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Property profile & analytics
OFF-MARKET
Estimated value
$11,520,000
Warehouses
3195 Lanier Pkwy Decatur, GA 30034-6841
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-0474369
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Total area
52,026 SF
Lot
4.5 ac (196,020 SF)
Zoning code
M
APN
15 089 01 019
UPID
US22-0474369
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
Current use
Occupant on record · Public records
-
Rinchem Company Inc Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.31M
Blend (final)
Blend
$11.52M
Owner & transaction history
B9 Perimeter East Owner LLC · 2 yrs held
B9 Perimeter East Owner LLC
since 2024
Last sale
$11.5M
7 recorded transactions
Zoning & alternative use
M · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.7M
+76.1%
Office building
$13.2M
+69.0%
Retail stores
$12.1M
+55.4%
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$11,520,000
ML approach
$11,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,800,000
Current use
AUTO REPAIR, GARAGE
$13,735,000
Change: +76% · Conversion: Easy
OFFICE BUILDING
$13,185,000
Change: +69% · Conversion: Difficult
RETAIL STORES
$12,125,000
Change: +55% · Conversion: Moderate
MEDICAL BUILDING
$12,055,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$11.52M
Range $10.37M – $12.67M · ±10% · vs last sale $11.52M (Apr 10 2024)
Last sale anchor
$11.52M
Apr 10 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
$221 / 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
$136,029
Tax year 2024
Assessed value
$3,007,200
Assessed 2024
Previous assessed
$1,990,796
+51.1% YoY
Effective rate
4.52%
On assessed value
Assessed land
$139,356
Assessed improvement
$2,867,844
Land market value
$348,389
Improvement market value
$7,169,611
Total market value
$7,518,000
Applied tax rate
4.0000
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
1991
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
52,026 SF
Lot
4.5 ac (196,020 SF)
Zoning code
M
APN
15 089 01 019
UPID
US22-0474369
Jurisdiction
DE KALB
Zoning & alternative use
M · Decatur, GA
Zoning M · permitted uses
M · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$13.7M
OFFICE BUILDING
Est. value
$13.2M
RETAIL STORES
Est. value
$12.1M
MEDICAL BUILDING
Est. value
$12.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL 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
1991
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
4.5 ac
Current owner
From public records · entity-resolved
B9 Perimeter East Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3195 N LANIER PKWY, DECATUR, GA 30034-6841
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2024
—
B9 Perimeter East Owner LLC
Bx Commercial Mortgage Trust 2021 V
Quit Claim Deed
related
—
Apr 10, 2024
$11,521,846
Perimeter East Portfolio II LLC
B9 Perimeter East Owner LLC
Warranty Deed
—
Apr 27, 2021
—
B9 Perimeter East Owner LLC
—
Deed
related
$845,000,000 · Wells Fargo
Oct 7, 2020
$5,700,800
B9 Perimeter East Owner LLC
Doug Indl Portfolio I Prop Owne
Grant Deed
—
Mar 9, 2020
$4,400,000
Dg Indl Portfolio I Prop Owne
P8/sealy 3195 Lanier LLC
Grant Deed
—
Apr 15, 2015
—
Perimeter East Property Owner
—
Grant Deed
related
$50,000,000 · Fifth Third Bk
Dec 29, 2014
—
Perimeter East Property Owner
Stone Mountain Industrial Park
Quit Claim Deed
related
—
Dec 29, 2014
$22,173,100
Perimeter East Property Owner
Stone Mountain Industrial Park
Grant Deed
—
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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