Back to Search
Property profile & analytics
FOR LEASE
Warehouses
2221 Northmont Pkwy Duluth, GA 30096
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4153641
For Lease
$22,385,000
2221 Northmont Pkwy, Duluth, GA 30096
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2007
Total area
168,684 SF
Lot
14.2 ac (618,552 SF)
Zoning code
M2-HEAVY INDUSTRY
APN
R7118 012
UPID
US22-4153641
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
-
Agility Recovery Business To Business Service
-
Iqvia Corporate Office
-
Axxiom Manufacturing Industrial Manufacturer Production Facility
-
Maytronics North America Corporate Office
-
Allredi, LLC Mill Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.05M
Comparable Approach
Comparable
$25.26M
Blend (final)
Blend
$22.39M
Owner & transaction history
Syracuse 2221 Northmont Parkway Own · 2 yrs held
Syracuse 2221 Northmont Parkway Own
since 2023
Last sale
$27.3M
7 recorded transactions
Zoning & alternative use
M2-HEAVY INDUSTRY · Duluth, 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 Duluth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duluth 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
by Request
CAP Approach
CAP Return
Estimation
6%
$20,640,000
6.5%
$19,050,000
7%
$17,690,000
Blend value · Realmo final
$22.39M
Range $20.15M – $24.62M · ±10% · vs last sale $27.30M (Aug 9 2023)
Last sale anchor
$27.30M
Aug 9 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
$133 / 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
$176,355
Tax year 2024
Assessed value
$4,744,400
Assessed 2024
Previous assessed
$5,119,600
-7.3% YoY
Effective rate
3.72%
On assessed value
Assessed land
$1,223,680
Assessed improvement
$3,520,720
Land market value
$3,059,200
Improvement market value
$8,801,800
Total market value
$11,861,000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
For Lease
Year built
2007
Heating
NONE
Cooling
NONE
Stories
1
Total area
168,684 SF
Lot
14.2 ac (618,552 SF)
Zoning code
M2-HEAVY INDUSTRY
APN
R7118 012
UPID
US22-4153641
Jurisdiction
GWINNETT
Zoning & alternative use
M2-HEAVY INDUSTRY · Duluth, GA
Zoning M2-HEAVY INDUSTRY · permitted uses
M2-HEAVY INDUSTRY · Duluth, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Duluth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Cooling
Yes
Stories
1
Lot
14.2 ac
Current owner
From public records · entity-resolved
Syracuse 2221 Northmont Parkway Own
Individual
Mailing address
100 WILSHIRE BLVD #14, SANTA MONICA, CA 90401-1110
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2023
$27,300,000
Syracuse 2221 Northmont Parkway Own
Cicf 2 Ga1b01 & Ga1m01 LLC
Warranty Deed
—
Jan 21, 2021
—
Cicf II Gaib01 & Ga1m01 LLC
—
Deed
related
$172,000,000 · Pgim Vip Mortgage Account
Aug 5, 2019
$18,550,000
Cicf II-ga1b01 & Ga1m01 LLC
Crp-3 Northmont 700 LLC
Grant Deed
—
Apr 12, 2011
—
Crp-3 Northmont 700 LLC
Northmont 700 LLC
Quit Claim Deed
related
—
Apr 12, 2011
$14,500,000
Crp-3 Northmont 700 LLC
Northmont 700 LLC
Grant Deed
related
—
Dec 18, 2007
—
Northmont 700 LLC
Fs Northmont 700 LLC
Quit Claim Deed
related
—
Jun 7, 2007
$13,774,400
Frapag Northmont Atl LLC
Frapag New England Realty INC
Warranty Deed
—
May 29, 2007
$13,774,302
Frapag Northmont Atl LLC
Frapag,new England Realty
Grant Deed
related
—
Apr 16, 2007
$6,198,434
Frapag New England Realty INC
Seefried Northmont 900 LLC
Grant Deed
—
Apr 16, 2007
$7,575,868
Frapag New England Realty INC
Seefried Northmont 900 LLC
Grant Deed
—
Mar 21, 2007
—
Fs Ndc-2 Atl LLC
Frapag America INC
Quit Claim Deed
related
—
Mar 19, 2007
—
Fs Ndc-2 Atl LLC
Prapag America INC
Grant Deed
related
—
Mar 16, 2007
—
Fs Northmont 1000 LLC
Fs Ndc-2 Atl LLC
Quit Claim Deed
related
—
Mar 4, 2005
—
Fs Ndc-2 Atl LLC
Northmont
Grant Deed
related
—
Dec 23, 2004
$3,684,500
Fs Ncd-2 Atl LLC
Northmont
Grant Deed
—
—
—
Fs Ndc-2 Atl LLC
—
Deed Of Trust
related
$21,960,000 · Frapag America INC
—
—
Frapag Northmont Atl LLC
—
Deed Of Trust
related
$15,000,000 · Unum Life Ins Co America
—
—
Fs Northmont 1000 LLC
—
Deed Of Trust
related
$15,000,000 · Unum Life Ins Co America
—
—
Fs Northmont 1000 LLC
—
Deed Of Trust
related
$15,000,000 · Unum Life Ins Co America
—
—
Crp-3 Northmont 700 LLC
—
Deed Of Trust
related
$20,075,000 · Jackson National Life Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
