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Property profile & analytics
OFF-MARKET
Estimated value
$52,875,000
Distribution centers
3090 Hwy 42nd S Locust Grove, GA 30248-3013
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1087852
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2019
Construction
CONCRETE
Total area
1,014,800 SF
Lot
85.65 ac (3,730,914 SF)
Zoning code
M1
APN
112-01017000
UPID
US22-1087852
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
$53.57M
Blend (final)
Blend
$52.88M
Owner & transaction history
Henry County Dev Authority · 5 yrs held
Henry County Dev Authority
since 2020
Last sale
$50.7M
7 recorded transactions
Zoning & alternative use
M1 · Locust Grove, 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 Locust Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Locust Grove 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
$56,585,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$86,310,000
Current use
Blend value · Realmo final
$52.88M
Range $47.59M – $58.16M · ±10% · vs last sale $50.67M (Dec 30 2020)
Last sale anchor
$50.67M
Dec 30 2020
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
$52 / 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
$459,578
Tax year 2024
Assessed value
$13,231,725
Assessed 2024
Previous assessed
$13,231,725
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$2,034,200
Assessed improvement
$11,197,525
Land market value
$5,085,500
Improvement market value
$27,993,813
Total market value
$33,079,313
Applied tax rate
5.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
1
Units
1
Rooms
5
Bathrooms
2
Total area
1,014,800 SF
Lot
85.65 ac (3,730,914 SF)
Zoning code
M1
APN
112-01017000
UPID
US22-1087852
Jurisdiction
HENRY
Zoning & alternative use
M1 · Locust Grove, GA
Zoning M1 · permitted uses
M1 · Locust Grove, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Locust Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$86.3M
WAREHOUSE, STORAGE Current
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
2019
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
5
Bathrooms
2
Lot
85.65 ac
Current owner
From public records · entity-resolved
Henry County Dev Authority
Entity
Free & Clear · 5 yrs held
Mailing address
3102 OAK LAWN AVE STE #540, DALLAS, TX 75219-6421
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
$50,669,722
Henry County Dev Authority
Drisp Locust Grove One LLC
Grant Deed
—
Dec 31, 2019
—
Dri-sp Locust Grove One LLC
—
Deed
related
$27,328,000 · Pinnacle Bk
Dec 17, 2019
—
Dri-sp Locust Grove Two LLC
Dri-sp Locust Grove One LLC
Quit Claim Deed
related
—
Sep 5, 2018
—
Dri-sp Locust Grove One LLC
—
Deed
related
$27,328,000 · Pinnacle Bk
Aug 9, 2018
$3,546,600
Dri-sp Locust Grove One LLC
Gardner S H
Grant Deed
—
Aug 9, 2018
$5,000
Dri-sp Locust Grove One LLC
Floyd,ann E
Grant Deed
—
Aug 9, 2018
$441,800
Dri-sp Locust Grove One LLC
Gardner,ann H
Grant Deed
—
Aug 9, 2018
—
Dri-sp Locust Grove One LLC
Gardner,carson L
Quit Claim Deed
related
—
Jan 13, 2015
—
Samuel C Gardner
Gardner,s H JR & Ann H
Quit Claim Deed
related
—
Dec 24, 2014
—
Samuel C Gardner
Gardner,s H JR & Ann H
Quit Claim Deed
related
—
Nov 30, 2009
—
Samuel Chipper Gardner
Gardner,s H JR
Quit Claim Deed
related
—
—
—
Dri-sp Locust Grove One LLC
—
Loan Modification
related
$27,328,000 · Pinnacle Bk
—
—
Dri-sp Locust Grove One LLC
—
Deed Of Trust
related
$27,328,000 · Pinnacle 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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