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Property profile & analytics
OFF-MARKET
Estimated value
$1,575,000
Warehouses
162 Midland Ave Winder, GA 30680-2433
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1267338
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Construction
STEEL FRAME
Total area
14,220 SF
Lot
2.4 ac (104,544 SF)
Zoning code
I
APN
WN21 116
UPID
US22-1267338
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
-
Atlanta Sunbelt Products Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.58M
Owner & transaction history
Carland Investments Circle LLC · 4 yrs held
Carland Investments Circle LLC
since 2021
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
I · Winder, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the intent of this district to provide for a variety of heavy commercial and lightindustrialuses that do not constitute a nuisance and are located on major streets or corridors.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
100.17 ac
Source
Realmo
Top alternative use upside
Retail stores
$2.1M
+41.8%
Commercial (general)
$2.0M
+36.4%
Auto repair, garage
$1.9M
+28.9%
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 Winder submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winder 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
$1,740,000
ML approach
$1,695,000
CAP Approach
CAP Return
Estimation
6%
$1,740,000
6.5%
$1,605,000
7%
$1,490,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,445,000
Current use
RETAIL STORES
$2,050,000
Change: +42% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,970,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,860,000
Change: +29% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,390,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.58M
Range $1.42M – $1.73M · ±10% · vs last sale $1.53M (Nov 30 2021)
Last sale anchor
$1.53M
Nov 30 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
$111 / 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
$9,304
Tax year 2024
Assessed value
$328,940
Assessed 2024
Previous assessed
$328,940
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$41,520
Assessed improvement
$287,420
Land market value
$103,800
Improvement market value
$718,549
Total market value
$822,349
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
BASEBOARD
Cooling
EVAPORATIVE
Stories
1
Bathrooms
9
Total area
14,220 SF
Lot
2.4 ac (104,544 SF)
Zoning code
I
APN
WN21 116
UPID
US22-1267338
Jurisdiction
BARROW
Zoning & alternative use
I · Winder, GAZoning I · permitted uses
I · Winder, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the intent of this district to provide for a variety of heavy commercial and lightindustrialuses that do not constitute a nuisance and are located on major streets or corridors.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
100.17 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
BASEBOARD
Cooling
Yes
Stories
1
Bathrooms
9
Lot
2.4 ac
Current owner
From public records · entity-resolved
Carland Investments Circle LLC
Entity
Mailing address
2325 FLT STONE DR, CUMMING, GA 30041-7873
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Nov 30, 2021
$1,525,000
Carland Investments Circle LLC
Jsb Midland LLC
Warranty Deed
$1,220,750 · The Citizens Bank Of Georgia
Nov 30, 2021
—
Carland Investments Circle LLC
John S Busener
Warranty Deed
—
—
—
Jsb Midland LLC
—
Deed Of Trust
related
$124,175 · United Community 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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