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    Property profile & analytics

    2832 Anvil Block Rd Ellenwood, GA 30294-2301

    • Distribution centers
    • 96,000 SF
    • 20.28 lot acres
    OFF-MARKET
    Last Sale
    Sep 13, 2024
    $17,000,000
    Value Estimations
    $17,000,000
    Show details
    Cap Rate Potential
    4.1%
    Distribution centers
    Location Intelligence
    Property ID
    US22-1014706
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Treadmaxx - Atlanta / Big Box & Wholesale Store
    • Treadmaxx Support Center / Corporate Office

    Property Details for 2832 Anvil Block Rd

    Year built
    2002
    Lot size
    20.28 lot acres
    Property size
    96,000 SF
    Zone code
    LI
    Property type
    Distribution centers
    APN
    12-235A- A-002
    APU
    12235AA002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $17,000,000
      ML approach
      $17,000,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,745,000
      6.5%
      $10,840,000
      7%
      $10,065,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,802,000
      Market price range: $5.22M - $26.4M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $13,310,000
      Current use
      AUTO REPAIR, GARAGE
      $27,260,000
      Change: +105% Conversion: Easy
      OFFICE BUILDING
      $15,875,000
      Change: +19% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $14,335,000
      Change: +8% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $13,560,000
      Change: +2% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ellenwood
    County
    Clayton
    State
    Georgia
    Longitude
    -84.2965
    Latitude
    33.6357
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $97,475
    $811,320
    $2,537,600
    $3,348,920
    -
    $2,028,300
    $6,344,000
    $8,372,300

    Comparable in this City

    • Value Estimation by Request
      39,000 SF

      5290 Ga-42

      Distribution properties • 39,000 SF
      5290 Ga-42, Ellenwood, GA 30294
      View Details
    • Value Estimation
      $33,020,000
      400,000 SF

      4644 Southpark Blvd

      DISTRIBUTION WAREHOUSE • 400,000 SF
      4644 Southpark Blvd, Ellenwood, GA 30294-3548
      View Details
    • Value Estimation
      $28,830,000
      229,829 SF

      3100 Southpark Blvd

      DISTRIBUTION WAREHOUSE • 229,829 SF
      3100 Southpark Blvd, Ellenwood, GA 30294-3500
      View Details
    • Value Estimation
      $34,755,000
      343,585 SF

      2764 Anvil Block Rd

      DISTRIBUTION WAREHOUSE • 343,585 SF
      2764 Anvil Block Rd, Ellenwood, GA 30294-2305
      View Details
    • Value Estimation
      $40,065,000
      659,547 SF

      3060 Southpark Blvd

      DISTRIBUTION WAREHOUSE • 659,547 SF
      3060 Southpark Blvd, Ellenwood, GA 30294-3545
      View Details
    • Value Estimation by Request
      210,670 SF

      4500 Southpark Blvd

      DISTRIBUTION WAREHOUSE • 210,670 SF
      4500 Southpark Blvd, Ellenwood, GA 30294-3551
      View Details

    Similar Nearby for Sale

    • $3,700,000
      39,000 SF

      Ellenwood Industrial Complex

      39,000 SF Warehouse, Owner/User
      5290 Ga-42, Ellenwood, GA 30294
      View Details
    • $1,200,000
      1.79 Acres

      Ellenwood Commercial Land - $1.2M

      1.79-acre commercial lot, ideal for development.
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      View Details
    • $350,000
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      Grant Road Industrial Land

      Vacant 125K SF lot, ideal development
      0 Grant Rd, Ellenwood, GA 30294
      View Details
    • $59,500
      0.71 Acres

      Residential Land in Ellenwood, GA

      Land with potential for residential development in Ellenwood, Georgia.
      3702 Upton Ct, Ellenwood, GA 30294
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    • $1,200,000
      23.00 Acres

      23 Acre Development Opportunity

      23 acres in Ellenwood, ideal for development or care facility.
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    • $550,000
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      Prime Commercial Land Near Atlanta

      1.43 acres of commercially zoned land with high visibility.
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    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Ellenwood Warehouse - 30,000 SF

      Prime Clayton County Distribution Space
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      View Details
    • $7 SF/Yr
      39,000 SF

      Highway 42 Industrial Property

      39,000 SF Flex Space For Lease
      5290 Ga-42, Ellenwood, GA 30294
      View Details
    • Contact for pricing
      571,517 SF

      Ellenwood Warehouse Space Available

      Large industrial warehouse space available for lease in Ellenwood.
      2065 Anvil Block Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing
      51,557 SF

      Ellenwood Retail Center Investment

      High-traffic retail space available
      1790 Panola Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing
      30,000 SF

      Industrial Facility with Paved Acreage

      30,000 SF industrial facility on 10.5 paved acres for lease.
      2620 Campbell Blvd, Ellenwood, GA 30294
      View Details
    • Contact for pricing

      Anvilblock Road Retail Outparcel

      Retail outparcel near I-675 and major retailers.
      2900 Anvil Block Rd, Ellenwood, GA 30294
      View Details
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    Ellenwood, GA 30294-2301
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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