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Property profile & analytics
OFF-MARKET
Estimated value
$33,495,000
Distribution centers
2420 Old Covington SW Hwy Conyers, GA 30012-4959
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1141821
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2021
Total area
290,616 SF
Lot
23.84 ac (1,038,470 SF)
Zoning code
M-1
APN
010-0-01-0012
UPID
US22-1141821
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
$32.82M
Comparable Approach
Comparable
$24.05M
Blend (final)
Blend
$33.50M
Owner & transaction history
Sre Rockdale 20 Owner LLC · 3 yrs held
Sre Rockdale 20 Owner LLC
since 2023
Last sale
$33.2M
3 recorded transactions
Zoning & alternative use
M-1 · Conyers, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$53.5M
+85.3%
Retail stores
$46.4M
+60.7%
Office building
$41.9M
+45.0%
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 Conyers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conyers 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
$34,770,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,555,000
6.5%
$32,820,000
7%
$30,475,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$28,880,000
Current use
MEDICAL BUILDING
$53,500,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$46,420,000
Change: +61% · Conversion: Moderate
OFFICE BUILDING
$41,885,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$36,130,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$33.50M
Range $30.15M – $36.84M · ±10% · vs last sale $33.20M (May 15 2023)
Last sale anchor
$33.20M
May 15 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
$115 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$599,195
Tax year 2023
Assessed value
$15,094,000
Assessed 2023
Previous assessed
$15,094,000
+0.0% YoY
Effective rate
3.97%
On assessed value
Assessed land
$664,600
Assessed improvement
$14,429,400
Land market value
$1,661,500
Improvement market value
$36,073,500
Total market value
$37,735,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2021
Heating
FLOOR FURNACE
Cooling
YES
Buildings
3
Stories
1
Rooms
5
Bathrooms
1
Total area
290,616 SF
Lot
23.84 ac (1,038,470 SF)
Zoning code
M-1
APN
010-0-01-0012
UPID
US22-1141821
Jurisdiction
ROCKDALE
Zoning & alternative use
M-1 · Conyers, GA
Zoning M-1 · permitted uses
M-1 · Conyers, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conyers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$28.9M
MEDICAL BUILDING
Est. value
$53.5M
RETAIL STORES
Est. value
$46.4M
OFFICE BUILDING
Est. value
$41.9M
AUTO REPAIR, GARAGE
Est. value
$36.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2021
Heating
FLOOR FURNACE
Cooling
Yes
Stories
1
Buildings
3
Rooms
5
Bathrooms
1
Lot
23.84 ac
Current owner
From public records · entity-resolved
Sre Rockdale 20 Owner LLC
Entity
Mailing address
712 5TH AVE11AB, NEW YORK, NY 10019-4108
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
$33,200,000
Sre Rockdale 20 Owner LLC
Rockdale 20 Industrial LLC
Warranty Deed
$41,242,500 · Forethought Life Insurance
Sep 16, 2020
$882,080
Rockdale 20 Industrial LLC
Nell A Plunkett
Grant Deed
—
Sep 16, 2020
—
Rockdale 20 Industrial LLC
Nell A Plunkett
Quit Claim Deed
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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