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Property profile & analytics
OFF-MARKET
Estimated value
$7,685,000
Manufacturing properties
2496 Delray Rd Thomaston, GA 30286-1415
Entity Owned
2-yr Hold
Property ID
US22-1535537
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2019
Construction
STEEL FRAME
Total area
104,086 SF
Lot
42.62 ac (1,856,527 SF)
Zoning code
M2
APN
067-015
UPID
US22-1535537
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
-
Ranew's Companies Powder Coating Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.69M
Owner & transaction history
Ranews Thomaston LLC · 2 yrs held
Ranews Thomaston LLC
since 2023
Last sale
$8.3M
7 recorded transactions
Zoning & alternative use
M2 · Thomaston, 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 Thomaston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thomaston 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
$7,355,000
ML approach
$6,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$12,785,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,920,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$11,080,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,990,000
Change: 0% · Conversion: Easy
RETAIL STORES
$9,120,000
Change: 0% · Conversion: Moderate
MEDICAL BUILDING
$7,085,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,960,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$7.69M
Range $6.92M – $8.45M · ±10% · vs last sale $8.25M (Nov 3 2023)
Last sale anchor
$8.25M
Nov 3 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
$74 / 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
$36,654
Tax year 2023
Assessed value
$1,321,818
Assessed 2023
Previous assessed
$1,321,818
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$118,978
Assessed improvement
$1,202,840
Land market value
$297,445
Improvement market value
$3,007,101
Total market value
$3,304,546
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
8
Bathrooms
4
Total area
104,086 SF
Lot
42.62 ac (1,856,527 SF)
Zoning code
M2
APN
067-015
UPID
US22-1535537
Jurisdiction
UPSON
Zoning & alternative use
M2 · Thomaston, GAZoning M2 · permitted uses
M2 · Thomaston, 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
RESTAURANT
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$11.9M
OFFICE BUILDING
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$11.0M
RETAIL STORES
Est. value
$9.1M
MEDICAL BUILDING
Est. value
$7.1M
WAREHOUSE, STORAGE
Est. value
$6.0M
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
8
Bathrooms
4
Lot
42.62 ac
Current owner
From public records · entity-resolved
Ranews Thomaston LLC
Entity
Mailing address
2496 S DELRAY RD, THOMASTON, GA 30286-1415
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2023
$8,250,000
Ranews Thomaston LLC
Cot Se Industrial Owner LLC
Warranty Deed
$6,000,000 · Mercantile Bank
Sep 28, 2022
$6,148,013
Cot Se Industrial Owner LLC
Lor Properties LLC
Limited Warranty Deed
—
May 21, 2020
—
Lor Properties LLC
—
Deed
related
$10,033,685 · United Bk
Sep 3, 2019
—
Lor Properties LLC
Slr Properties LLC
Warranty Deed
—
May 9, 2019
$179,100
Slr Properties LLC
Rolling B Ranch LLC
Grant Deed
—
Mar 24, 2010
—
Stanley E Thomas
—
Trustees Deed
related
$262,677 · John D Phillips
Feb 19, 2010
—
Stanley E Thomas
—
Trustees Deed
related
$257,414 · John D Phillips
—
—
Lor Properties LLC
—
Deed Of Trust
related
$10,033,685 · United 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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