Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$28,830,000
Distribution centers
3100 Southpark Blvd Ellenwood, GA 30294-3500
Entity Owned
22-yr Hold
Free & Clear
Property ID
US22-1639659
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Total area
229,829 SF
Lot
24.15 ac (1,051,974 SF)
Zoning code
HI
APN
12-202A- A-002
UPID
US22-1639659
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
$25.96M
Comparable Approach
Comparable
$35.56M
Blend (final)
Blend
$28.83M
Owner & transaction history
Mcdonald Ventures Xxiii LLC · 22 yrs held
Mcdonald Ventures Xxiii LLC
since 2004
2 recorded transactions
Zoning & alternative use
HI · Ellenwood, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$38.0M
+19.3%
Commercial (general)
$34.3M
+7.7%
Neighborhood: shopping center
$32.5M
+1.9%
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 Ellenwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellenwood 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$28,120,000
6.5%
$25,955,000
7%
$24,100,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$31,865,000
Current use
OFFICE BUILDING
$38,005,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$34,315,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$32,460,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$28.83M
Range $25.95M – $31.71M · ±10%
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
$125 / 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
$336,541
Tax year 2024
Assessed value
$8,626,600
Assessed 2024
Previous assessed
$8,429,400
+2.3% YoY
Effective rate
3.90%
On assessed value
Assessed land
$966,000
Assessed improvement
$7,660,600
Land market value
$2,415,000
Improvement market value
$19,151,500
Total market value
$21,566,500
Applied tax rate
8.0000
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
2004
Heating
NONE
Total area
229,829 SF
Lot
24.15 ac (1,051,974 SF)
Zoning code
HI
APN
12-202A- A-002
UPID
US22-1639659
Jurisdiction
CLAYTON
Zoning & alternative use
HI · Ellenwood, GA
Zoning HI · permitted uses
HI · Ellenwood, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellenwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$31.9M
OFFICE BUILDING
Est. value
$38.0M
COMMERCIAL (GENERAL)
Est. value
$34.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$32.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2004
Heating
NONE
Lot
24.15 ac
Current owner
From public records · entity-resolved
Mcdonald Ventures Xxiii LLC
Entity
Free & Clear · 22 yrs held
Mailing address
PO BOX 20197, ATLANTA, GA 30325-0197
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2004
$475,000
Mcdonald Ventures Xxiii LLC
Southpark 3000 Assoc LLC
Grant Deed
—
—
—
Lpf 3100 Atlanta Southpark LLC
—
Deed Of Trust
related
$6,300,000 · Nationwide Life Insurance Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3100 Southpark Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
