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Property profile & analytics
OFF-MARKET
Estimated value
$440,000
Distribution centers
1851 Bowman NW Hwy Dewy Rose, GA 30634-3020
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-2292135
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1984
Construction
WOOD
Total area
10,530 SF
Lot
5.81 ac (253,084 SF)
Zoning code
GB
APN
021 024B
UPID
US22-2292135
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
-
Davis Floral Co Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$769k
Blend (final)
Blend
$440k
Owner & transaction history
John Michael Davis · 2 yrs held
John Michael Davis
since 2024
1 recorded transaction
Zoning & alternative use
GB · Dewy Rose, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$985,000
+21.0%
Commercial (general)
$935,000
+14.5%
Restaurant
$925,000
+13.3%
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 Dewy Rose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dewy Rose 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
by Request
ML approach
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$815,000
Current use
AUTO REPAIR, GARAGE
$985,000
Change: +21% · Conversion: Easy
COMMERCIAL (GENERAL)
$935,000
Change: +14% · Conversion: Difficult
RESTAURANT
$925,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$440k
Range $396k – $484k · ±10%
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
$42 / 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
$3,090
Tax year 2023
Assessed value
$128,885
Assessed 2023
Previous assessed
$113,620
+13.4% YoY
Effective rate
2.40%
On assessed value
Assessed land
$23,240
Assessed improvement
$105,645
Land market value
$58,100
Improvement market value
$264,112
Total market value
$322,212
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
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
ELECTRIC
Cooling
EVAPORATIVE
Buildings
4
Total area
10,530 SF
Lot
5.81 ac (253,084 SF)
Zoning code
GB
APN
021 024B
UPID
US22-2292135
Jurisdiction
ELBERT
Zoning & alternative use
GB · Dewy Rose, GAZoning GB · permitted uses
GB · Dewy Rose, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$985,000
COMMERCIAL (GENERAL)
Est. value
$935,000
RESTAURANT
Est. value
$925,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
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
1984
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Buildings
4
Lot
5.81 ac
Current owner
From public records · entity-resolved
John Michael Davis
Individual
Mailing address
1851 BOWMAN HWY NW, DEWY ROSE, GA 30634-3020
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2024
—
John Michael Davis
—
Deed
related
$394,600 · Northeast Georgia 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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