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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Distribution centers
195 Ottley NE Dr Atlanta, GA 30324-3924
Entity Owned
12-yr Hold
Free & Clear
Property ID
US22-2971492
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2016
Construction
STEEL FRAME
Total area
37,538 SF
Lot
1.43 ac (62,465 SF)
Zoning code
I1
APN
17 0103 LL1108
UPID
US22-2971492
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
-
Beer & Comedy Nightclub Theater & Performing Art Venue
-
The Woodlands Project at SweetWater Production Facility Brewery & Distillery
-
SweetWater Brewing Company Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.35M
Owner & transaction history
Cheese Grits LLC · 12 yrs held
Cheese Grits LLC
since 2014
5 recorded transactions
Zoning & alternative use
I1 · Atlanta, 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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$63 / 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
$1,674,920
Assessed 2024
Previous assessed
$1,726,520
-3.0% YoY
Assessed land
$560,360
Assessed improvement
$1,114,560
Land market value
$1,400,900
Improvement market value
$2,786,400
Total market value
$4,187,300
Applied tax rate
5.0000
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
2016
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
37,538 SF
Lot
1.43 ac (62,465 SF)
Zoning code
I1
APN
17 0103 LL1108
UPID
US22-2971492
Jurisdiction
FULTON
Zoning & alternative use
I1 · Atlanta, GA
Zoning I1 · permitted uses
I1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2016
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Cheese Grits LLC
Entity
Free & Clear · 12 yrs held
Mailing address
195 OTTLEY DR NE, ATLANTA, GA 30324-3924
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2014
$1,350,000
Cheese Grits LLC
Parkbrook Ottley Owners LLC
Grant Deed
—
Jun 26, 2012
—
Parkbrook Ottley Owners LLC
Ottley Drive II LLC
Quit Claim Deed
related
—
Jun 26, 2012
$831,300
Parkbrook Ottley Owners LLC
Ottley Drive II LLC
Grant Deed
related
—
—
—
Glenn E Murer
—
Deed Of Trust
related
$445,000 · Eleven 55 LLC
—
—
Cheese Grits LLC
—
Deed Of Trust
related
$22,635,000 · Pinnacle 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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