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Property profile & analytics
OFF-MARKET
Estimated value
$26,990,000
Warehouses
2751 Buford Hwy Buford, GA 30518-3507
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-3029119
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2019
Total area
250,444 SF
Lot
32.04 ac (1,395,662 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R7297 051
UPID
US22-3029119
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
-
ICARGOEX INC.-Buford, GA Door Warehouse
-
Shipmor(Blue Commerce Inc./ICargoEx Inc.)-Buford Warehouse & Storage
-
Royal gourmet Corp Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.29M
Comparable Approach
Comparable
$30.00M
Blend (final)
Blend
$26.99M
Owner & transaction history
Lit Industrial Limited Partnership · 5 yrs held
Lit Industrial Limited Partnership
since 2021
Last sale
$24.6M
5 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Buford, 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 Buford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buford 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
$27,470,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$30,640,000
6.5%
$28,285,000
7%
$26,265,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$39,445,000
Current use
Blend value · Realmo final
$26.99M
Range $24.29M – $29.69M · ±10% · vs last sale $24.60M (Feb 17 2021)
Last sale anchor
$24.60M
Feb 17 2021
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
$108 / 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
$121,915
Tax year 2024
Assessed value
$9,995,080
Assessed 2024
Previous assessed
$9,677,600
+3.3% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,248,800
Assessed improvement
$7,746,280
Land market value
$5,622,000
Improvement market value
$19,365,700
Total market value
$24,987,700
Applied tax rate
2.0000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
2019
Heating
NONE
Cooling
NONE
Stories
1
Total area
250,444 SF
Lot
32.04 ac (1,395,662 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R7297 051
UPID
US22-3029119
Jurisdiction
GWINNETT
Zoning & alternative use
M1-LIGHT INDUSTRY · Buford, GA
Zoning M1-LIGHT INDUSTRY · permitted uses
M1-LIGHT INDUSTRY · Buford, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Buford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$39.4M
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
2019
Heating
NONE
Cooling
Yes
Stories
1
Lot
32.04 ac
Current owner
From public records · entity-resolved
Lit Industrial Limited Partnership
Entity
Free & Clear · 5 yrs held
Mailing address
DALLAS, TX 75202
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2021
$24,602,000
Lit Industrial Limited Partnership
Hpc Seefried Buford Creek II LLC
Limited Warranty Deed
—
May 30, 2019
—
Buford Downtown Dev Authority
City Of Buford
Quit Claim Deed
related
—
May 30, 2019
$6,001,000
Hpc-seefried Buford Crk II LLC
Buford Downtown Dev Authority
Grant Deed
related
—
Jul 23, 2013
$1,125,000
City Of Bufford
Austin Walter T Tgrust
Warranty Deed
—
Nov 2, 2005
—
Austin,walter T Trust
Austin,walter T
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.
Try Rey
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