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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Commercial real estate
168 Mitchell St Jackson, GA 30233-1774
Individually Owned
1-yr Hold
Free & Clear
Property ID
US22-2676603
Property summary
AI-generated overview
This 7,650-square-foot industrial building in Jackson, GA, presents a compelling investment opportunity with a 7.85% cap rate. Located at 168 Mitchell St, 30233, this Class B property offers a blend of distribution, flex, and warehouse space, ideal for owner-occupancy or investment. Built in 2000, the building features 18-foot ceilings, two dock-high doors, and a layout including office space with a showroom, conference room, and bathroom. The warehouse area provides ample open space. The property currently boasts 100% occupancy with a net operating income (NOI) of $76,500 annually, based on a triple-net (NNN) lease. The asking price is $975,000, translating to $127.45 per square foot. The property is vacant as of December 1st, 2024. An additional 3.75 acres of land is available for purchase, offering expansion potential. This below-replacement-cost offering is perfect for an owner-user seeking a strategic location in Butts County, conveniently situated near downtown Jackson. The property is currently listed as an investment opportunity with an owner/user option.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
STEEL FRAME
Total area
7,650 SF
Lot
5 ac (217,800 SF)
Zoning code
M-2
APN
00460-043-A00
UPID
US22-2676603
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
-
C. McDowell Truck Parts & Service Auto Parts Store Big Box & Wholesale Store
-
Yebot Equipment Sales Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$663k
Blend (final)
Blend
$915k
Owner & transaction history
Brad Shelnutt · 1 yrs held
Brad Shelnutt
since 2024
Last sale
$912,500
3 recorded transactions
Zoning & alternative use
M-2 · Jackson, 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 Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson 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
$915,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $913k (Dec 13 2024)
Last sale anchor
$913k
Dec 13 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
$120 / 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
$3,888
Tax year 2023
Assessed value
$154,676
Assessed 2023
Previous assessed
$154,676
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$60,000
Assessed improvement
$94,676
Land market value
$150,000
Improvement market value
$236,689
Total market value
$386,689
Applied tax rate
2.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
7,650 SF
Lot
5 ac (217,800 SF)
Zoning code
M-2
APN
00460-043-A00
UPID
US22-2676603
Jurisdiction
BUTTS
Zoning & alternative use
M-2 · Jackson, GA
Zoning M-2 · permitted uses
M-2 · Jackson, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jackson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
5 ac
Current owner
From public records · entity-resolved
Brad Shelnutt
Individual
Free & Clear · 1 yrs held
Mailing address
556 CHICKADEE CT, MONTICELLO, GA 31064-8830
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
$912,500
Brad Shelnutt
Robert J Boan
Deed
—
Oct 11, 2022
$750,000
Mitchell Street Commons LLC
Randy H Moore
Warranty Deed
$600,000 · Heritage Southeast Bank
—
—
Randy H Moore
—
Deed Of Trust
related
$138,800 · United 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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