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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Warehouses
1950 Statham Dr Statham, GA 30666-1822
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0874448
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
STEEL FRAME
Total area
11,250 SF
Lot
3 ac (130,680 SF)
Zoning code
LI
APN
ST02 090F
UPID
US22-0874448
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
$825k
Owner & transaction history
Next G Inv INC · 21 yrs held
Next G Inv INC
since 2004
7 recorded transactions
Zoning & alternative use
LI · Statham, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
LI Light Industrial District PUD Planned Unit Development District Sec. 2-103. Amendment. (a) No changes of any nature shall be made to the official zoning map except for amendments to the map approved by the Statham city council or by adoption of a new official zoning map of the City of Statham, and except as otherwise specifically provided in this section.…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
162.24 ac
Source
StathamUDCAdopted6 30 20
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 Statham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Statham 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
$1,115,000
Current use
INDUSTRIAL (GENERAL)
$1,100,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$73 / 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
$8,912
Tax year 2024
Assessed value
$299,336
Assessed 2024
Previous assessed
$299,336
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$24,000
Assessed improvement
$275,336
Land market value
$60,000
Improvement market value
$688,341
Total market value
$748,341
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
Total area
11,250 SF
Lot
3 ac (130,680 SF)
Zoning code
LI
APN
ST02 090F
UPID
US22-0874448
Jurisdiction
BARROW
Zoning & alternative use
LI · Statham, GAZoning LI · permitted uses
LI · Statham, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
LI Light Industrial District PUD Planned Unit Development District Sec. 2-103. Amendment. (a) No changes of any nature shall be made to the official zoning map except for amendments to the map approved by the Statham city council or by adoption of a new official zoning map of the City of Statham, and except as otherwise specifically provided in this section. (b) The official zoning map may be amended from time to time, or a new official zoning map may be adopted, in accordance with the provisions of this UDC. Amendments to the official zoning map shall be made promptly after the amendment has been approved. (c) The zoning administrator is authorized to correct or update property lines depicted on the official zoning map, as such changes to the tax records of the city are made through land subdivision and combination of lots or for other reasons, without a requirement to seek
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
162.24 ac
Source
StathamUDCAdopted6 30 20
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
INDUSTRIAL (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
2007
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
3 ac
Current owner
From public records · entity-resolved
Next G Inv INC
Entity
Mailing address
1940 STATHAM DR, STATHAM, GA 30666-1822
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2019
—
Next G Investment INC
—
Loan Modification
related
$2,693,116 · South St Bk
Oct 7, 2019
—
Next G Investments INC
—
Loan Modification
related
$2,000,000 · South St Bk
Aug 21, 2017
—
Next G Investments INC
—
Loan Modification
related
$2,000,000 · South St Bk
Nov 29, 2010
—
Next G Investments INC
—
Grant Deed
related
$1,500,000 · Branch Banking & Trust Co
Oct 13, 2004
—
Next G Inv INC
Wall,robert C
Quit Claim Deed
related
—
Aug 20, 2004
$288,000
Robert C Wall
Jerry M Maynard
Grant Deed
related
—
—
—
Next G Investments INC
—
Deed Of Trust
related
$549,346 · Branch Banking & Trust Co
—
—
Next G Investments INC
—
Deed Of Trust
related
$1,350,000 · Columbus Bk&tr
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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