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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1516 Municipal Pkwy Douglasville, GA 30134-2073

    • Warehouses
    • 15,064 SF
    • 0.85 lot acres
    OFF-MARKET
    Last Sale
    Feb 28, 2023
    $2,900,000
    Value Estimations
    $2,750,000
    Show details
    Cap Rate Potential
    5.5%
    Warehouses
    Location Intelligence
    Property ID
    US22-1136700
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • NextStor Storage / Storage Facility
    • SMOKER'S SPOT / (Bike/Boat/Book/etc) Store
    • Zuliakha.com / Marketing & Advertising / IT Consulting Firm
    • IT'S A WRAP! / Restaurant
    • Twice AS' Nice Plus Speciality & Thrift / Discount Store

    Property Details for 1516 Municipal Pkwy

    Year built
    1979
    Construction
    CONCRETE
    Lot size
    0.85 lot acres
    Property size
    15,064 SF
    Zone code
    IL
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    0745-18-2- -00001
    APU
    74518200001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,850,000
      ML approach
      $2,680,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,610,000
      6.5%
      $2,410,000
      7%
      $2,235,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,950,000
      MEDICAL BUILDING
      $3,275,000
      RETAIL STORES
      $2,135,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,745,000
      AUTO REPAIR, GARAGE
      $1,685,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Douglasville
    County
    Douglas
    State
    Georgia
    Longitude
    -84.7202
    Latitude
    33.7654
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,770
    $29,400
    $229,720
    $259,120
    -
    $73,500
    $574,300
    $647,800

    Comparable in this City

    • Value Estimation
      $2,485,000
      34,580 SF

      7267 Hiram Douglasville Hwy

      MINI-WAREHOUSE, STORAGE • 34,580 SF
      7267 Hiram Douglasville Hwy, Douglasville, GA 30134-5586
      View Details
    • Value Estimation
      $825,000
      10,000 SF

      100 Hunter Rd

      MINI-WAREHOUSE, STORAGE • 10,000 SF
      100 Hunter Rd, Douglasville, GA 30134-4648
      View Details
    • Value Estimation
      $640,000
      4,500 SF

      Douglasville, GA 30134

      MINI-WAREHOUSE, STORAGE • 4,500 SF
      Douglasville, GA 30134
      View Details
    • Value Estimation
      $3,205,000
      5,340 SF

      1516 Municipal Pkwy

      MINI-WAREHOUSE, STORAGE • 5,340 SF
      1516 Municipal Pkwy, Douglasville, GA 30134-2073
      View Details
    • Value Estimation
      $1,545,000
      45,400 SF

      8490 Duralee Ln

      MINI-WAREHOUSE, STORAGE • 45,400 SF
      8490 Duralee Ln, Douglasville, GA 30134-2432
      View Details
    • Value Estimation
      $730,000
      5,000 SF

      7248 Hiram Douglasville Hwy

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      7248 Hiram Douglasville Hwy, Douglasville, GA 30134-5584
      View Details

    Similar Nearby for Sale

    • $1,250,000
      12,000 SF

      Douglasville Warehouse Investment

      12,000 SF Warehouse, 7.2% Cap Rate
      2482 Bright Star Rd, Douglasville, GA 30134
      View Details
    • $250,000
      0.46 Acres

      Douglasville Industrial Property

      2,800 SF Warehouse, Flex Space, $250K
      8085 Connally Dr, Douglasville, GA 30134
      View Details
    • $750,000
      0.30 Acres

      Douglasville Warehouse Investment

      Prime Industrial Space, High Visibility
      12081 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • $695,000
      4,588 SF

      Douglasville Flex Industrial/Retail Opportunity

      Corner parcel suitable for investment or owner-occupied use.
      12081 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • $430,000
      0.88 Acres

      Douglasville Commercial Land

      0.88 Acres, High-Traffic Location
      995 Old Dallas Hwy, Douglasville, GA 30134
      View Details
    • $39,900
      0.52 Acres

      Residential Lot in Douglasville, GA

      Residential-zoned lot in a well-kept, deed-restricted subdivision.
      352 Greystone Ln, Douglasville, GA 30134
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      260,850 SF

      Cubework Douglasville

      Coworking space • 260,850 SF
      7600 Wood Rd, Douglasville, GA 30134
      View Details
    • Contact for pricing
      27,917 SF

      Industrial Space Available for Sublease

      27,917 SF industrial space at Bright Star Logistics Center.
      7555 Wood Rd, Douglasville, GA 30134
      View Details
    • Contact for pricing
      2,200 SF

      Douglasville Warehouse Near I-20

      2,200 SF warehouse space for lease, convenient I-20 access.
      13021 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • $11 SF/Yr
      30,032 SF

      Douglasville Flex Space Available

      Modern Flex Warehouse, 7,806 SF Vacant
      963 Burnt Hickory Rd, Douglasville, GA 30134
      View Details
    • Contact for pricing
      6,664 SF

      Warehouse with Extensive Outside Storage

      6,664 SF warehouse on 5.4 acres with fenced storage.
      13161 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • $60,000
      65,340 SF

      Veterans Highway Industrial Land

      1.5-Acre Industrial Outside Storage Lease
      13021 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
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    Douglasville, GA 30134-2073
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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