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Property profile & analytics
OFF-MARKET Estimated value $830,000
Warehouses

2000 Meredith Park Dr Mcdonough, GA 30253-7536

6,000 SF 3.5 ac lot Built 2003
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US22-4703381
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Larry Collier Crane Parts & Services Construction Company General Contractor
  • Penske Truck Rental Car Rental Facility
  • Pioneer Concrete Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$810k
CAP Approach CAP
$680k
Comparable Approach Comparable
$810k
Blend (final) Blend
$830k
Owner & transaction history
Mi Meredith Park LLC · 1 yrs held
Mi Meredith Park LLC
since 2024
Last sale
$936,000
7 recorded transactions
2024
$936,000
2020
$725,000
2018
$602,700
2018
Price N/A
2016
Price N/A
2004
Price N/A
1969
Price N/A
Zoning & alternative use
M1 · Mcdonough, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.4M +129.4%
Auto repair, garage $1.2M +107.3%
Office building $960,000 +61.2%
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