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Property profile & analytics
OFF-MARKET
Estimated value
$5,240,000
Warehouses
2329 Panola Rd, Decatur, GA 30035
Entity Owned
9-yr Hold
Free & Clear
Property ID
US22-0763298
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2008
Total area
45,000 SF
Lot
3.76 ac (163,786 SF)
Zoning code
M
APN
16 039 03 001
UPID
US22-0763298
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
by Request
CAP Approach
CAP
$7.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.24M
Owner & transaction history
Extra Space Properties Two LLC · 9 yrs held
Extra Space Properties Two LLC
since 2017
7 recorded transactions
Zoning & alternative use
M · Decatur, 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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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%
$7,790,000
6.5%
$7,195,000
7%
$6,680,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,750,000
Current use
Blend value · Realmo final
$5.24M
Range $4.72M – $5.76M · ±10%
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
$116 / 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
$126,005
Tax year 2024
Assessed value
$3,251,840
Assessed 2024
Previous assessed
$3,251,840
+0.0% YoY
Effective rate
3.87%
On assessed value
Assessed land
$422,739
Assessed improvement
$2,829,101
Land market value
$1,056,848
Improvement market value
$7,072,752
Total market value
$8,129,600
Applied tax rate
80.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Heating
NONE
Cooling
YES
Buildings
11
Stories
1
Bathrooms
0
Total area
45,000 SF
Lot
3.76 ac (163,786 SF)
Zoning code
M
APN
16 039 03 001
UPID
US22-0763298
Jurisdiction
DE KALB
Zoning & alternative use
M · Decatur, GA
Zoning M · permitted uses
M · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.8M
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
2008
Heating
NONE
Cooling
Yes
Stories
1
Buildings
11
Bathrooms
0
Lot
3.76 ac
Current owner
From public records · entity-resolved
Extra Space Properties Two LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2017
—
Extra Space Properties Two LLC
Extra Space Properties Forty
Quit Claim Deed
related
—
Jun 12, 2013
—
Space Properties Forty F Extra
—
Loan Modification
related
$85,000,000 · Wells Fargo Bank
Aug 9, 2011
—
Space Properties Forty F Extra
—
Deed Of Trust
related
$75,000,000 · Wells Fargo Bank
Dec 22, 2010
$4,252,600
Extra Space Props Forty Five L
Extra Space Props Two LLC
Grant Deed
related
$45,000,000 · Wells Fargo Bk
Nov 12, 2009
$5,700,000
Extra Space Properties Two LLC
Panola Road Self Storage L
Grant Deed
—
Oct 3, 2007
$705,935
Panola Road Self Storage LLC
Snapfinger,investors LP
Grant Deed
—
Oct 3, 2007
—
Panola Road Self Storage LLC
Snapfinger,investors LP
Grant Deed
related
—
—
—
Extra Space Properties Forty F
—
Loan Modification
related
$180,000,000 · Wells Fargo Bk
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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