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Property profile & analytics
OFF-MARKET
Estimated value
$6,255,000
Manufacturing properties
2480 Rock House Rd Lithia Springs, GA 30122-3671
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1347895
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2009
Construction
CONCRETE
Total area
76,802 SF
Lot
17.97 ac (782,773 SF)
Zoning code
LI-R
APN
0993-18-2- -00004
UPID
US22-1347895
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
$4.96M
Blend (final)
Blend
$6.26M
Owner & transaction history
Ipi Legacy Rock House LLC · 4 yrs held
Ipi Legacy Rock House LLC
since 2021
3 recorded transactions
Zoning & alternative use
LI-R · Lithia Springs, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.5M
+37.8%
Neighborhood: shopping center
$8.9M
+29.6%
Warehouse, storage
$6.9M
+0.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,800,000
6.5%
$7,200,000
7%
$6,685,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,860,000
Current use
AUTO REPAIR, GARAGE
$9,455,000
Change: +38% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,885,000
Change: +30% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,920,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$6.26M
Range $5.63M – $6.88M · ±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
$81 / 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
$122,469
Tax year 2024
Assessed value
$3,892,480
Assessed 2024
Previous assessed
$3,892,480
+0.0% YoY
Effective rate
3.15%
On assessed value
Assessed land
$355,800
Assessed improvement
$3,536,680
Land market value
$889,500
Improvement market value
$8,841,700
Total market value
$9,731,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
NONE
Buildings
5
Stories
1
Total area
76,802 SF
Lot
17.97 ac (782,773 SF)
Zoning code
LI-R
APN
0993-18-2- -00004
UPID
US22-1347895
Jurisdiction
DOUGLAS
Zoning & alternative use
LI-R · Lithia Springs, GAZoning LI-R · permitted uses
LI-R · 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
INDUSTRIAL (GENERAL) Current
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$9.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.9M
WAREHOUSE, STORAGE
Est. value
$6.9M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2009
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
5
Lot
17.97 ac
Current owner
From public records · entity-resolved
Ipi Legacy Rock House LLC
Entity
Free & Clear · 4 yrs held
Mailing address
300 N LA SALLE DR STE #1876, CHICAGO, IL 60654-3417
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Oct 19, 2021
—
Ipi Legacy Rock House LLC
Development Authority Of Douglas Co
Limited Warranty Deed
—
Nov 21, 2008
—
Development Auth Of Douglas Cn
Wachovia Dev Corp
Grant Deed
related
—
Sep 25, 2008
$4,550,000
Wachovia Dev Corp
Industrial Devs Intl
Grant 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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