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Property profile & analytics
OFF-MARKET
Estimated value
$2,650,000
Warehouses
164 Weldon Rd, Palmetto, GA 30268-1600
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-3799254
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Construction
STEEL FRAME
Total area
38,550 SF
Lot
2.83 ac (123,275 SF)
Zoning code
M
APN
117 7065 023
UPID
US22-3799254
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
-
Amazon Stone Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$2.65M
Owner & transaction history
Kmij Investments LLC · 4 yrs held
Kmij Investments LLC
since 2022
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
M · Palmetto, 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 Palmetto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmetto 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
$2,565,000
ML approach
$2,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,770,000
Current use
Blend value · Realmo final
$2.65M
Range $2.39M – $2.92M · ±10% · vs last sale $2.75M (May 3 2022)
Last sale anchor
$2.75M
May 3 2022
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
$69 / 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
$25,144
Tax year 2024
Assessed value
$1,084,099
Assessed 2024
Previous assessed
$1,085,885
-0.2% YoY
Effective rate
2.32%
On assessed value
Assessed land
$158,480
Assessed improvement
$925,619
Land market value
$396,200
Improvement market value
$2,314,048
Total market value
$2,710,248
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
38,550 SF
Lot
2.83 ac (123,275 SF)
Zoning code
M
APN
117 7065 023
UPID
US22-3799254
Jurisdiction
COWETA
Zoning & alternative use
M · Palmetto, GA
Zoning M · permitted uses
M · Palmetto, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmetto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.8M
WAREHOUSE, STORAGE Current
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
2001
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
2.83 ac
Current owner
From public records · entity-resolved
Kmij Investments LLC
Entity
Mailing address
185 PNE GRV CHURCH RD, CULLODEN, GA 31016-5602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
$2,750,000
Kmij Investments LLC
Ncv Properties LLC
Warranty Deed
$2,231,830 · Cadence Bank
Nov 6, 2020
—
Ncv Properties LLC
—
Deed Of Trust
related
$635,000 · Heritage Bk
Aug 8, 2019
—
Ncv Properties LLC
—
Deed
related
—
Sep 26, 2016
$45,700
Ncv Properties LLC
Oaj LLC
Grant Deed
related
$1,304,354 · Oaj LLC
Mar 25, 2008
—
Oaj LLC
Hill,vernon Arthur JR.
Grant Deed
$2,526,000 · Bank Of America
—
—
Ncv Properties LLC
—
Loan Modification
related
—
—
—
Oaj LLC
—
Deed Of Trust
related
$1,340,000 · Georgia Commerce Bank
—
—
Ncv Properties LLC
—
Deed Of Trust
related
$635,000 · Heritage Bk
—
—
Ncv Properties LLC
—
Deed Of Trust
related
$660,000 · Private Individual
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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