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Property profile & analytics
OFF-MARKET
Estimated value
$49,940,000
Warehouses
2110 Lawrence Ave East Point, GA 30344-1740
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0202698
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1954
Total area
563,256 SF
Lot
22.69 ac (988,376 SF)
Zoning code
I1
APN
14 015400020359
UPID
US22-0202698
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
by Request
CAP Approach
CAP
$60.76M
Comparable Approach
Comparable
$35.77M
Blend (final)
Blend
$49.94M
Owner & transaction history
Tcd 245 Sunbelt Property LLC · 4 yrs held
Tcd 245 Sunbelt Property LLC
since 2022
Last sale
$51.5M
6 recorded transactions
Zoning & alternative use
I1 · East Point, 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 East Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Point 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
$50,165,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$65,825,000
6.5%
$60,760,000
7%
$56,420,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$81,465,000
Current use
Blend value · Realmo final
$49.94M
Range $44.95M – $54.93M · ±10% · vs last sale $51.50M (Jun 1 2022)
Last sale anchor
$51.50M
Jun 1 2022
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
$89 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$302,535
Tax year 2023
Assessed value
$19,066,640
Assessed 2024
Previous assessed
$10,718,320
+77.9% YoY
Effective rate
1.59%
On assessed value
Assessed land
$2,075,600
Assessed improvement
$16,991,040
Land market value
$5,189,000
Improvement market value
$42,477,600
Total market value
$47,666,600
Applied tax rate
20.0000
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
1954
Heating
YES
Cooling
YES
Stories
1
Total area
563,256 SF
Lot
22.69 ac (988,376 SF)
Zoning code
I1
APN
14 015400020359
UPID
US22-0202698
Jurisdiction
FULTON
Zoning & alternative use
I1 · East Point, GA
Zoning I1 · permitted uses
I1 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$81.5M
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
1954
Heating
YES
Cooling
Yes
Stories
1
Lot
22.69 ac
Current owner
From public records · entity-resolved
Tcd 245 Sunbelt Property LLC
Entity
Mailing address
2 INTERNATIONAL PL STE #2710, BOSTON, MA 02110-4102
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
$51,500,000
Tcd 245 Sunbelt Property LLC
Arrowrock III Creekside LLC
Limited Warranty Deed
$109,812,000 · Capital One
May 7, 2020
$33,500,000
Arrowrock III Creekside LLC
Spg Creekside LLC
Limited Warranty Deed
$21,394,200 · Midwest Bankcentre
May 7, 2020
—
Arrowrock III Creekside LLC
Spg Creekside LLC
Quit Claim Deed
related
$21,394,212 · Midwest Bankcentre
Feb 24, 2016
$1,800,000
Spg Creekside LLC
Operation Homefront INC
Grant Deed
$13,780,000 · Atlantic Cap Bk
Feb 20, 2015
—
Operation Homefront INC
Mcn Ents INC
Grant Deed
related
—
—
—
Spg Creekside LLC
—
Loan Modification
related
$15,180,000 · Atlantic Cap Bk
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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