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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Warehouses
189 Luke Rd Bogart, GA 30622-1605
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US22-1296382
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
STEEL FRAME
Total area
7,000 SF
Lot
50.05 ac (2,180,178 SF)
Zoning code
AR
APN
01-2- -004-B
UPID
US22-1296382
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
-
Soul Miner's Eden (Bike/Boat/Book/etc) Store Specialty Food Shop
-
Southland Organics Agricultural Service Fertilizer Supplier
-
Drain + Tree Landscaping General Contractor
-
Spray Squad Pest Control Garden Center
-
Point.Dog Digital Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$655k
Owner & transaction history
Michael A Usry · 8 yrs held
Michael A Usry
since 2018
7 recorded transactions
Zoning & alternative use
AR · Bogart, 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 Bogart submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bogart 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$740,000
Current use
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$94 / 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
$9,714
Tax year 2023
Assessed value
$310,857
Assessed 2023
Previous assessed
$310,857
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$120,120
Assessed improvement
$190,737
Land market value
$300,300
Improvement market value
$476,842
Total market value
$777,142
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Total area
7,000 SF
Lot
50.05 ac (2,180,178 SF)
Zoning code
AR
APN
01-2- -004-B
UPID
US22-1296382
Jurisdiction
CLARKE
Zoning & alternative use
AR · Bogart, GAZoning AR · permitted uses
AR · Bogart, 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
$740,000
WAREHOUSE, STORAGE Current
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
2018
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Lot
50.05 ac
Current owner
From public records · entity-resolved
Michael A Usry
Individual
Mailing address
189 LUKE RD, BOGART, GA 30622-1605
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2020
—
Ray N Calloway JR.
—
Deed
related
$136,000 · United Wholesale Mtg
Dec 26, 2018
—
Ray N Calloway JR
—
Deed
related
$132,000 · Magnolia Bk
Jun 20, 2018
—
Michael A Usry
Tufco Holdings LLC
Grant Deed
related
$337,688 · Commercial Bk
Mar 5, 2018
—
Tufco Holdings LLC
—
Deed
related
$1,020,000 · Commercial Bk
Aug 31, 2017
$470,000
Tufco Holdings LLC
Driskell,robert G & William J
Grant Deed
related
$385,315 · Commercial Bk
Dec 12, 2007
—
Georgia Transmission Corp
Georgia Power
Quit Claim Deed
related
—
Dec 16, 2004
—
Robert G Driskell
Bolton,john D
Grant Deed
related
—
—
—
Ray N Calloway JR
—
Deed Of Trust
related
$132,000 · Magnolia Bk
—
—
Ray N Calloway JR.
—
Deed Of Trust
related
$136,000 · United Wholesale Mtg
—
—
Tufco Holdings LLC
—
Loan Modification
related
$1,020,000 · Commercial 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.
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