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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Outlet malls
221 Madison St Dublin, GA 31021-5227
Entity Owned
~
Est. High Equity
Property ID
US22-3681610
Property summary
AI-generated overview
This exceptional 18,506-square-foot warehouse, situated on a 0.46-acre lot at 221 W Madison St in Dublin, Georgia (zip code 31021), presents a compelling investment opportunity. Built in 1960, this two-story industrial property is zoned B1 and offers significant potential for a variety of uses. The asking price is $450,000, translating to a price per square foot of $24.32. The warehouse features one loading dock, providing convenient access for loading and unloading goods. Its expansive interior offers ample space for storage, manufacturing, or other industrial operations. The property's location in Dublin, Georgia, offers proximity to downtown amenities, and benefits from ongoing city improvements in the area. This is a rare opportunity to acquire a substantial warehouse in a developing area with strong potential for future growth. The property's size and location make it ideal for businesses seeking a large, functional space in a convenient location. Serious inquiries are encouraged.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1960
Total area
18,506 SF
Lot
0.46 ac (20,038 SF)
Zoning code
RESIDENTIAL
APN
D16B-007
UPID
US22-3681610
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
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$718k
Blend (final)
Blend
$515k
Owner & transaction history
Dublin Downtown Development Authori
Dublin Downtown Development Authori
since 2025
Last sale
$499,900
4 recorded transactions
Zoning & alternative use
RESIDENTIAL · Dublin, 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 Dublin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dublin 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
by Request
ML approach
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $500k (Jul 9 2025)
Last sale anchor
$500k
Jul 9 2025
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
$28 / 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
$1,687
Tax year 2023
Assessed value
$52,752
Assessed 2023
Previous assessed
$52,752
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$12,720
Assessed improvement
$40,032
Land market value
$31,800
Improvement market value
$100,081
Total market value
$131,881
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1960
Total area
18,506 SF
Lot
0.46 ac (20,038 SF)
Zoning code
RESIDENTIAL
APN
D16B-007
UPID
US22-3681610
Jurisdiction
LAURENS
Zoning & alternative use
RESIDENTIAL · Dublin, GA
Zoning RESIDENTIAL · permitted uses
RESIDENTIAL · Dublin, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dublin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Lot
0.46 ac
Current owner
From public records · entity-resolved
Dublin Downtown Development Authori
Entity
Mailing address
1035 GA HWY 338, DUDLEY, GA 31022-2310
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2025
—
Dublin Downtown Development Authori
Manning-nash LLC
Quitclaim Deed
related
$374,925 · Bank Of Dudley
Oct 9, 2025
$499,900
Dublin Downtown Development Authori
Manning Nash LLC
Warranty Deed
—
Nov 6, 2018
$197,683
Manning Nash LLC
Caplans Exchange LLC
Warranty Deed
—
Jul 14, 2017
$231,000
Caplans Exchange LLC
Marguerite A Est Roberts
Warranty Deed
$194,645 · The Bank Of Soperton
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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