Entity Owned Property summary
AI-generated overview
This exceptional industrial property, located at 3024-3052 Miller Road in Stonecrest, Georgia, offers a versatile warehouse and distribution space totaling 70,000 square feet. Currently, 5,350 square feet is immediately available for lease. The building, constructed in 1978, features a single story with high ceilings measuring 18 feet, ideal for various industrial uses. The property boasts excellent access with three dock-high doors and one drive-in door, facilitating efficient loading and unloading. Ample parking is provided with 110 spaces available for employees and visitors. The warehouse space is complemented by 1,188 square feet of office space, providing a functional area for administrative tasks. The remaining 4,162 square feet is dedicated to warehouse storage. Situated on three acres of land, this property is zoned M and benefits from its location in the Snapfinger/I-20 East submarket cluster, offering convenient access to major transportation routes. This multi-tenant building presents a unique opportunity for businesses seeking a well-maintained and strategically located industrial space in the thriving Stonecrest area (zip code 30038).
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
67,475 SF
Lot
6.29 ac (273,992 SF)
Zoning code
X
APN
16 023 02 036
UPID
US22-0168423
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.01M
Blend (final)
Blend
$4.62M
Owner & transaction history
since 2021
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
X · Lithonia, GA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.62M
Value range
$4.16M – $5.08M
±10% around blend
Estimated value / SF
$68 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
$4.16M
blend $4.62M
$5.08M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
67,475 SF
Lot area
6.29 ac
Year built
1974
Stories
1
APN
16 023 02 036
Zoning
X
Assessed value
$2,803,120
Annual tax
$139,328
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$9.10M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.1 mi away · 68,052 SF
12.5 mi away · 72,625 SF
14.3 mi away · 59,078 SF
17.3 mi away · 56,775 SF
20.3 mi away · 60,752 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.62M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 63 sales
$87
-21%
County 267 sales
$140
-51%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $68/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.15M
Move the market yield to see immediate price impact.
Value / SF
$62
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$262k
$5.23M
$3.74M
$2.91M
$291k
$5.81M
$4.15M
$3.23M
$320k
$6.39M
$4.57M
$3.55M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$7.93M
0.8 mi · Oct 2025 · $93/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$139,328
Tax year 2024
Assessed value
$2,803,120
Assessed 2024
Previous assessed
$1,305,400
+114.7% YoY
Effective rate
4.97%
On assessed value
Assessed land
$93,038
Assessed improvement
$2,710,082
Land market value
$232,594
Improvement market value
$6,775,206
Total market value
$7,007,800
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Heating
NONE
Buildings
3
Stories
1
Total area
67,475 SF
Lot
6.29 ac (273,992 SF)
Zoning code
X
APN
16 023 02 036
UPID
US22-0168423
Jurisdiction
DE KALB
Zoning & alternative use
X · Lithonia, GAZoning X · permitted uses
X · Lithonia, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Stories
1
Buildings
3
Lot
6.29 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
X
Jurisdiction
Lithonia, GA
Recorded code
X
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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