New search
Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Warehouses
3235 Industrial Way, Snellville, GA 30039-4958
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0116694
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1994
Total area
10,500 SF
Lot
1.05 ac (45,738 SF)
Zoning code
LM-LIGHT MANUFACTURING
APN
R5029 228
UPID
US22-0116694
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
$723k
Blend (final)
Blend
$690k
Owner & transaction history
Mullins & Kellis LLC · 8 yrs held
Mullins & Kellis LLC
since 2018
7 recorded transactions
Zoning & alternative use
LM-LIGHT MANUFACTURING · Snellville, 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 Snellville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Snellville 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
$910,000
Current use
Blend value · Realmo final
$690k
Range $621k – $759k · ±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 2024Property tax & assessments
Tax year 2024
Tax billed
$12,800
Tax year 2024
Assessed value
$400,000
Assessed 2024
Previous assessed
$450,400
-11.2% YoY
Effective rate
3.20%
On assessed value
Assessed land
$65,880
Assessed improvement
$334,120
Land market value
$164,700
Improvement market value
$835,300
Total market value
$1,000,000
Applied tax rate
10.0000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1994
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 228
UPID
US22-0116694
Jurisdiction
GWINNETT
Zoning & alternative use
LM-LIGHT MANUFACTURING · Snellville, GA
Zoning LM-LIGHT MANUFACTURING · permitted uses
LM-LIGHT MANUFACTURING · Snellville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Snellville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$910,000
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
1994
Heating
YES
Cooling
Yes
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Mullins & Kellis LLC
Entity
Mailing address
4041 COLHAM FRY RD, WATKINSVILLE, GA 30677-3341
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Sep 3, 2025
—
Mullins & Kellis LLC
—
Deed
related
$400,000 · Ameris Bank
Sep 22, 2022
—
Mullins & Kellis LLC
—
Deed
related
$200,000 · Ameris Bank
Sep 15, 2022
—
Mullins & Kellis LLC
—
Deed
related
$980,000 · Ameris Bank
Feb 12, 2018
—
Mullins & Kellis LLC
Wells Fargo Bk NA
Quit Claim Deed
related
—
Nov 13, 2017
—
Mullins
—
Deed
related
$959,000 · Ameris Bank
—
—
Mullins & Kellis LLC
—
Deed Of Trust
related
$1,213,600 · First South Bank
—
—
Mullins & Kellis LLC
—
Deed Of Trust
related
$1,213,600 · First South Bank
—
—
Mullins & Kellis LLC
—
Deed Of Trust
related
$658,111 · First South 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.
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 3235 Industrial Way?
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.
