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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Warehouses
230 Industrial Park Rd Baldwin, GA 30511-4010
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1063896
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
STEEL FRAME
Total area
24,375 SF
Lot
5.57 ac (242,629 SF)
Zoning code
NC
APN
090 018B
UPID
US22-1063896
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
$1.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.28M
Owner & transaction history
Eastern Investment LLC · 5 yrs held
Eastern Investment LLC
since 2020
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
NC · Baldwin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of NC Zoning District is to serve two primary functions. First it should provide convenience goods and services, that is, goods and services purchased on a regular and frequent basis by a household in or adjacent to developed and developing residential areas and at a scope compatible with such residential uses and areas. Second, it should be used…
Zone name
Neighborhood Commercial District
General category
COMMERCIAL
Zone area
28.46 ac
Source
Realmo
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 Baldwin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baldwin 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
$1,000,000
ML approach
$1,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,475,000
Current use
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.00M (Dec 29 2020)
Last sale anchor
$1.00M
Dec 29 2020
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
$53 / 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
$9,962
Tax year 2024
Assessed value
$383,820
Assessed 2024
Previous assessed
$438,496
-12.5% YoY
Effective rate
2.60%
On assessed value
Assessed land
$56,480
Assessed improvement
$327,340
Land market value
$141,200
Improvement market value
$818,350
Total market value
$959,550
Applied tax rate
4.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
24,375 SF
Lot
5.57 ac (242,629 SF)
Zoning code
NC
APN
090 018B
UPID
US22-1063896
Jurisdiction
HABERSHAM
Zoning & alternative use
NC · Baldwin, GAZoning NC · permitted uses
NC · Baldwin, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of NC Zoning District is to serve two primary functions. First it should provide convenience goods and services, that is, goods and services purchased on a regular and frequent basis by a household in or adjacent to developed and developing residential areas and at a scope compatible with such residential uses and areas. Second, it should be used to provide more rural areas with convenience goods and services
Zone name
Neighborhood Commercial District
General category
COMMERCIAL
Zone area
28.46 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
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
2007
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
3
Lot
5.57 ac
Current owner
From public records · entity-resolved
Eastern Investment LLC
Entity
Mailing address
4274 SHACKLEFORD RDA, NORCROSS, GA 30093-2952
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2024
—
Eastern Investment LLC
—
Deed
related
$16,000,000 · Woori America Bank
Sep 7, 2022
—
Eastern Investment LLC
—
Deed
related
$10,000,000 · Metro City Bank
Mar 22, 2022
—
Eastern Investment LLC
—
Deed
related
$10,000,000 · Hanmi Bank
Dec 29, 2020
$1,000,000
Eastern Investment LLC
G & F Properties LLC
Limited Warranty Deed
—
Sep 20, 2012
$260,000
Rayford D Nix
United Community Bank
Warranty Deed
—
Sep 20, 2012
$261,324
Douglas C Michael
Rayford D Nix
Warranty Deed
$250,000 · Stephens Robert H
Aug 2, 2011
$514,902
Community Bank United
Eddie D Russell
Deed
—
Jan 1, 2008
—
United Community Bank
Not Provided
Deed
—
Jul 1, 2006
$100,000
United Community Bank
Not Provided
Foreclosure
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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