Entity Owned 
For Lease
1 / 14
$810,000
2000 Meredith Park Dr, McDonough, GA 30253
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Property summary
AI-generated overview
This exceptional investment opportunity presents a 6,000-square-foot warehouse situated on a generous 3.5-acre lot in McDonough, Georgia. The property, located at 2000 Meredith Park Drive, boasts a desirable M1 zoning classification. The building includes approximately 2,000 square feet of office space, adding to its versatility. Access is facilitated by two grade-level loading doors, each measuring 12' x 16'. Ample outdoor storage space and truck parking are also available. Currently leased to Penske Truck Leasing under a NNN lease expiring October 31, 2026, with two 2-year renewal options at a 3% annual escalation, this property generates a substantial net operating income (NOI) of $61,095.96 annually. The asking price is $1,100,000, representing a compelling 6.00% cap rate. This well-maintained warehouse offers a strong return on investment with a long-term lease in place, making it an attractive addition to any portfolio. The property's strategic location in Henry County, Georgia, and its functional design make it an ideal investment for discerning buyers seeking stable income and future appreciation potential. The property's zip code is 30253.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
STEEL FRAME
Total area
6,000 SF
Lot
3.5 ac (152,460 SF)
Zoning code
M1
APN
096A01013000
UPID
US22-4703381
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company General Contractor
-
Car Rental Facility
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$810k
Blend (final)
Blend
$810k
Owner & transaction history
since 2024
Last sale
$936,000
7 recorded transactions
Zoning & alternative use
M1 · Mcdonough, GA
Top alternative use upside
Commercial (general)
$1.4M
+129.4%
Auto repair, garage
$1.2M
+107.3%
Office building
$960,000
+61.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$810k
Value range
$729k – $891k
±10% around blend
Estimated value / SF
$135 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
$729k
blend $810k
$891k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,000 SF
Lot area
3.5 ac
Year built
2003
Stories
1
APN
096A01013000
Zoning
M1
Assessed value
$281,760
Annual tax
$11,554
3
Income approach: direct capitalization
Partial preview
Income approach indication
$680k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$735k
@ 6.5% CAP return
$680k
@ 7% CAP return
$630k
4
Sales comparison
Partial preview
Sales approach indication
$1.03M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
19.9 mi away · 4,800 SF
19.9 mi away · 4,800 SF
22.3 mi away · 5,625 SF
24.8 mi away · 5,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$810k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 50 sales
$99
+36%
Submarket 54 sales
$99
+36%
County 99 sales
$85
+59%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $135/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+129%
vs current-use indication
Auto Repair, Garage
Office Building
Neighborhood: Shopping Center
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
5.40%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.40%
9.0%
NOI (est.)
$66k *
Last sale · Aug 2024
$936k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.21M
Move the market yield to see immediate price impact.
Value / SF
$202
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.90%5.40%5.90%
$59k
$1.20M
$1.09M
$999k
$66k
$1.34M
$1.21M
$1.11M
$72k
$1.47M
$1.33M
$1.22M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.60M
16.4 mi · Feb 2026 · $267/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,554
Tax year 2024
Assessed value
$281,760
Assessed 2024
Previous assessed
$281,760
+0.0% YoY
Effective rate
4.10%
On assessed value
Assessed land
$111,200
Assessed improvement
$170,560
Land market value
$278,000
Improvement market value
$426,400
Total market value
$704,400
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Bathrooms
2
Total area
6,000 SF
Lot
3.5 ac (152,460 SF)
Zoning code
M1
APN
096A01013000
UPID
US22-4703381
Jurisdiction
HENRY
Zoning & alternative use
M1 · Mcdonough, GAZoning M1 · permitted uses
M1 · Mcdonough, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
3.5 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1
Jurisdiction
Mcdonough, GA
Recorded code
M1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M1 in Mcdonough, GA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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- Alternative use
- Local Zoning Insight
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