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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Warehouses
2977 Summer Oak Pl Buford, GA 30518-0402
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-4747030
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2022
Total area
6,000 SF
Lot
1.38 ac (60,113 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R7297 078
UPID
US22-4747030
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
$1.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.28M
Owner & transaction history
Thompson Property & Investment INC · 2 yrs held
Thompson Property & Investment INC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Buford, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+103.4%
Commercial (general)
$1.7M
+77.4%
Retail stores
$1.6M
+71.5%
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 Buford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buford 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
$1,275,000
ML approach
$1,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$945,000
Current use
MEDICAL BUILDING
$1,920,000
Change: +103% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,675,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$1,620,000
Change: +72% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,580,000
Change: +67% · Conversion: Moderate
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.28M (May 22 2024)
Last sale anchor
$1.28M
May 22 2024
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
$213 / 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
$4,863
Tax year 2024
Assessed value
$338,880
Assessed 2024
Previous assessed
$252,000
+34.5% YoY
Effective rate
1.44%
On assessed value
Assessed land
$114,480
Assessed improvement
$224,400
Land market value
$286,200
Improvement market value
$561,000
Total market value
$847,200
Applied tax rate
2.0000
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
2022
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,000 SF
Lot
1.38 ac (60,113 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R7297 078
UPID
US22-4747030
Jurisdiction
GWINNETT
Zoning & alternative use
M1-LIGHT INDUSTRY · Buford, GA
Zoning M1-LIGHT INDUSTRY · permitted uses
M1-LIGHT INDUSTRY · Buford, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Buford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$945,000
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2022
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Thompson Property & Investment INC
Entity
Mailing address
2977 S SUMMER OAK PL, BUFORD, GA 30518-0402
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
$1,275,000
Thompson Property & Investment INC
William Oliver Properties LLC
Warranty Deed
$408,500 · First Citizens Bank
May 22, 2024
—
Thompson Property & Investment INC
William Oliver Properties LLC
Quit Claim Deed
related
—
Oct 27, 2020
—
William Oliver Properties LLC
—
Correction Deed
related
$391,000 · Pinnacle Bk
Sep 1, 2020
$160,000
William Oliver Properties LLC
Elvin Fam
Warranty Deed
$391,000 · Pinnacle Bk
Feb 19, 2020
—
Elvin & Virginia Thigpen Fam L
Metal Bldg Const INC
Grant Deed
related
—
Aug 5, 2019
$125,000
Metal Bldg Const INC
Fjc Properties LLC
Grant Deed
—
Apr 23, 2015
$150,000
Fjc Properties LLC
Metal Building Construction In
Grant Deed
—
Apr 23, 2015
—
Metal Building Construction In
Elvin & Virginia Thigpen Famil
Grant Deed
related
—
Jun 26, 2013
—
Elgin & Virginia Thipen Family
Thigpen,elvin A & Virginia A
Quit Claim Deed
related
—
Dec 5, 2007
—
Big Oak Dev LLC
Branch Banking & Trust
Quit Claim Deed
related
—
Nov 2, 2007
$480,000
Metal Building Associates INC
Big Oak Dev LLC
Grant Deed
—
Nov 1, 2007
$480,000
Metal Building Associates INC
Big Oak Development
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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