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Property profile & analytics
FOR LEASE
Manufacturing properties
1721 Old Covington Rd Conyers, GA 30013
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1611250
For Lease
1 / 20
$2,000,000
1721 Old Covington Rd, Conyers, GA 30013
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1976
Construction
STEEL FRAME
Total area
33,750 SF
Lot
3.84 ac (167,270 SF)
Zoning code
M1
APN
071-0-01-0005
UPID
US22-1611250
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
-
Parts ASAP | Rubbertrax, Inc. Building Supply Industrial Manufacturer
-
rubber tracks and after market undercarriage parts Auto Parts Store
-
Used Rubber Tracks Building Supply Industrial Manufacturer
-
The Tiny Coffee House Warehouse & Storage
-
Pentom Supply Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$2.00M
Owner & transaction history
Gki Infill Atlanta LLC · 4 yrs held
Gki Infill Atlanta LLC
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
M1 · Conyers, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.3M
+32.7%
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 Conyers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conyers 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
$2,020,000
ML approach
$2,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,485,000
Current use
WAREHOUSE, STORAGE
$3,295,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $1.97M (Jun 22 2022)
Last sale anchor
$1.97M
Jun 22 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
$59 / 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
$32,817
Tax year 2023
Assessed value
$780,000
Assessed 2023
Previous assessed
$780,000
+0.0% YoY
Effective rate
4.21%
On assessed value
Assessed land
$55,280
Assessed improvement
$724,720
Land market value
$138,200
Improvement market value
$1,811,800
Total market value
$1,950,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1976
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
33,750 SF
Lot
3.84 ac (167,270 SF)
Zoning code
M1
APN
071-0-01-0005
UPID
US22-1611250
Jurisdiction
ROCKDALE
Zoning & alternative use
M1 · Conyers, GA
Zoning M1 · permitted uses
M1 · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conyers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$3.3M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1976
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
3.84 ac
Current owner
From public records · entity-resolved
Gki Infill Atlanta LLC
Entity
Mailing address
280 PARK AVE, NEW YORK, NY 10017-1274
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2025
—
Gki Infill Atlanta LLC
—
Deed
related
—
Jun 22, 2022
—
Gki Infill Atlanta LLC
Fpip Atl LP
Warranty Deed
—
Jun 22, 2022
$1,966,000
Gki Infill Atlanta LLC
Fpip Atl L P
Warranty Deed
—
Mar 2, 2020
—
Fpip-atl LP
Kenstone Properties LLC
Correction Deed
related
—
Apr 16, 2019
—
Fpip-atl LP
Kenstone Properties LLC
Quit Claim Deed
related
—
Apr 16, 2019
$1,140,000
Fpip-atl LP
Kenstone Properties LLC
Grant Deed
—
Dec 21, 2017
—
Kenstone Properties LLC
—
Deed
related
—
Jul 15, 2006
—
Kenstone Propertiesllc
Newman,charles K
Grant Deed
related
—
Feb 7, 2006
$760,000
Charles K Newman JR.
Gardner Gibson INC
Grant Deed
—
—
—
Charles K Newman JR.
—
Deed Of Trust
related
$600,000 · Eastside Commercial Bank NA
—
—
Kenstone Properties LLC
—
Deed Of Trust
related
$440,811 · Branch Bk&tr
—
—
Kenstone Properties LLC
—
Loan Modification
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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