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Property profile & analytics
OFF-MARKET
Estimated value
$3,260,000
Office buildings
221 Industrial Park Dr Perry, GA 31069-2428
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1463804
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
STEEL FRAME
Total area
13,668 SF
Lot
16.53 ac (720,047 SF)
Zoning code
M2
APN
0P37A0 013000
UPID
US22-1463804
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
-
Parrish Construction Group Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.13M
CAP Approach
CAP
$2.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.26M
Owner & transaction history
Morris Bank · 2 yrs held
Morris Bank
since 2023
Last sale
$3.3M
5 recorded transactions
Zoning & alternative use
M2 · Perry, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+111.3%
Auto repair, garage
$2.1M
+34.1%
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 Perry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perry 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
$3,320,000
ML approach
$3,130,000
CAP Approach
CAP Return
Estimation
6%
$2,545,000
6.5%
$2,350,000
7%
$2,185,000
Alternative Use
Use
Estimation
RESTAURANT
$3,270,000
Change: +111% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,075,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$3.26M
Range $2.93M – $3.59M · ±10% · vs last sale $3.30M (Nov 15 2023)
Last sale anchor
$3.30M
Nov 15 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
$239 / 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
$14,495
Tax year 2023
Assessed value
$391,840
Assessed 2023
Previous assessed
$391,840
+0.0% YoY
Effective rate
3.70%
On assessed value
Assessed land
$66,120
Assessed improvement
$325,720
Land market value
$165,300
Improvement market value
$814,300
Total market value
$979,600
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Cooling
YES
Stories
1
Total area
13,668 SF
Lot
16.53 ac (720,047 SF)
Zoning code
M2
APN
0P37A0 013000
UPID
US22-1463804
Jurisdiction
HOUSTON
Zoning & alternative use
M2 · Perry, GA
Zoning M2 · permitted uses
M2 · Perry, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Perry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RESTAURANT
AUTO REPAIR, GARAGE
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
1997
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
16.53 ac
Current owner
From public records · entity-resolved
Morris Bank
Entity
Free & Clear · 2 yrs held
Mailing address
809 CARROLL ST, PERRY, GA 31069-3311
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2023
$3,300,000
Morris Bank
Pcg Realty LLC
Deed
—
Jun 28, 2017
—
Pcg Realty LLC
—
Trustees Deed
related
$800,000 · State Bk&tr
—
—
Pcg Realty LLC
—
Loan Modification
related
$637,631 · State Bk&tr
—
—
Pcg Realty LLC
—
Loan Modification
related
$1,000,000 · State Bk&tr
—
—
Pcg Realty LLC
—
Deed Of Trust
related
$1,000,000 · State Bk&tr
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.
Try Rey
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