Entity Owned 
For Lease
Contact for pricing
3151 Lenora Church Rd, Snellville, GA 30039
View Listing →
Property summary
AI-generated overview
The property consists of a pre-engineered metal building configured for flex space use, located in Snellville, Georgia. The facility includes approximately 750 square feet of office space and is equipped with one drive-in door. It also provides on-site parking and is maintained in good condition.
Property profile
Verified
Property type
Other warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1990
Total area
10,500 SF
Lot
1.05 ac (45,738 SF)
Zoning code
LM-LIGHT MANUFACTURING
APN
R5029 236
UPID
US22-0116140
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company
-
Pharmacy
-
Insurance Agency
-
Marketing & Advertising
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$904k
Blend (final)
Blend
$1.35M
Owner & transaction history
since 2022
Last sale
$1.3M
1 recorded transaction
Zoning & alternative use
LM-LIGHT MANUFACTURING · Snellville, GA
Top alternative use upside
Commercial (general)
$2.1M
+127.0%
Office building
$1.8M
+100.7%
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.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 13 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.35M
Value range
$1.22M – $1.49M
±10% around blend
Estimated value / SF
$129 / SF
Confidence
High
13 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
Income certainty
100
$1.22M
blend $1.35M
$1.49M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,500 SF
Lot area
1.05 ac
Year built
1990
Stories
1
APN
R5029 236
Zoning
LM-LIGHT MANUFACTURING
Assessed value
$500,000
Annual tax
$16,000
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.19M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.29M
@ 6.5% CAP return
$1.19M
@ 7% CAP return
$1.10M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$16,000
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.42M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.5 mi away · 10,000 SF
8.8 mi away · 12,000 SF
10.0 mi away · 11,989 SF
10.0 mi away · 9,976 SF
10.2 mi away · 10,192 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.35M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 63 sales
$87
+48%
County 421 sales
$160
-19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $129/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+127%
vs current-use indication
Office Building
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
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: income and sales evidence cover the value conclusion.
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
5.70%
Selected cap rate for this other warehouses
Derived from the Snellville market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.70%
9.0%
NOI (est.)
$62k *
Last sale · Jul 2022
$1.25M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.08M
Move the market yield to see immediate price impact.
Value / SF
$103
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
5.20%5.70%6.20%
$56k
$1.07M
$974k
$896k
$62k
$1.19M
$1.08M
$995k
$68k
$1.31M
$1.19M
$1.09M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$500k
6.0 mi · Dec 2025 · $56/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$16,000
Tax year 2024
Assessed value
$500,000
Assessed 2024
Previous assessed
$500,000
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$109,760
Assessed improvement
$390,240
Land market value
$274,400
Improvement market value
$975,600
Total market value
$1,250,000
Applied tax rate
10.0000
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
Other warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
For Lease
Year built
1990
Heating
YES
Cooling
NONE
Stories
1
Total area
10,500 SF
Lot
1.05 ac (45,738 SF)
Zoning code
LM-LIGHT MANUFACTURING
APN
R5029 236
UPID
US22-0116140
Jurisdiction
GWINNETT
Zoning & alternative use
LM-LIGHT MANUFACTURING · Snellville, GAZoning LM-LIGHT MANUFACTURING · permitted uses
LM-LIGHT MANUFACTURING · Snellville, 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
1990
Heating
YES
Cooling
Yes
Stories
1
Lot
1.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LM-LIGHT MANUFACTURING
Jurisdiction
Snellville, GA
Recorded code
LM-LIGHT MANUFACTURING
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LM-LIGHT MANUFACTURING in Snellville, GA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
