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Property profile & analytics
OFF-MARKET
Estimated value
$55,000
Warehouses
218 Heard St Elberton, GA 30635-2437
Individually Owned
5-yr Hold
Free & Clear
Property ID
US22-2167455
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1966
Construction
WOOD
Total area
2,593 SF
Lot
0.33 ac (14,375 SF)
Zoning code
ELBERTON
APN
E19 135
UPID
US22-2167455
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
-
2Morrows Creations (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$90k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$55k
Owner & transaction history
Nathan D Morrow · 5 yrs held
Nathan D Morrow
since 2021
Last sale
$70,000
5 recorded transactions
Zoning & alternative use
ELBERTON · Elberton, GA
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 Elberton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elberton 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
$55,000
ML approach
$90,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$55k
Range $50k – $61k · ±10% · vs last sale $70k (Mar 11 2021)
Last sale anchor
$70k
Mar 11 2021
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
$21 / 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
$864
Tax year 2023
Assessed value
$35,134
Assessed 2023
Previous assessed
$29,445
+19.3% YoY
Effective rate
2.46%
On assessed value
Assessed land
$7,989
Assessed improvement
$27,145
Land market value
$19,973
Improvement market value
$67,862
Total market value
$87,835
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
YES
Buildings
2
Total area
2,593 SF
Lot
0.33 ac (14,375 SF)
Zoning code
ELBERTON
APN
E19 135
UPID
US22-2167455
Jurisdiction
ELBERT
Zoning & alternative use
ELBERTON · Elberton, GAZoning ELBERTON · permitted uses
ELBERTON · Elberton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 22
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
YES
Buildings
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Nathan D Morrow
Individual
Free & Clear · 5 yrs held
Mailing address
218 HEARD ST, ELBERTON, GA 30635-2437
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2021
$70,000
Nathan D Morrow
Mm&m Properties LLC
Warranty Deed
—
Feb 9, 2016
—
Mm & M Properties LLC
Bobby Moon
Warranty Deed
—
Nov 12, 2015
$15,000
Bobby Moon
Clyde E Houston
Warranty Deed
—
Nov 12, 2015
—
Clyde E Houston
Cbjb Properties LLC
Public Action
related
—
Sep 2, 2014
$4,251
Cbjb Properties LLC
Clyde E Houston
Public Action
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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