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Property profile & analytics
OFF-MARKET
Estimated value
$90,535,000
Distribution centers
195 King Blvd Mcdonough, GA 30253-6776
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0816166
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Construction
CONCRETE
Total area
754,908 SF
Lot
88.41 ac (3,851,140 SF)
Zoning code
I
APN
109-01030001
UPID
US22-0816166
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
-
SVS Vision Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$85.26M
Comparable Approach
Comparable
$99.37M
Blend (final)
Blend
$90.54M
Owner & transaction history
P9 Gcp 195 King Mill Road LLC · 3 yrs held
P9 Gcp 195 King Mill Road LLC
since 2022
Last sale
$93.0M
7 recorded transactions
Zoning & alternative use
I · Mcdonough, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$121.0M
+61.2%
Neighborhood: shopping center
$107.4M
+43.1%
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 Mcdonough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcdonough 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
$82,050,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$92,360,000
6.5%
$85,255,000
7%
$79,165,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$75,075,000
Current use
OFFICE BUILDING
$121,010,000
Change: +61% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$107,395,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$90.54M
Range $81.48M – $99.59M · ±10% · vs last sale $93.00M (Oct 12 2022)
Last sale anchor
$93.00M
Oct 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
$120 / 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
$1,095,150
Tax year 2024
Assessed value
$26,937,200
Assessed 2024
Previous assessed
$26,937,200
+0.0% YoY
Effective rate
4.07%
On assessed value
Assessed land
$3,005,960
Assessed improvement
$23,931,240
Land market value
$7,514,900
Improvement market value
$59,828,100
Total market value
$67,343,000
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
2008
Construction
CONCRETE
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Units
1
Bathrooms
16
Total area
754,908 SF
Lot
88.41 ac (3,851,140 SF)
Zoning code
I
APN
109-01030001
UPID
US22-0816166
Jurisdiction
HENRY
Zoning & alternative use
I · Mcdonough, GA
Zoning I · permitted uses
I · Mcdonough, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcdonough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$75.1M
OFFICE BUILDING
Est. value
$121.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$107.4M
WAREHOUSE, STORAGE Current
OFFICE 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
2008
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Units
1
Bathrooms
16
Lot
88.41 ac
Current owner
From public records · entity-resolved
P9 Gcp 195 King Mill Road LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2 20TH ST N STE #1500, BIRMINGHAM, AL 35203-4015
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2022
—
P9 Gcp 195 King Mill Road LLC
—
Deed
related
$121,140,000 · Tnbank
Oct 12, 2022
$93,000,000
P9 Gcp 195 King Mill Road LLC
Icon Dp Wh Atlanta Owner Pool 5 Ga
Limited Warranty Deed
—
Oct 15, 2019
—
Icon Dp Wh Atlanta Owners Pool
—
Grant Deed
related
$1,550,000,000 · Deutsche Bk Ag London
Jul 24, 2019
—
Icon Dp Wh Atlanta Owner Pool
Henry County Dev Authority
Quit Claim Deed
related
—
Jun 8, 2011
$50,000
Henry County Georgia
Southern Region Indl Realty I
Quit Claim Deed
related
—
Jun 1, 2009
—
Henry County Development Autho
Wp Atlanta Np LLC
Grant Deed
$84,000 · Dexus Atlanta Ga LLC
Sep 12, 2007
$7,000,000
Majestic King Mill LLC
Lambert Family Investments
Grant Deed
—
Sep 12, 2007
$11,850,000
Wp Atlanta Np LLC
Majestic King Mill LLC
Grant Deed
—
—
—
Icon Dp Wh Atlanta Owner Poo 5
—
Deed Of Trust
related
$292,500,000 · Goldman Sachs Mtg
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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