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Property profile & analytics
OFF-MARKET
Warehouses
1962 Railroad St Statham, GA 30666-1878
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4449511
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
STEEL FRAME
Total area
15,368 SF
Lot
1.3 ac (56,628 SF)
Zoning code
CB
APN
ST05 048
UPID
US22-4449511
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
-
True American Classics Department Store
-
TrueAmericanClassics Store Equipment Supplier Corporate Entertainment Service
-
Solid Rock Productions, Inc. Industrial Manufacturer Production Facility
-
Talastar, Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Patrick Adamson · 5 yrs held
Patrick Adamson
since 2020
Last sale
$425,000
7 recorded transactions
Zoning & alternative use
CB · Statham, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CB Central Business District HB Highway Business District 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…
Zone name
Central Business
General category
COMMERCIAL
Zone area
11.64 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,261
Tax year 2024
Assessed value
$176,718
Assessed 2024
Previous assessed
$176,718
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$28,400
Assessed improvement
$148,318
Land market value
$71,000
Improvement market value
$370,795
Total market value
$441,795
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
1985
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
15,368 SF
Lot
1.3 ac (56,628 SF)
Zoning code
CB
APN
ST05 048
UPID
US22-4449511
Jurisdiction
BARROW
Zoning & alternative use
CB · Statham, GAZoning CB · permitted uses
CB · Statham, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CB Central Business District HB Highway Business District 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
Central Business
General category
COMMERCIAL
Zone area
11.64 ac
Source
StathamUDCAdopted6 30 20
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
1.3 ac
Current owner
From public records · entity-resolved
Patrick Adamson
Individual
Mailing address
5459 N RICHLAND CRK RD, BUFORD, GA 30518-2407
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Sep 1, 2020
$425,000
Patrick Adamson
P J P Properties LLC
Grant Deed
$154,000 · Renasant Bk
Feb 22, 2018
—
Pjp Properties LLC
—
Deed
related
$285,893 · Chattahoochee Bk/ga
Apr 25, 2008
$650,000
Pjp Properties LLC
Horne,danny L
Grant Deed
$592,592 · Community Bank & Trust Co
—
—
Pjp Properties LLC
—
Deed Of Trust
related
$313,749 · Chattahoochee Bk/ga
—
—
Danny L Horne
—
Deed Of Trust
related
$362,105 · Security Bank Of Bibb
—
—
Luxor Homes INC
—
Deed Of Trust
related
$200,000 · Branch Banking & Trust Co
—
—
Horne,danny L
—
Deed Of Trust
related
$300,000 · Regions Bk/fayette
—
—
Pjp Properties LLC
—
Loan Modification
related
$285,893 · Chattahoochee Bk/ga
—
—
Pjp Properties LLC
—
Deed Of Trust
related
$350,000 · Verity Bank
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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