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Property profile & analytics
OFF-MARKET
Estimated value
$20,315,000
Manufacturing properties
190 Holland Dr, Pendergrass, GA 30567-4686
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2712261
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2022
Construction
CONCRETE
Total area
238,200 SF
Lot
17.29 ac (753,152 SF)
Zoning code
M1
APN
092 005B2
UPID
US22-2712261
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
-
Pactra Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.04M
Blend (final)
Blend
$20.32M
Owner & transaction history
Lrf2 Atl Walnut Fork LLC · 3 yrs held
Lrf2 Atl Walnut Fork LLC
since 2022
Last sale
$19.9M
3 recorded transactions
Zoning & alternative use
M1 · Pendergrass, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$31.6M
+178.5%
Office building
$26.8M
+136.6%
Restaurant
$24.5M
+116.4%
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 Pendergrass submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pendergrass 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
$21,145,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$31,565,000
Change: +179% · Conversion: Difficult
OFFICE BUILDING
$26,810,000
Change: +137% · Conversion: Difficult
RESTAURANT
$24,520,000
Change: +116% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,040,000
Change: +68% · Conversion: Easy
RETAIL STORES
$18,330,000
Change: +62% · Conversion: Moderate
MEDICAL BUILDING
$18,330,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,135,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$20.32M
Range $18.28M – $22.35M · ±10% · vs last sale $19.90M (Sep 12 2022)
Last sale anchor
$19.90M
Sep 12 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
$85 / 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
$232,651
Tax year 2023
Assessed value
$7,237,760
Assessed 2023
Previous assessed
$7,237,760
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$556,480
Assessed improvement
$6,681,280
Land market value
$1,391,200
Improvement market value
$16,703,200
Total market value
$18,094,400
Applied tax rate
3.0000
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
Off-Market
Year built
2022
Construction
CONCRETE
Heating
NONE
Total area
238,200 SF
Lot
17.29 ac (753,152 SF)
Zoning code
M1
APN
092 005B2
UPID
US22-2712261
Jurisdiction
JACKSON
Zoning & alternative use
M1 · Pendergrass, GA
Zoning M1 · permitted uses
M1 · Pendergrass, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pendergrass. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$31.6M
OFFICE BUILDING
Est. value
$26.8M
RESTAURANT
Est. value
$24.5M
AUTO REPAIR, GARAGE
Est. value
$19.0M
RETAIL STORES
Est. value
$18.3M
MEDICAL BUILDING
Est. value
$18.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.1M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2022
Construction
CONCRETE
Heating
NONE
Lot
17.29 ac
Current owner
From public records · entity-resolved
Lrf2 Atl Walnut Fork LLC
Entity
Mailing address
13128 W BROWARD BLVD, PLANTATION, FL 33325
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
Sep 12, 2022
$19,900,000
Lrf2 Atl Walnut Fork LLC
Walnut Fork Investors LLC
Warranty Deed
—
Jun 28, 2021
—
Walnut Fork Investors LLC
—
Deed
related
$12,271,100 · Georgia Banking
Feb 22, 2021
$1,452,528
Walnut Fork Investors LLC
Stone Mountain Industrial Park INC
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.
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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