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Property profile & analytics
FOR LEASE
Warehouses
1631 Willingham Dr Atlanta, GA 30344
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0343758
For Lease
1 / 2
$2,955,000
1631 Willingham Dr, Atlanta, GA 30344
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
55,897 SF
Lot
3.67 ac (159,996 SF)
Zoning code
I2
APN
14 0158 LL0036
UPID
US22-0343758
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
$2.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$2.96M
Owner & transaction history
1631 Willingham Dr LLC · 3 yrs held
1631 Willingham Dr LLC
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
I2 · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$2,890,000
ML approach
$2,930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.96M
Range $2.66M – $3.25M · ±10% · vs last sale $3.00M (Jun 6 2023)
Last sale anchor
$3.00M
Jun 6 2023
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
$53 / 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
$35,263
Tax year 2023
Assessed value
$1,200,000
Assessed 2024
Previous assessed
$1,249,320
-3.9% YoY
Effective rate
2.94%
On assessed value
Assessed land
$336,000
Assessed improvement
$864,000
Land market value
$840,000
Improvement market value
$2,160,000
Total market value
$3,000,000
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
For Lease
Year built
1965
Heating
YES
Cooling
YES
Stories
1
Total area
55,897 SF
Lot
3.67 ac (159,996 SF)
Zoning code
I2
APN
14 0158 LL0036
UPID
US22-0343758
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.
Building & site characteristics
From public records
Year built
1965
Heating
YES
Cooling
Yes
Stories
1
Lot
3.67 ac
Current owner
From public records · entity-resolved
1631 Willingham Dr LLC
Entity
Mailing address
922 STATE RTE 22ND BLDG STE #8, FREEHOLD, NJ 07728
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2023
$3,000,000
1631 Willingham Dr LLC
Jwk 1631 LLC
Warranty Deed
$2,400,000 · Jia Wukuan
Jun 6, 2023
—
1631 Willingham Dr LLC
Jwk 1631 LLC
Quit Claim Deed
related
—
Sep 28, 2021
—
Jwk 1631 LLC
Jia Wukuan
Warranty Deed
—
Jun 3, 2020
$1,200,000
Jia Wukuan
1631 Willingham Bt LLC
Grant Deed
—
Dec 13, 2007
—
1631 Willingham Bt LLC
1631 Willingham Pp LLC
Quit Claim Deed
related
—
Feb 8, 2006
—
1631 Willingham Pp LLC
Willingham 1631 LLC
Quit Claim Deed
related
—
Feb 8, 2006
$1,393,080
1631 Willingham Pp LLC
Willingham 1631 LLC
Grant Deed
related
—
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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