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Property profile & analytics
OFF-MARKET
Estimated value
$13,280,000
Warehouses
321 Mls Rd Waynesboro, GA 30830-5378
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US22-0507554
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Total area
200,000 SF
Lot
20.33 ac (885,575 SF)
Zoning code
I-2
APN
073A-108
UPID
US22-0507554
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
$10.27M
Blend (final)
Blend
$13.28M
Owner & transaction history
Mills Road LLC · 12 yrs held
Mills Road LLC
since 2014
7 recorded transactions
Zoning & alternative use
I-2 · Waynesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide areas for basic and heavy industrial and related uses, to encourage the proper design, placement, and grouping of industrial uses, and to protect adjacent districts from potentially harmful effects
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
224.45 ac
Source
Realmo
Top alternative use upside
Restaurant
$21.4M
+115.3%
Auto repair, garage
$21.2M
+113.4%
Retail stores
$13.1M
+31.6%
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 Waynesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waynesboro 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,940,000
Current use
RESTAURANT
$21,400,000
Change: +115% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,210,000
Change: +113% · Conversion: Easy
RETAIL STORES
$13,085,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$13.28M
Range $11.95M – $14.61M · ±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
$66 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$51,329
Tax year 2023
Assessed value
$1,720,556
Assessed 2023
Previous assessed
$1,720,556
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$60,660
Assessed improvement
$1,659,896
Land market value
$151,650
Improvement market value
$4,149,739
Total market value
$4,301,389
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
NONE
Buildings
2
Total area
200,000 SF
Lot
20.33 ac (885,575 SF)
Zoning code
I-2
APN
073A-108
UPID
US22-0507554
Jurisdiction
BURKE
Zoning & alternative use
I-2 · Waynesboro, GAZoning I-2 · permitted uses
I-2 · Waynesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide areas for basic and heavy industrial and related uses, to encourage the proper design, placement, and grouping of industrial uses, and to protect adjacent districts from potentially harmful effects
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
224.45 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.9M
RESTAURANT
Est. value
$21.4M
AUTO REPAIR, GARAGE
Est. value
$21.2M
RETAIL STORES
Est. value
$13.1M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1996
Heating
NONE
Buildings
2
Lot
20.33 ac
Current owner
From public records · entity-resolved
Mills Road LLC
Entity
Mailing address
316 HILLSIDE DR #1354, WALESKA, GA 30183-4220
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2019
—
Mills Road LLC
—
Deed
related
$5,512,500 · Readycap Com'l
Jun 5, 2014
—
Mills Road LLC
Synergy Group LLC
Grant Deed
related
$6,350,000 · Cantor Com'l R/e Lndg
Mar 24, 2011
$24,350,000
Synergy Grp LLC
Waynesboro Manufacturing Grp LLC
Grant Deed
—
Mar 2, 2010
$24,750,000
Waynesboro,manufacturing Grp L
Double Ds Trading Co LLC
Grant Deed
—
—
—
Mills Road LLC
—
Deed Of Trust
related
$5,512,500 · Readycap Com'l
—
—
Synergy Grp LLC
—
Deed Of Trust
related
$5,500,000 · I Ucf
—
—
Double Ds Trading Co LLC
—
Deed Of Trust
related
$105,011 · Glaser Currie Bullman LLP
—
—
Waynesboro,manufacturing Grp L
—
Deed Of Trust
related
$24,350,000 · Double Ds Trading Co LLC
—
—
Double Ds Trading Co LLC
—
Deed Of Trust
related
$3,200,000 · First National Bank
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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