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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Warehouses
200 Hwy 23rd NE Suwanee, GA 30024
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1729486
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1973
Total area
6,000 SF
Lot
1.75 ac (76,230 SF)
Zoning code
C2-GENERAL BUSINESS
APN
R7254 001
UPID
US22-1729486
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
$1.15M
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$883k
Blend (final)
Blend
$920k
Owner & transaction history
Mcp Holdings LLC · 4 yrs held
Mcp Holdings LLC
since 2022
Last sale
$870,000
3 recorded transactions
Zoning & alternative use
C2-GENERAL BUSINESS · Suwanee, 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 Suwanee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Suwanee 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
$1,065,000
ML approach
$1,145,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,150,000
Current use
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $870k (Jun 9 2025)
Last sale anchor
$870k
Jun 9 2025
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
$153 / 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
$6,528
Tax year 2024
Assessed value
$204,000
Assessed 2024
Previous assessed
$238,000
-14.3% YoY
Effective rate
3.20%
On assessed value
Assessed land
$114,720
Assessed improvement
$89,280
Land market value
$286,800
Improvement market value
$223,200
Total market value
$510,000
Applied tax rate
12.0000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1973
Heating
YES
Cooling
NONE
Stories
1
Total area
6,000 SF
Lot
1.75 ac (76,230 SF)
Zoning code
C2-GENERAL BUSINESS
APN
R7254 001
UPID
US22-1729486
Jurisdiction
GWINNETT
Zoning & alternative use
C2-GENERAL BUSINESS · Suwanee, GA
Zoning C2-GENERAL BUSINESS · permitted uses
C2-GENERAL BUSINESS · Suwanee, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Suwanee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
WAREHOUSE, STORAGE Current
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
1973
Heating
YES
Cooling
Yes
Stories
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Mcp Holdings LLC
Entity
Mailing address
1235 EVERTON PL, CUMMING, GA 30041-7079
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2022
$820,000
Mcp Holdings LLC
Everett Major
Warranty Deed
$770,000 · First Citizens Bank
Oct 3, 2016
$340,000
Elvin & Virginia Thigpen Famil
Aurora Casket Co LLC
Grant Deed
—
Oct 3, 2016
—
Elvin & Virginia Thigpen Famil
Aurora Casket Co LLC
Quit Claim Deed
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.
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