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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Warehouses
2842 Franklin St, Avondale Estates, GA 30002-1057
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0164635
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Total area
3,658 SF
Lot
1.04 ac (45,302 SF)
Zoning code
M
APN
15 248 23 004
UPID
US22-0164635
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
$445k
CAP Approach
CAP
$415k
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$565k
Owner & transaction history
Little Tree Properties LLC · 3 yrs held
Little Tree Properties LLC
since 2022
2 recorded transactions
Zoning & alternative use
M · Avondale Estates, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$925,000
+80.6%
Auto repair, garage
$790,000
+53.9%
Neighborhood: shopping center
$690,000
+34.5%
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 Avondale Estates submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avondale Estates 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
$445,000
CAP Approach
CAP Return
Estimation
6%
$450,000
6.5%
$415,000
7%
$385,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$510,000
Current use
RETAIL STORES
$925,000
Change: +81% · Conversion: Moderate
AUTO REPAIR, GARAGE
$790,000
Change: +54% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$690,000
Change: +34% · Conversion: Moderate
MEDICAL BUILDING
$685,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$635,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$154 / 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
$55,135
Tax year 2024
Assessed value
$1,157,360
Assessed 2024
Previous assessed
$1,157,360
+0.0% YoY
Effective rate
4.76%
On assessed value
Assessed land
$126,115
Assessed improvement
$1,031,245
Land market value
$315,288
Improvement market value
$2,578,112
Total market value
$2,893,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1966
Heating
NONE
Buildings
2
Stories
1
Total area
3,658 SF
Lot
1.04 ac (45,302 SF)
Zoning code
M
APN
15 248 23 004
UPID
US22-0164635
Jurisdiction
DE KALB
Zoning & alternative use
M · Avondale Estates, GA
Zoning M · permitted uses
M · Avondale Estates, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avondale Estates. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$510,000
RETAIL STORES
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$690,000
MEDICAL BUILDING
Est. value
$685,000
OFFICE BUILDING
Est. value
$635,000
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
1966
Heating
NONE
Stories
1
Buildings
2
Lot
1.04 ac
Current owner
From public records · entity-resolved
Little Tree Properties LLC
Entity
Mailing address
2834 FRANKLIN ST, AVONDALE ESTATES, GA 30002-1057
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
—
Little Tree Properties LLC
—
Deed
related
$750,000 · Tandem Bank
Jun 28, 2022
—
Little Tree Properties LLC
—
Deed
related
$1,500,000 · Tandem 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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