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Property profile & analytics
OFF-MARKET
Estimated value
$25,570,000
Industrial properties
1947 Bill Casey Pkwy Jonesboro, GA 30236-6041
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-3925345
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2018
Total area
155,204 SF
Lot
21.37 ac (931,051 SF)
Zoning code
I
APN
06-001 -032-020
UPID
US22-3925345
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
$29.01M
Comparable Approach
Comparable
$21.60M
Blend (final)
Blend
$25.57M
Owner & transaction history
Casey Investment Group Lllp · 7 yrs held
Casey Investment Group Lllp
since 2018
3 recorded transactions
Zoning & alternative use
I · Jonesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$40.9M
+89.9%
Office building
$23.2M
+7.8%
Neighborhood: shopping center
$22.7M
+5.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$31,430,000
6.5%
$29,010,000
7%
$26,940,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$21,510,000
Current use
AUTO REPAIR, GARAGE
$40,850,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$23,180,000
Change: +8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$22,745,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$20,035,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$25.57M
Range $23.01M – $28.13M · ±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
$165 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$148,378
Tax year 2024
Assessed value
$5,071,200
Assessed 2024
Previous assessed
$5,071,200
+0.0% YoY
Effective rate
2.93%
On assessed value
Assessed land
$299,240
Assessed improvement
$4,771,960
Land market value
$748,100
Improvement market value
$11,929,900
Total market value
$12,678,000
Applied tax rate
4.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2018
Heating
NONE
Total area
155,204 SF
Lot
21.37 ac (931,051 SF)
Zoning code
I
APN
06-001 -032-020
UPID
US22-3925345
Jurisdiction
CLAYTON
Zoning & alternative use
I · Jonesboro, GA
Zoning I · permitted uses
I · 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
COMMERCIAL (GENERAL) Current
Est. value
$21.5M
AUTO REPAIR, GARAGE
Est. value
$40.9M
OFFICE BUILDING
Est. value
$23.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.7M
RETAIL STORES
Est. value
$20.0M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
Lot
21.37 ac
Current owner
From public records · entity-resolved
Casey Investment Group Lllp
Entity
Free & Clear · 7 yrs held
Mailing address
9192 TARA BLVD, JONESBORO, GA 30236-4913
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2018
—
Casey Investment Group Lllp
Development Authority Of Clayt
Quit Claim Deed
related
—
Dec 1, 2017
$400,000
Development Authority Of Clayton
Casey Investment Group Lllp
Grant Deed
$10,000,000 · United Cmnty Bk
Dec 1, 2017
—
Casey Investment Group Lllp
—
Grant Deed
related
$10,000,000 · United Cmnty 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.
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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