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Property profile & analytics
OFF-MARKET
Estimated value
$2,685,000
Warehouses
1516 Municipal Pkwy, Douglasville, GA 30134-2073
Individually Owned
Absentee Owner
Free & Clear
Property ID
US22-1136700
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
CONCRETE
Total area
15,064 SF
Lot
0.85 ac (37,026 SF)
Zoning code
IL
APN
0745-18-2- -00001
UPID
US22-1136700
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.68M
CAP Approach
CAP
$2.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.69M
Owner & transaction history
Family Heirloom Storage Of Douglasv
Family Heirloom Storage Of Douglasv
since 2025
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
IL · Douglasville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.0M
+191.1%
Medical building
$3.3M
+141.3%
Retail stores
$2.1M
+57.5%
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 Douglasville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Douglasville 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
$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
Change: +191% · Conversion: Difficult
MEDICAL BUILDING
$3,275,000
Change: +141% · Conversion: Difficult
RETAIL STORES
$2,135,000
Change: +57% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,745,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,685,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$2.69M
Range $2.42M – $2.95M · ±10% · vs last sale $3.62M (May 1 2025)
Last sale anchor
$3.62M
May 1 2025
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
$178 / 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
$10,770
Tax year 2024
Assessed value
$259,120
Assessed 2024
Previous assessed
$243,880
+6.2% YoY
Effective rate
4.16%
On assessed value
Assessed land
$29,400
Assessed improvement
$229,720
Land market value
$73,500
Improvement market value
$574,300
Total market value
$647,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
15,064 SF
Lot
0.85 ac (37,026 SF)
Zoning code
IL
APN
0745-18-2- -00001
UPID
US22-1136700
Jurisdiction
DOUGLAS
Zoning & alternative use
IL · Douglasville, GA
Zoning IL · permitted uses
IL · Douglasville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Douglasville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.3M
RETAIL STORES
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1979
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.85 ac
Current owner
From public records · entity-resolved
Family Heirloom Storage Of Douglasv
Individual
Free & Clear · 0 yrs held
Mailing address
351 E CONESTOGA RD #207, WAYNE, PA 19087-2508
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
$3,615,000
Family Heirloom Storage Of Douglasv
1516 Municipal Parkway Partners LLC
Warranty Deed
—
Feb 28, 2023
$2,900,000
1516 Municipal Parkway Partners LLC
Averett Family Partnership LLP
Warranty Deed
—
Oct 31, 2019
—
Averett Family Ptshp Lllp
—
Deed
related
$500,000 · Centerstate Bk NA
Jun 27, 2014
$650,000
Averett Family Partnership Lll
C Hunter Tison LLC
Warranty Deed
$515,000 · Charterbank
Jun 27, 2014
$1,000
Averett Family Partnership Lll
Tison,c Hunter
Quit Claim Deed
related
—
Jan 10, 2005
—
Tison C Hunter LLC
Tison,c Hunter
Quit Claim Deed
related
—
Jan 3, 2005
$550,000
C H Tison
Andjar INC
Warranty Deed
$555,854 · Regions Bank
—
—
Averett Family Ptshp Lllp
—
Loan Modification
related
$500,000 · Centerstate Bk NA
—
—
C Hunter Tison LLC
—
Deed Of Trust
related
$604,119 · Regions Bank
—
—
C Hunter Tison
—
Loan Modification
related
$100,949 · Regions 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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