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Property profile & analytics
OFF-MARKET
Estimated value
$10,680,000
Industrial properties
2039 Monier Ave 200 Lithia Springs, GA 30122-3068
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1527443
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Construction
CONCRETE
Total area
108,672 SF
Lot
7.81 ac (340,204 SF)
Zoning code
LI-R
APN
0670-18-2- -00001
UPID
US22-1527443
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
-
Pacific Paper Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.11M
CAP Approach
CAP
$10.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.68M
Owner & transaction history
Fund Vii Monier Avenue Investors Ll · 2 yrs held
Fund Vii Monier Avenue Investors Ll
since 2023
Last sale
$13.1M
7 recorded transactions
Zoning & alternative use
LI-R · Lithia Springs, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$15.3M
+57.5%
Auto repair, garage
$13.4M
+37.8%
Neighborhood: shopping center
$12.6M
+29.6%
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 Lithia Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithia Springs 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
$9,090,000
ML approach
$8,110,000
CAP Approach
CAP Return
Estimation
6%
$11,035,000
6.5%
$10,185,000
7%
$9,455,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,705,000
Current use
RETAIL STORES
$15,285,000
Change: +57% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,375,000
Change: +38% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,575,000
Change: +30% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,790,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$10.68M
Range $9.61M – $11.75M · ±10% · vs last sale $13.07M (Oct 5 2023)
Last sale anchor
$13.07M
Oct 5 2023
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
$98 / 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
$135,924
Tax year 2024
Assessed value
$4,320,120
Assessed 2024
Previous assessed
$2,655,960
+62.7% YoY
Effective rate
3.15%
On assessed value
Assessed land
$398,320
Assessed improvement
$3,921,800
Land market value
$995,800
Improvement market value
$9,804,500
Total market value
$10,800,300
Applied tax rate
1.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
108,672 SF
Lot
7.81 ac (340,204 SF)
Zoning code
LI-R
APN
0670-18-2- -00001
UPID
US22-1527443
Jurisdiction
DOUGLAS
Zoning & alternative use
LI-R · Lithia Springs, GA
Zoning LI-R · permitted uses
LI-R · Lithia Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lithia Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.7M
RETAIL STORES
Est. value
$15.3M
AUTO REPAIR, GARAGE
Est. value
$13.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.6M
WAREHOUSE, STORAGE
Est. value
$9.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1999
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Lot
7.81 ac
Current owner
From public records · entity-resolved
Fund Vii Monier Avenue Investors Ll
Entity
Mailing address
600 UNICORN PARK DR STE #208, WOBURN, MA 01801-3343
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2023
$13,073,690
Fund Vii Monier Avenue Investors Ll
Platinum Owner Ga LLC
Limited Warranty Deed
$56,000,000 · Lincoln National Life Insurance
Oct 3, 2023
$695,000,000
Commercial Mortgage Pass Through Ce
Kkr Industrial Portfolio Trust 2021
Quit Claim Deed
related
—
Dec 29, 2020
$10,000,000
Platinum Owner Ga LLC
2039 Monier Ave Invtrs LLC
Grant Deed
$695,000 · Barclays Cap R/e
May 18, 2016
$5,327,400
2039 Monier Avenue Investors L Lc
Marley Associates LLC
Grant Deed
$2,777,400 · Charterbank
Apr 21, 2009
$60,500
Nf Investment Properties INC
Rainen Michael J Trust
Grant Deed
—
Apr 21, 2009
$172,900
Nf Investment Properties INC
Four Bs
Grant Deed
—
Apr 21, 2009
$148,700
Nf Investment Properties INC
Burlington Associates LLC
Grant Deed
—
Apr 21, 2009
—
Nf Investment Properties INC
Freirich D H Living Trust
Quit Claim Deed
related
—
Apr 21, 2009
$205,700
Nf Investment Props INC
Block Income Fund II
Grant Deed
—
Apr 21, 2009
$17,400
Nf Investment Properties INC
Freirich D H Living Trust
Grant Deed
related
—
Dec 20, 2006
—
Industrial Financing Ptshp First
First Industrial
Quit Claim Deed
related
—
Dec 20, 2006
$5,581,000
Marley Associates LLC
First Industrial Financing Ptshp
Grant Deed
related
$432,000 · Mission Bank
Dec 14, 2006
—
Industrial Financing Par First
First,industrial LP
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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