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Property profile & analytics
OFF-MARKET
Estimated value
$37,520,000
Distribution centers
1601 Rockdale Industrial NW Blvd Conyers, GA 30012-3901
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1447814
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1975
Construction
STEEL FRAME
Total area
417,378 SF
Lot
31.95 ac (1,391,742 SF)
Zoning code
M1
APN
022-0-01-0025
UPID
US22-1447814
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
-
Bio lab shipping receiving Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$47.14M
Comparable Approach
Comparable
$40.36M
Blend (final)
Blend
$37.52M
Owner & transaction history
Apexus Conyers LP · 4 yrs held
Apexus Conyers LP
since 2021
Last sale
$38.0M
3 recorded transactions
Zoning & alternative use
M1 · Conyers, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$60.2M
+45.0%
Auto repair, garage
$51.9M
+25.1%
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 Conyers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conyers 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
$33,730,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$51,065,000
6.5%
$47,135,000
7%
$43,770,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$41,475,000
Current use
OFFICE BUILDING
$60,155,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$51,895,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$37.52M
Range $33.77M – $41.27M · ±10% · vs last sale $38.00M (Oct 21 2021)
Last sale anchor
$38.00M
Oct 21 2021
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
$90 / 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
$348,827
Tax year 2023
Assessed value
$8,788,800
Assessed 2023
Previous assessed
$8,788,800
+0.0% YoY
Effective rate
3.97%
On assessed value
Assessed land
$1,380,676
Assessed improvement
$7,408,124
Land market value
$3,451,691
Improvement market value
$18,520,309
Total market value
$21,972,000
Applied tax rate
1.0000
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
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
4
Total area
417,378 SF
Lot
31.95 ac (1,391,742 SF)
Zoning code
M1
APN
022-0-01-0025
UPID
US22-1447814
Jurisdiction
ROCKDALE
Zoning & alternative use
M1 · Conyers, GA
Zoning M1 · permitted uses
M1 · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conyers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$41.5M
OFFICE BUILDING
Est. value
$60.2M
AUTO REPAIR, GARAGE
Est. value
$51.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1975
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
4
Lot
31.95 ac
Current owner
From public records · entity-resolved
Apexus Conyers LP
Entity
Mailing address
10101 FONDREN RD STE 460A, HOUSTON, TX 77096-4564
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2021
$38,000,000
Apexus Conyers LP
Ashley Conyers LLC
Limited Warranty Deed
$25,650,000 · Group Commercial Mortgage
Oct 21, 2021
—
Apexus Conyers LP
Ashley Conyers LLC
Quit Claim Deed
related
—
—
—
Ashley Conyers LLC
—
Deed Of Trust
related
$13,000,000 · Miscellaneous Ins Co
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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