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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Industrial properties
2602 Reagin Dr Elberton, GA 30635
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-3076121
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
STEEL FRAME
Total area
25,854 SF
Lot
16.08 ac (700,445 SF)
Zoning code
I
APN
015 005A
UPID
US22-3076121
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
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Jmr Holdings · 1 yrs held
Jmr Holdings
since 2025
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
I · Elberton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I zone is established to protect and promote a suitable environment for light industrial purposes, including accessibility to major transportation facilities, and availability of adequate utilities and other public services, Industrial uses that cause obnoxious noise, vibrations, smoke, gas, fumes, odor, glare, fire hazards or other objectionable environ…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
571.95 ac
Source
Realmo
Top alternative use upside
Retail stores
$1.4M
+32.8%
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 Elberton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elberton 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
$1,085,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,045,000
Current use
RETAIL STORES
$1,390,000
Change: +33% · Conversion: Moderate
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10% · vs last sale $1.01M (Sep 22 2022)
Last sale anchor
$1.01M
Sep 22 2022
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
$42 / 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
$1,707
Tax year 2023
Assessed value
$71,198
Assessed 2023
Previous assessed
$71,198
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$33,558
Assessed improvement
$37,640
Land market value
$83,895
Improvement market value
$94,100
Total market value
$177,995
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
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
NONE
Total area
25,854 SF
Lot
16.08 ac (700,445 SF)
Zoning code
I
APN
015 005A
UPID
US22-3076121
Jurisdiction
ELBERT
Zoning & alternative use
I · Elberton, GAZoning I · permitted uses
I · Elberton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I zone is established to protect and promote a suitable environment for light industrial purposes, including accessibility to major transportation facilities, and availability of adequate utilities and other public services, Industrial uses that cause obnoxious noise, vibrations, smoke, gas, fumes, odor, glare, fire hazards or other objectionable environment conditions are prohibited from this district
Zone name
Industrial
General category
INDUSTRIAL
Zone area
571.95 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
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
1970
Construction
STEEL FRAME
Heating
NONE
Lot
16.08 ac
Current owner
From public records · entity-resolved
Jmr Holdings
Entity
Free & Clear · 1 yrs held
Mailing address
11 DEPOT ST, HARTWELL, GA 30643-7207
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
—
Jmr Holdings
Hartstone Holdings Apex LLC
Quitclaim Deed
related
—
Sep 22, 2022
$1,011,000
Hartstone Holdings Nickville LLC
Pyramid Materials INC
Limited Warranty Deed
—
Sep 20, 2022
$10,240
Johnthan T Evans
Pyramid Materials INC
Warranty Deed
—
Dec 7, 2015
$100,000
Pyramid Materials INC
Pinnacle Bank
Limited Warranty Deed
—
Oct 6, 2015
$160,418
Pinnacle Bank
William Dennis Duncan
Foreclosure
related
—
May 27, 2005
$102,608
William Dennis Duncan
Pinnacle Bank
Deed
$230,000 · Pinnacle Bank
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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