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Property profile & analytics
OFF-MARKET
Estimated value
$14,000,000
Warehouses
240 Thornton Rd Lithia Springs, GA 30122-4133
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-0808112
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
CONCRETE
Total area
98,013 SF
Lot
5.37 ac (233,917 SF)
Zoning code
PUD
APN
0372-18-2- -00003
UPID
US22-0808112
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
-
Jim's Formal Wear Clothing & Fashion Store
-
American Ink (Bike/Boat/Book/etc) Store Printing Service
-
Bronch-Eze Pharmacy
-
Vinyl Window Solutions LLC | Window replacement | Window Installation | Hardware & Home Improvement Interior Design
-
Johnstone Supply Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.00M
CAP Approach
CAP
$11.07M
Comparable Approach
Comparable
$8.48M
Blend (final)
Blend
$14.00M
Owner & transaction history
Atl 240 Thornton LLC · 1 yrs held
Atl 240 Thornton LLC
since 2024
Last sale
$14.0M
4 recorded transactions
Zoning & alternative use
PUD · Lithia Springs, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.3M
+130.2%
Office building
$18.9M
+114.0%
Retail stores
$13.8M
+56.1%
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 Lithia Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithia Springs 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
$14,000,000
ML approach
$14,000,000
CAP Approach
CAP Return
Estimation
6%
$11,990,000
6.5%
$11,070,000
7%
$10,280,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,830,000
Current use
MEDICAL BUILDING
$20,325,000
Change: +130% · Conversion: Difficult
OFFICE BUILDING
$18,900,000
Change: +114% · Conversion: Difficult
RETAIL STORES
$13,785,000
Change: +56% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,065,000
Change: +37% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$11,340,000
Change: +28% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,755,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$14.00M
Range $12.60M – $15.40M · ±10% · vs last sale $14.00M (Sep 18 2024)
Last sale anchor
$14.00M
Sep 18 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
$143 / 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
$75,368
Tax year 2024
Assessed value
$2,395,440
Assessed 2024
Previous assessed
$1,810,600
+32.3% YoY
Effective rate
3.15%
On assessed value
Assessed land
$295,360
Assessed improvement
$2,100,080
Land market value
$738,400
Improvement market value
$5,250,200
Total market value
$5,988,600
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
98,013 SF
Lot
5.37 ac (233,917 SF)
Zoning code
PUD
APN
0372-18-2- -00003
UPID
US22-0808112
Jurisdiction
DOUGLAS
Zoning & alternative use
PUD · Lithia Springs, GAZoning PUD · permitted uses
PUD · Lithia Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$20.3M
OFFICE BUILDING
Est. value
$18.9M
RETAIL STORES
Est. value
$13.8M
AUTO REPAIR, GARAGE
Est. value
$12.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.3M
INDUSTRIAL (GENERAL)
Est. value
$8.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
5.37 ac
Current owner
From public records · entity-resolved
Atl 240 Thornton LLC
Entity
Mailing address
240 THORNTON RD STE #3300, LITHIA SPRINGS, GA 30122-4133
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
$14,000,000
Atl 240 Thornton LLC
Dogwood Propco Ga II L P
Warranty Deed
$150,660,992 · Scredit Mortgage Funding Sub 2
Sep 18, 2024
—
Atl 240 Thornton LLC
Dogwood Propco Ga II L P
Quit Claim Deed
related
—
Sep 22, 2020
—
Dogwood Propco Ga II LP
Dogwood Holdings LP
Quit Claim Deed
related
$200,000,000 · Goldman Sachs Bk USA
Mar 23, 2020
$22,500,000
Dogwood Holding LP
D LLP
Grant Deed
—
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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