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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Distribution centers
1940 Hwy 85 Jonesboro, GA 30238-5651
Trust Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1629410
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1986
Construction
METAL FRAME
Total area
6,200 SF
Lot
1.04 ac (45,302 SF)
Zoning code
C CH
APN
0552 038
UPID
US22-1629410
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
$350k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$394k
Blend (final)
Blend
$560k
Owner & transaction history
Shelnutt Living Trust · 8 yrs held
Shelnutt Living Trust
since 2017
3 recorded transactions
Zoning & alternative use
C CH · Jonesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$860,000
+28.6%
Neighborhood: shopping center
$855,000
+27.7%
Retail stores
$795,000
+18.8%
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 Jonesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jonesboro 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
$350,000
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$670,000
Current use
OFFICE BUILDING
$860,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Change: +28% · Conversion: Moderate
RETAIL STORES
$795,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$760,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$90 / 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
$4,523
Tax year 2023
Assessed value
$162,324
Assessed 2023
Previous assessed
$157,764
+2.9% YoY
Effective rate
2.79%
On assessed value
Assessed land
$90,604
Assessed improvement
$71,720
Land market value
$226,510
Improvement market value
$179,300
Total market value
$405,810
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1986
Construction
METAL FRAME
Heating
NONE
Stories
1
Total area
6,200 SF
Lot
1.04 ac (45,302 SF)
Zoning code
C CH
APN
0552 038
UPID
US22-1629410
Jurisdiction
FAYETTE
Zoning & alternative use
C CH · Jonesboro, GA
Zoning C CH · permitted uses
C CH · Jonesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jonesboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$670,000
OFFICE BUILDING
Est. value
$860,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$855,000
RETAIL STORES
Est. value
$795,000
COMMERCIAL (GENERAL)
Est. value
$760,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1986
Construction
METAL FRAME
Heating
NONE
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Shelnutt Living Trust
Trust
Free & Clear · 8 yrs held
Mailing address
1015 TOWNE ML XING, CANTON, GA 30114-7578
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Dec 4, 2017
—
Shelnutt Living Trust
Albert & Evelyn Myers Family L
Quit Claim Deed
related
—
Feb 8, 2007
—
Albert,and Efelyn Myers Family
Myers,albert A.
Quit Claim Deed
related
—
—
—
Albert A. Myers
—
Deed Of Trust
related
$200,000 · Branch Banking & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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