Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,360,000
Manufacturing properties
1696 Joy Lk Rd Morrow, GA 30260-3664
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1594558
Property profile
Verified
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Year built
1966
Total area
23,116 SF
Lot
6.31 ac (274,733 SF)
Zoning code
I
APN
12-178D- A-001
UPID
US22-1594558
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
-
Pallet Express, Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.90M
Blend (final)
Blend
$5.36M
Owner & transaction history
Ag Trep Joy Lake Property Owner LLC · 4 yrs held
Ag Trep Joy Lake Property Owner LLC
since 2022
Last sale
$6.8M
3 recorded transactions
Zoning & alternative use
I · Morrow, 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 Morrow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrow 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
$4,655,000
ML approach
$4,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.36M
Range $4.82M – $5.90M · ±10% · vs last sale $6.75M (Feb 23 2022)
Last sale anchor
$6.75M
Feb 23 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
$232 / 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
$14,953
Tax year 2024
Assessed value
$383,280
Assessed 2024
Previous assessed
$440,960
-13.1% YoY
Effective rate
3.90%
On assessed value
Assessed land
$164,000
Assessed improvement
$219,280
Land market value
$410,000
Improvement market value
$548,200
Total market value
$958,200
Applied tax rate
7.0000
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
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Status
Off-Market
Year built
1966
Heating
NONE
Total area
23,116 SF
Lot
6.31 ac (274,733 SF)
Zoning code
I
APN
12-178D- A-001
UPID
US22-1594558
Jurisdiction
CLAYTON
Zoning & alternative use
I · Morrow, GA
Zoning I · permitted uses
I · Morrow, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrow. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Heating
NONE
Lot
6.31 ac
Current owner
From public records · entity-resolved
Ag Trep Joy Lake Property Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3657 BRIARPARK DR STE #300, HOUSTON, TX 77042-5266
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
—
Ag Trep Joy Lake Property Owne
—
Deed
related
$118,587,000 · Canadian Imperial Bank
Feb 23, 2022
$6,750,000
Ag Trep Joy Lake Property Owner LLC
Joy Lake Club LLC
Limited Warranty Deed
—
Jul 20, 2004
$450,000
Joy Lake Club LLC
International Processin Corp
Grant Deed
$720,000 · Ironstone Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1696 Joy Lk Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
