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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Warehouses
2827 Adair Ml Rd Cleveland, GA 30528-3327
Individually Owned
20-yr Hold
Property ID
US22-2017207
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2013
Construction
FRAME
Total area
6,300 SF
Lot
96.98 ac (4,224,449 SF)
Zoning code
R1
APN
007 058
UPID
US22-2017207
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
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$727k
Blend (final)
Blend
$600k
Owner & transaction history
Gordon R Gray · 20 yrs held
Gordon R Gray
since 2006
3 recorded transactions
Zoning & alternative use
R1 · Cleveland, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$905,000
+78.1%
Auto repair, garage
$695,000
+36.9%
Restaurant
$690,000
+36.5%
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
by Request
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$505,000
Current use
COMMERCIAL (GENERAL)
$905,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +37% · Conversion: Easy
RESTAURANT
$690,000
Change: +37% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$510,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
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
$95 / 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
$9,036
Tax year 2024
Assessed value
$460,728
Assessed 2024
Previous assessed
$415,188
+11.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$296,760
Assessed improvement
$163,968
Land market value
$741,900
Improvement market value
$409,920
Total market value
$1,151,820
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
3
Total area
6,300 SF
Lot
96.98 ac (4,224,449 SF)
Zoning code
R1
APN
007 058
UPID
US22-2017207
Jurisdiction
WHITE
Zoning & alternative use
R1 · Cleveland, GA
Zoning R1 · permitted uses
R1 · Cleveland, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$505,000
COMMERCIAL (GENERAL)
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$695,000
RESTAURANT
Est. value
$690,000
INDUSTRIAL (GENERAL)
Est. value
$510,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
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
2013
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
96.98 ac
Current owner
From public records · entity-resolved
Gordon R Gray
Individual
Mailing address
2827 ADAIR ML RD, CLEVELAND, GA 30528-3327
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2006
—
Gordon R Gray
Gray,gordon R
Quit Claim Deed
related
$821,000 · Georgia FCU
Apr 4, 2005
$420,000
Barbara Jean Gray
Wiesner,albert & Ursula
Warranty Deed
related
$336,000 · American Mortgage Express Fina
—
—
Gordon R Gray
—
Deed Of Trust
related
$712,500 · Georgia United Cu
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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