024
Assessed value
$4,065,000
Assessed 2024
Previous assessed
$607,360
+569.3% YoY
Effective rate
3.49%
On assessed value
Assessed land
$607,360
Assessed improvement
$3,457,640
Land market value
$1,518,400
Improvement market value
$8,644,100
Total market value
$10,162,500
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
For Lease
Year built
1998
Heating
NONE
Total area
213,632 SF
Lot
15.18 ac (661,415 SF)
Zoning code
I
APN
13-020D- A-031
UPID
US22-0920531
Jurisdiction
CLAYTON
Zoning & alternative use
I · Forest Park, GA
Zoning I · permitted uses
I · Forest Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$20.2M
COMMERCIAL (GENERAL)
Est. value
$38.2M
OFFICE BUILDING
Est. value
$35.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Heating
NONE
Lot
15.18 ac
Current owner
From public records · entity-resolved
Southpoint Drive Ga LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jun 29, 2023
—
Southpoint Drive Ga LLC
Bre Jupiter Southeast Ga Ll
Warranty Deed
—
Oct 11, 2019
—
Western B Southeast Ga LLC
Fargo Bk 2005-glpb Wells
Quit Claim Deed
related
—
Oct 11, 2019
$9,460,000
Bre Jupiter Southeast Ga LLC
Western B Southeast Ga LLC
Grant Deed
related
—
Nov 24, 2015
$26,911,400
Western B Southeast Ga LLC
Iit Southpoint Industrial LLC
Grant Deed
$964,000,000 · Morgan Stanley Bk
Dec 21, 2011
—
Iit Southpoint Industrial LLC
Industrial Property Fund II LP
Quit Claim Deed
related
$61,000,000 · New York Life Insurance
Dec 21, 2011
$12,500,000
Iit Southpoint Industrial LLC
Industrial Property Fund II LP
Grant Deed
related
—
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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