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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Warehouses
2900 Mechanicsville Rd Norcross, GA 30071
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1221329
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1999
Total area
56,080 SF
Lot
4.26 ac (185,566 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6251 005
UPID
US22-1221329
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Frgxapga LP · 2 yrs held
Frgxapga LP
since 2024
4 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, 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 Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$19 / 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
$117,371
Tax year 2024
Assessed value
$3,284,680
Assessed 2024
Previous assessed
$2,406,800
+36.5% YoY
Effective rate
3.57%
On assessed value
Assessed land
$334,000
Assessed improvement
$2,950,680
Land market value
$835,000
Improvement market value
$7,376,700
Total market value
$8,211,700
Applied tax rate
20.0000
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
1999
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
56,080 SF
Lot
4.26 ac (185,566 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6251 005
UPID
US22-1221329
Jurisdiction
GWINNETT
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Zoning M1-LIGHT INDUSTRY · permitted uses
M1-LIGHT INDUSTRY · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
4.26 ac
Current owner
From public records · entity-resolved
Frgxapga LP
Entity
Free & Clear · 2 yrs held
Mailing address
2900, MECHANICSVILLE RD, GA
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2024
—
Frgxapga LP
Frg-x-ga2 LP
Warranty Deed
—
Jun 16, 2022
$9,921,540
Frg X Ga2 LP
Oivf Jones Mill LLC
Limited Warranty Deed
—
Aug 16, 2021
$2,357,693
Oivf Jones Mill LLC
Saied Kashani Mir
Limited Warranty Deed
$2,913,000 · Bridgewater Bank
May 12, 2017
$827,400
Augment General Trading Fze
American National Holding Corp
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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