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Property profile & analytics
OFF-MARKET
Estimated value
$14,950,000
Distribution centers
1940 Twin Creeks Pkwy Conyers, GA 30013-2501
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US22-0988563
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2018
Total area
233,600 SF
Lot
69.15 ac (3,012,174 SF)
Zoning code
ID
APN
071-0-01-0007
UPID
US22-0988563
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.95M
Owner & transaction history
Development Authority Of Rockd · 8 yrs held
Development Authority Of Rockd
since 2017
7 recorded transactions
Zoning & alternative use
ID · Conyers, 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 Conyers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conyers 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
$22,820,000
Current use
Blend value · Realmo final
$14.95M
Range $13.46M – $16.45M · ±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
$64 / 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
Assessed value
$6,600,000
Assessed 2023
Previous assessed
$6,600,000
+0.0% YoY
Assessed land
$672,120
Assessed improvement
$5,927,880
Land market value
$1,680,300
Improvement market value
$14,819,700
Total market value
$16,500,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
2
Total area
233,600 SF
Lot
69.15 ac (3,012,174 SF)
Zoning code
ID
APN
071-0-01-0007
UPID
US22-0988563
Jurisdiction
ROCKDALE
Zoning & alternative use
ID · Conyers, GA
Zoning ID · permitted uses
ID · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conyers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$22.8M
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
Heating
NONE
Buildings
2
Lot
69.15 ac
Current owner
From public records · entity-resolved
Development Authority Of Rockd
Entity
Mailing address
2195 EASTVIEW PKWY STE #100, CONYERS, GA 30013-5769
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2017
—
Development Authority Of Rockd
Twin Creeks Prop 3 & 4 LLC
Grant Deed
related
$17,000,000 · Keybank USA
Mar 8, 2017
$1,793,300
Twin Creeks Properties 3 & 4 L
Sigman Gees Properties LLC
Quit Claim Deed
related
—
Jun 11, 2014
—
Sigman Gees Properties LLC
Development Authority Of Rockdale
Quit Claim Deed
related
—
Jun 21, 2007
$327,740
Twin Creeks Properties LLC
Sigman Gees Properties LLC
Grant Deed
—
Jun 21, 2007
$1,223,300
Twin Creeks Properties LLC
Sigman Gees Properties LLC
Grant Deed
—
May 3, 2006
$203,940
Michael D Mcmahon
Sigman Gees Properties LLC
Grant Deed
—
Aug 4, 2005
—
Sigman Gees Props LLC
Elson Harry
Quit Claim Deed
related
—
Aug 4, 2005
$156,500
Sigman Gees Props LLC
Talmadge Tyler W
Grant Deed
—
Aug 4, 2005
$469,300
Sigman Gees Props LLC
Talmadge,herman E JR
Grant Deed
—
Aug 4, 2005
$1,407,900
Sigman Gees Props LLC
Morris B Abram Fam Part
Grant Deed
—
Aug 4, 2005
$2,816,300
Sigman Gees Props LLC
Elson,harry
Grant Deed
—
—
—
Twin Creeks Prop 3 & 4 LLC
—
Deed Of Trust
related
$17,000,000 · Keybank USA
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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