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Property profile & analytics
OFF-MARKET
Estimated value
$2,245,000
Warehouses
2511 Sullivan Rd College Park, GA 30337-6203
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1629125
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Total area
21,355 SF
Lot
3 ac (130,680 SF)
Zoning code
M2
APN
13 0036 LL0879
UPID
US22-1629125
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
$2.12M
CAP Approach
CAP
$2.31M
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.25M
Owner & transaction history
Sullivan 2511 LLC · 2 yrs held
Sullivan 2511 LLC
since 2023
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
M2 · College Park, 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 College Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Park 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
$2,215,000
ML approach
$2,115,000
CAP Approach
CAP Return
Estimation
6%
$2,495,000
6.5%
$2,305,000
7%
$2,140,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,090,000
Current use
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±10% · vs last sale $2.30M (Sep 19 2023)
Last sale anchor
$2.30M
Sep 19 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
$105 / 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
$12,486
Tax year 2023
Assessed value
$442,360
Assessed 2024
Previous assessed
$442,360
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$168,840
Assessed improvement
$273,520
Land market value
$422,100
Improvement market value
$683,800
Total market value
$1,105,900
Applied tax rate
15.0000
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
1976
Heating
YES
Cooling
YES
Stories
1
Total area
21,355 SF
Lot
3 ac (130,680 SF)
Zoning code
M2
APN
13 0036 LL0879
UPID
US22-1629125
Jurisdiction
FULTON
Zoning & alternative use
M2 · College Park, GA
Zoning M2 · permitted uses
M2 · College Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
College Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.1M
WAREHOUSE, STORAGE Current
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
1976
Heating
YES
Cooling
Yes
Stories
1
Lot
3 ac
Current owner
From public records · entity-resolved
Sullivan 2511 LLC
Entity
Mailing address
2870 PEACHTREE RD NW #122, ATLANTA, GA 30305-2918
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
—
Sullivan 2511 LLC
Knightswood INC
Warranty Deed
$1,200,000 · First Peoples Bank
Sep 19, 2023
$2,300,000
Knightswood INC
Transform Shs Properties LLC
Warranty Deed
—
Mar 12, 2019
$894,100
Transform Shs Properties LLC
Sears Roebuck & Co
Quit Claim Deed
related
—
—
—
Transform Shs Properties LLC
—
Deed Of Trust
related
$500,000,000 · Jpp LLC
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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