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Property profile & analytics
OFF-MARKET
Estimated value
$9,545,000
Warehouses
196 Rio Cir Decatur, GA 30030-2222
Entity Owned
5-yr Hold
Free & Clear
Property ID
US22-0993487
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Construction
WOOD FRAME
Total area
43,260 SF
Lot
2.2 ac (95,832 SF)
Zoning code
M
APN
18 009 30 003
UPID
US22-0993487
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
-
Construction Resources Construction Company
-
Builder Specialties Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.55M
Owner & transaction history
Frg X Ga1 LP · 5 yrs held
Frg X Ga1 LP
since 2021
Last sale
$12.2M
7 recorded transactions
Zoning & alternative use
M · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.3M
+105.7%
Auto repair, garage
$11.4M
+76.1%
Retail stores
$10.1M
+55.4%
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$9,695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,485,000
Current use
OFFICE BUILDING
$13,340,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,420,000
Change: +76% · Conversion: Easy
RETAIL STORES
$10,080,000
Change: +55% · Conversion: Moderate
Blend value · Realmo final
$9.55M
Range $8.59M – $10.50M · ±10% · vs last sale $12.19M (May 14 2021)
Last sale anchor
$12.19M
May 14 2021
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
$221 / 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
$66,345
Tax year 2024
Assessed value
$1,460,300
Assessed 2024
Previous assessed
$1,460,300
+0.0% YoY
Effective rate
4.54%
On assessed value
Assessed land
$219,045
Assessed improvement
$1,241,255
Land market value
$547,612
Improvement market value
$3,103,137
Total market value
$3,650,749
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
1958
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
43,260 SF
Lot
2.2 ac (95,832 SF)
Zoning code
M
APN
18 009 30 003
UPID
US22-0993487
Jurisdiction
DE KALB
Zoning & alternative use
M · Decatur, GA
Zoning M · permitted uses
M · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.5M
OFFICE BUILDING
Est. value
$13.3M
AUTO REPAIR, GARAGE
Est. value
$11.4M
RETAIL STORES
Est. value
$10.1M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1958
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Frg X Ga1 LP
Entity
Free & Clear · 5 yrs held
Mailing address
196 RIO CIR STE #200, DECATUR, GA 30030-2222
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
May 14, 2021
$12,190,000
Frg X Ga1 LP
Odum Holdings LLC
Warranty Deed
—
Jun 1, 2020
—
Odum Holdings LLC
—
Deed
related
$1,000,000 · Truist Bk
—
—
Odum Holdings LLC
—
Deed Of Trust
related
$5,528,725 · Branch Banking & Trust Co
—
—
Sjm Holdings LLC
—
Deed Of Trust
related
$640,000 · Branch Bk&tr
—
—
Odum Holdings LLC
—
Deed Of Trust
related
$1,000,000 · Truist Bk
—
—
Odum Holdings LLC
—
Loan Modification
related
—
—
—
Odum Holdings LLC
—
Loan Modification
related
—
—
—
Odum Holdings LLC
—
Loan Modification
related
—
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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