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Property profile & analytics
OFF-MARKET
Estimated value
$17,660,000
Warehouses
2936 Memorial SE Dr Atlanta, GA 30317
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0194935
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
117,300 SF
Lot
1.33 ac (57,935 SF)
Zoning code
C1
APN
15 202 07 003
UPID
US22-0194935
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
Current use
Occupant on record · Public records
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.66M
Owner & transaction history
Cubesmart LP · 4 yrs held
Cubesmart LP
since 2022
Last sale
$20.7M
7 recorded transactions
Zoning & alternative use
C1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$27.5M
+61.9%
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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$21,510,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,270,000
6.5%
$14,100,000
7%
$13,090,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$16,965,000
Current use
OFFICE BUILDING
$27,460,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$17.66M
Range $15.89M – $19.43M · ±10% · vs last sale $20.70M (Jul 15 2022)
Last sale anchor
$20.70M
Jul 15 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
$151 / 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
$361,691
Tax year 2024
Assessed value
$7,708,040
Assessed 2024
Previous assessed
$4,600,000
+67.6% YoY
Effective rate
4.69%
On assessed value
Assessed land
$357,240
Assessed improvement
$7,350,800
Land market value
$893,100
Improvement market value
$18,377,000
Total market value
$19,270,100
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
NONE
Stories
1
Bathrooms
0
Total area
117,300 SF
Lot
1.33 ac (57,935 SF)
Zoning code
C1
APN
15 202 07 003
UPID
US22-0194935
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Atlanta, GA
Zoning C1 · permitted uses
C1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$17.0M
OFFICE BUILDING
Est. value
$27.5M
WAREHOUSE, STORAGE Current
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
2021
Heating
NONE
Stories
1
Bathrooms
0
Lot
1.33 ac
Current owner
From public records · entity-resolved
Cubesmart LP
Entity
Free & Clear · 4 yrs held
Mailing address
5 OLD LANCASTER RD, MALVERN, PA 19355-2132
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
$20,700,000
Cubesmart LP
2936 Self Storage LLC
Warranty Deed
—
Jun 21, 2021
$13,500,000
2936 Self Storage LLC
East Lake Self Storage LLC
Warranty Deed
$9,775,000 · Piedmont Bank
Oct 7, 2020
$7,819,400
East Lake Self Storage LLC
Oakhurst Self Storage LLC
Grant Deed
$9,775,500 · Piedmont Bk
Mar 10, 2020
—
Oakhurst Self Storage LLC
—
Deed
related
$7,193,000 · Piedmont Bk
Dec 30, 2019
—
Oakhurst Self Storage LLC
—
Loan Modification
related
$6,750,000 · Piedmont Bk
Nov 8, 2012
—
Ipracel Net LLC
Rzi Properties LLC
Quit Claim Deed
related
—
Sep 27, 2011
$9,100
Rzi Properties LLC
Sheriff Of Dekalb County
Tax Deed
—
Sep 13, 2005
$200,000
Iparcel LLC
Hightower Development Group LLC
Warranty Deed
$211,735 · Peachtree National Bank
May 14, 2004
$75,000
Hightower Dev Grp LLC
Fisher,arlene D
Warranty Deed
$90,125 · Equity Trust INC
—
—
Oakhurst Self Storage LLC
—
Loan Modification
related
$7,193,000 · Piedmont Bk
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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