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Property profile & analytics
OFF-MARKET
Estimated value
$5,300,000
Warehouses
3020 Commerce Way Hapeville, GA 30354-1283
Individually Owned
2-yr Hold
Free & Clear
Property ID
US22-1508388
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
35,785 SF
Lot
2 ac (87,120 SF)
Zoning code
R2
APN
14 0067 LL1158
UPID
US22-1508388
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
$5.30M
CAP Approach
CAP
$3.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.30M
Owner & transaction history
Br Commerce Way Dst · 2 yrs held
Br Commerce Way Dst
since 2024
Last sale
$5.3M
3 recorded transactions
Zoning & alternative use
R2 · Hapeville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.4M
+120.5%
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 Hapeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hapeville 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
$5,300,000
ML approach
$5,300,000
CAP Approach
CAP Return
Estimation
6%
$4,180,000
6.5%
$3,860,000
7%
$3,585,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,800,000
Current use
OFFICE BUILDING
$8,380,000
Change: +121% · Conversion: Difficult
Blend value · Realmo final
$5.30M
Range $4.77M – $5.83M · ±10% · vs last sale $5.30M (Jan 12 2024)
Last sale anchor
$5.30M
Jan 12 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
$148 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$16,258
Tax year 2023
Assessed value
$625,760
Assessed 2024
Previous assessed
$576,000
+8.6% YoY
Effective rate
2.60%
On assessed value
Assessed land
$52,440
Assessed improvement
$573,320
Land market value
$131,100
Improvement market value
$1,433,300
Total market value
$1,564,400
Applied tax rate
30.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Heating
YES
Cooling
YES
Stories
1
Total area
35,785 SF
Lot
2 ac (87,120 SF)
Zoning code
R2
APN
14 0067 LL1158
UPID
US22-1508388
Jurisdiction
FULTON
Zoning & alternative use
R2 · Hapeville, GA
Zoning R2 · permitted uses
R2 · Hapeville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hapeville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.8M
OFFICE BUILDING
Est. value
$8.4M
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
1965
Heating
YES
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Br Commerce Way Dst
Individual
Free & Clear · 2 yrs held
Mailing address
3020 COMMERCE WAY, ATLANTA, GA 30354-1283
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2024
$5,300,000
Br Commerce Way Dst
3020 Commerce Way Investors LLC
Warranty Deed
—
Apr 9, 2021
$2,980,000
3020 Commerce Way Investors LLC
Mi Commerce LLC
Warranty Deed
—
Mar 29, 2021
$2,300,000
M I Commerce LLC
Robin R Visceglia
Warranty Deed
$1,687,830 · Southern States 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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