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Property profile & analytics
OFF-MARKET
Estimated value
$5,050,000
Warehouses
1525 Willingham Dr East Point, GA 30344-4830
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1529713
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
STEEL FRAME
Total area
5,210 SF
Lot
0.88 ac (38,376 SF)
Zoning code
I2
APN
14 015800130196
UPID
US22-1529713
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.05M
Owner & transaction history
M H Property Enterprises LLC · 4 yrs held
M H Property Enterprises LLC
since 2022
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
I2 · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.4M
+752.7%
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
$4,880,000
ML approach
$5,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,425,000
Change: +753% · Conversion: Difficult
Blend value · Realmo final
$5.05M
Range $4.55M – $5.56M · ±10% · vs last sale $5.01M (Jan 4 2022)
Last sale anchor
$5.01M
Jan 4 2022
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
$969 / 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
$17,009
Tax year 2023
Assessed value
$602,600
Assessed 2024
Previous assessed
$602,600
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$52,960
Assessed improvement
$549,640
Land market value
$132,400
Improvement market value
$1,374,100
Total market value
$1,506,500
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
5,210 SF
Lot
0.88 ac (38,376 SF)
Zoning code
I2
APN
14 015800130196
UPID
US22-1529713
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS)
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
1986
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
M H Property Enterprises LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11120 TOMAHAWK CRK PKWY #200, LEAWOOD, KS 66211-2695
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jan 4, 2022
$5,011,407
M H Property Enterprises LLC
Atlanta Bus Properties LLC
Warranty Deed
—
Sep 6, 2017
$1,635,000
Atlanta Bus Properties LLC
Bdj Trucking Co
Trustees Deed
$1,230,000 · Bank Of America
Sep 6, 2017
—
Atlanta Bus Properties LLC
Bdj Trucking Co
Quit Claim Deed
related
—
Mar 25, 2016
$575,000
Bdj Trucking Co
Hsb Properties I LLC
Grant Deed
$400,000 · Allen Freedman
Jan 8, 2015
$1,045,416
Hsb Properties I LLC
East Point Indl Props LLC
Trustees Deed
—
Apr 1, 2008
—
East Point Indl Props LLC
—
Trustees Deed
related
$507,628 · First Nat'l Bk/ga
Oct 1, 2007
$1,650,000
East Point Indl Props LLC
Bartow County Bank
Deed
$2,261,084 · Bartow Cnty Bk
Sep 28, 2007
$1,650,000
Point Industrial Properti East
Bartow County Bank
Grant Deed
$2,261,084 · Bartow County 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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