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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Warehouses
1660 Lewis Way, Stone Mountain, GA 30083-1107
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-4085030
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,000 SF
Lot
1.01 ac (43,952 SF)
Zoning code
X
APN
18 171 02 016
UPID
US22-4085030
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$846k
Blend (final)
Blend
$800k
Owner & transaction history
Hero Management LLC · 2 yrs held
Hero Management LLC
since 2024
Last sale
$802,000
7 recorded transactions
Zoning & alternative use
X · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+78.8%
Neighborhood: shopping center
$1.1M
+56.3%
Medical building
$1.1M
+55.9%
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 Stone Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stone Mountain 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$725,000
Current use
AUTO REPAIR, GARAGE
$1,295,000
Change: +79% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,130,000
Change: +56% · Conversion: Moderate
MEDICAL BUILDING
$1,125,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $802k (Apr 17 2024)
Last sale anchor
$802k
Apr 17 2024
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
$133 / 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
$13,400
Tax year 2024
Assessed value
$264,080
Assessed 2024
Previous assessed
$269,880
-2.1% YoY
Effective rate
5.07%
On assessed value
Assessed land
$37,220
Assessed improvement
$226,860
Land market value
$93,050
Improvement market value
$567,150
Total market value
$660,200
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
1.01 ac (43,952 SF)
Zoning code
X
APN
18 171 02 016
UPID
US22-4085030
Jurisdiction
DE KALB
Zoning & alternative use
X · Stone Mountain, GA
Zoning X · permitted uses
X · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stone Mountain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Hero Management LLC
Entity
Mailing address
1660 LEWIS WAY, STONE MOUNTAIN, GA 30083-1107
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Apr 17, 2024
$802,000
Hero Management LLC
S&a Partners LLC
Limited Warranty Deed
$1,060,000 · Csra Rural Lending Authority
Sep 24, 2014
$317,500
S & A Partners LLC
1660 Lewis Way LLC
Grant Deed
—
Sep 24, 2014
—
S & A Partners LLC
1660 Lewis Way LLC
Quit Claim Deed
related
$306,000 · Quantum Nat'l Bk
Dec 30, 2005
$415,000
1660 Lewis Way LLC
Arant,william J
Grant Deed
—
Dec 30, 2005
—
1660 Lewis Way LLC
Arant,martha W
Grant Deed
related
—
Dec 22, 2005
—
1660 Lewis Way LLC
Owner,record
Quit Claim Deed
related
—
Mar 10, 2004
—
William J Arant
Arant,martha W
Quit Claim Deed
related
$365,000 · First Commercial 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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