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Property profile & analytics
OFF-MARKET
Estimated value
$18,940,000
Warehouses
2800 Miller Rd, Decatur, GA 30035-4036
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0862857
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Total area
155,447 SF
Lot
14.33 ac (624,215 SF)
Zoning code
X
APN
16 024 02 001
UPID
US22-0862857
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
$17.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.94M
Owner & transaction history
Usclp Ga Miller LLC · 4 yrs held
Usclp Ga Miller LLC
since 2022
Last sale
$19.2M
5 recorded transactions
Zoning & alternative use
X · Decatur, 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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$19,805,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,020,000
6.5%
$17,555,000
7%
$16,300,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$23,310,000
Current use
Blend value · Realmo final
$18.94M
Range $17.05M – $20.83M · ±10% · vs last sale $19.21M (Feb 25 2022)
Last sale anchor
$19.21M
Feb 25 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
$122 / 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
$348,391
Tax year 2024
Assessed value
$7,341,160
Assessed 2024
Previous assessed
$7,341,160
+0.0% YoY
Effective rate
4.75%
On assessed value
Assessed land
$378,680
Assessed improvement
$6,962,480
Land market value
$946,700
Improvement market value
$17,406,200
Total market value
$18,352,900
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
2021
Heating
NONE
Stories
2
Bathrooms
0
Total area
155,447 SF
Lot
14.33 ac (624,215 SF)
Zoning code
X
APN
16 024 02 001
UPID
US22-0862857
Jurisdiction
DE KALB
Zoning & alternative use
X · Decatur, GA
Zoning X · permitted uses
X · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$23.3M
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
2021
Heating
NONE
Stories
2
Bathrooms
0
Lot
14.33 ac
Current owner
From public records · entity-resolved
Usclp Ga Miller LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5500 EQUITY AVE, RENO, NV 89502-2343
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jul 28, 2022
—
Usclp Ga Miller LLC
—
Deed
related
$355,000,000 · New York Life Insurance
Feb 25, 2022
$19,205,900
Usclp Ga Miller LLC
Dpif2 Ga 3 Miller Road LLC
Warranty Deed
—
Jan 22, 2021
—
Dpif2 Ga 3 Miller Road LLC
—
Deed
related
$7,271,430 · Texas Capital Bank
Aug 24, 2020
$1,025,100
Dpif2 Ga Miller Road LLC
Shaw-almex Industries Ltd
Grant Deed
—
Aug 20, 2020
$624,100
Shaw-almex Industries Ltd
Shaw Stonecrest Properties LLC
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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