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Property profile & analytics
OFF-MARKET
Estimated value
$2,785,000
Manufacturing properties
1551 Fairground Rd Madison, GA 30650-4678
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US22-3670879
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Construction
CONCRETE
Total area
50,400 SF
Lot
14.19 ac (618,116 SF)
Zoning code
C5
APN
037F 012 B
UPID
US22-3670879
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
-
Bowen Sales Inc Building Supply Industrial Manufacturer
-
Gensteel Doors Usa Llc Hardware & Home Improvement Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$2.79M
Owner & transaction history
Gensteel Doors USA LLC · 8 yrs held
Gensteel Doors USA LLC
since 2018
4 recorded transactions
Zoning & alternative use
C5 · Madison, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.6M
+205.6%
Auto repair, garage
$3.5M
+131.6%
Warehouse, storage
$2.4M
+57.6%
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,615,000
Change: +206% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,495,000
Change: +132% · Conversion: Easy
WAREHOUSE, STORAGE
$2,380,000
Change: +58% · Conversion: Easy
Blend value · Realmo final
$2.79M
Range $2.51M – $3.06M · ±10%
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
$55 / 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
$36,086
Tax year 2023
Assessed value
$1,247,581
Assessed 2023
Previous assessed
$1,247,581
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$136,224
Assessed improvement
$1,111,357
Land market value
$340,560
Improvement market value
$2,778,393
Total market value
$3,118,953
Applied tax rate
2.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Total area
50,400 SF
Lot
14.19 ac (618,116 SF)
Zoning code
C5
APN
037F 012 B
UPID
US22-3670879
Jurisdiction
MORGAN
Zoning & alternative use
C5 · Madison, GA
Zoning C5 · permitted uses
C5 · Madison, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$2.4M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2005
Construction
CONCRETE
Heating
NONE
Lot
14.19 ac
Current owner
From public records · entity-resolved
Gensteel Doors USA LLC
Entity
Mailing address
1551 FAIRGROUND RD, MADISON, GA 30650-4678
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2018
$3,000,000
Gensteel Doors USA LLC
Madison Fairground LLC
Limited Warranty Deed
$2,400,000 · Key Bank
Dec 11, 2009
$1,750,000
Madison Fairground LLC
Ge Commercial Finance Business Prop
Deed
—
Oct 6, 2009
$1,190,000
Ge Commercial Finance Business Prop
Madison Morgan Associates LLC
Foreclosure
related
—
May 11, 2005
$283,800
Madison Morgan Associates LLC
City Of Madison
Deed
—
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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