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Property profile & analytics
OFF-MARKET
Estimated value
$5,225,000
Industrial properties
24 Racetrack Rd Mcdonough, GA 30253-6829
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-2689828
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2006
Construction
STEEL FRAME
Total area
2,754 SF
Lot
9.2 ac (400,752 SF)
Zoning code
M1
APN
M12-05001000
UPID
US22-2689828
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
-
CS Fleet Truck Parking Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.23M
Owner & transaction history
Hancock Reit Racetrack LLC · 2 yrs held
Hancock Reit Racetrack LLC
since 2024
Last sale
$5.2M
6 recorded transactions
Zoning & alternative use
M1 · Mcdonough, 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 Mcdonough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcdonough 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
$5,225,000
ML approach
$5,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.23M
Range $4.70M – $5.75M · ±10% · vs last sale $5.23M (Jun 28 2024)
Last sale anchor
$5.23M
Jun 28 2024
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
$1,897 / 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
$17,332
Tax year 2024
Assessed value
$382,400
Assessed 2024
Previous assessed
$382,400
+0.0% YoY
Effective rate
4.53%
On assessed value
Assessed land
$300,640
Assessed improvement
$81,760
Land market value
$751,600
Improvement market value
$204,400
Total market value
$956,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Units
1
Total area
2,754 SF
Lot
9.2 ac (400,752 SF)
Zoning code
M1
APN
M12-05001000
UPID
US22-2689828
Jurisdiction
HENRY
Zoning & alternative use
M1 · Mcdonough, GA
Zoning M1 · permitted uses
M1 · Mcdonough, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcdonough. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Units
1
Lot
9.2 ac
Current owner
From public records · entity-resolved
Hancock Reit Racetrack LLC
Entity
Free & Clear · 2 yrs held
Mailing address
24 S RACETRACK RD STE #400, MCDONOUGH, GA 30253-6829
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
$5,225,000
Hancock Reit Racetrack LLC
Fofisf Racetrack Owner LLC
Warranty Deed
—
Jun 28, 2024
—
Hancock Reit Racetrack LLC
Fofisf Racetrack Owner LLC
Quit Claim Deed
related
—
Feb 21, 2023
$2,188,900
Fof Isf Racetrack Owner LLC
Cs Fleet LLC
Limited Warranty Deed
$2,356,870 · Simmons Bank
Feb 24, 2020
—
Cs Fleet LLC
—
Deed
related
$452,939 · Centerstate Bk NA
Oct 27, 2016
$725,000
Cs Fleet LLC
Briggs Produc
Grant Deed
$543,750 · Private Bk/buckhead
—
—
Cs Fleet LLC
—
Loan Modification
related
$452,939 · Centerstate Bk NA
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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