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Property profile & analytics
OFF-MARKET
Estimated value
$6,840,000
Warehouses
185 Milledge Hts Athens, GA 30606-4925
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1728141
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
STEEL FRAME
Total area
54,537 SF
Lot
1.23 ac (53,579 SF)
Zoning code
C-G
APN
18-1-A4 B-002-E
UPID
US22-1728141
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
$6.45M
CAP Approach
CAP
$7.21M
Comparable Approach
Comparable
$6.49M
Blend (final)
Blend
$6.84M
Owner & transaction history
Sbs Ga 2022 LLC · 4 yrs held
Sbs Ga 2022 LLC
since 2022
Last sale
$7.1M
4 recorded transactions
Zoning & alternative use
C-G · Athens, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.1M
+75.0%
Commercial (general)
$8.8M
+52.4%
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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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
$6,680,000
ML approach
$6,445,000
CAP Approach
CAP Return
Estimation
6%
$7,810,000
6.5%
$7,210,000
7%
$6,695,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,745,000
Current use
AUTO REPAIR, GARAGE
$10,055,000
Change: +75% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,755,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$6.84M
Range $6.16M – $7.52M · ±10% · vs last sale $7.10M (May 17 2022)
Last sale anchor
$7.10M
May 17 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
$125 / 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
$81,721
Tax year 2023
Assessed value
$2,029,280
Assessed 2023
Previous assessed
$2,029,280
+0.0% YoY
Effective rate
4.03%
On assessed value
Assessed land
$118,080
Assessed improvement
$1,911,200
Land market value
$295,200
Improvement market value
$4,778,001
Total market value
$5,073,201
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Total area
54,537 SF
Lot
1.23 ac (53,579 SF)
Zoning code
C-G
APN
18-1-A4 B-002-E
UPID
US22-1728141
Jurisdiction
CLARKE
Zoning & alternative use
C-G · Athens, GA
Zoning C-G · permitted uses
C-G · Athens, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Athens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$10.1M
COMMERCIAL (GENERAL)
Est. value
$8.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2019
Construction
STEEL FRAME
Heating
NONE
Lot
1.23 ac
Current owner
From public records · entity-resolved
Sbs Ga 2022 LLC
Entity
Mailing address
4045 PECOS ST STE #201, DENVER, CO 80211-2567
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
$7,100,000
Sbs Ga 2022 LLC
Five Points Storage LLC
Warranty Deed
$4,657,250 · Jp Morgan Chase Bank
Jun 22, 2020
—
Five Points Storage LLC
—
Correction Deed
related
$2,000,000 · Bank South
Feb 20, 2020
—
Five Points Storage LLC
—
Deed Of Trust
related
$2,000,000 · Bank South
Sep 30, 2019
$261,700
Five Points Storage LLC
Bpcb Investments LLC
Warranty Deed
—
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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