Property profile

1631 Willingham Dr East Point, GA 30344

OFF-MARKET
Other warehouses
Property ID
US22-0343758
55,897 SF 3.67 ac lot Built 1965
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Freestanding industrial building totaling 52,162 square feet with 20-foot ceilings and loading facilities designed for logistics use. The interior includes office space with recently updated finishes and private restroom(s). Loading consists of four drive-in doors measuring 16 feet by 13 feet and three dock-high doors measuring 12 feet by 18 feet, with five loading docks in total. Outdoor areas include more than one acre of fenced and secure storage or parking, and an additional 2 acres of paved, fenced outdoor storage or trailer parking. The property is located within 3 miles of Hartsfield-Jackson International Airport and is configured to be divisible into up to 20,000-square-foot increments.

Property profile

Verified
Property type Other 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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store
  • (Bike/Boat/Book/etc) Store

Location

1631 Willingham Dr East Point, GA 30344-4811
East Point metro Census 12300 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.93M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.25M
Blend (final) Blend
$2.89M

Owner & transaction history

since 2023
Last sale
$3.0M
7 recorded transactions
2023
$3.0M
2023
Price N/A
2021
Price N/A
2020
$1.2M
2007
Price N/A
2006
Price N/A
2006
$1.4M

Zoning & alternative use

I2 · East Point, GA
Zoning description

The I2 District is to provide for light and heavy manufacturing, processing, assembly, packaging and warehousing operations, free from incompatible residential and commercial activities not directly serving or compatible…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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