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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Distribution centers
324 Davis Rd Lagrange, GA 30241-2555
Entity Owned
5-yr Hold
Free & Clear
Property ID
US22-1342892
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1996
Total area
6,561 SF
Lot
7.16 ac (311,890 SF)
Zoning code
01-GI
APN
0393 000049
UPID
US22-1342892
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
-
Southland Propane Service, Inc. Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$508k
Blend (final)
Blend
$505k
Owner & transaction history
Ez Rhino LLC · 5 yrs held
Ez Rhino LLC
since 2021
7 recorded transactions
Zoning & alternative use
01-GI · Lagrange, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$715,000
+137.1%
Commercial (general)
$645,000
+113.7%
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 Lagrange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lagrange 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%
$590,000
6.5%
$545,000
7%
$510,000
Alternative Use
Use
Estimation
RETAIL STORES
$715,000
Change: +137% · Conversion: Moderate
COMMERCIAL (GENERAL)
$645,000
Change: +114% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$77 / 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
$6,890
Tax year 2023
Assessed value
$252,640
Assessed 2023
Previous assessed
$252,640
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$128,880
Assessed improvement
$123,760
Land market value
$322,200
Improvement market value
$309,400
Total market value
$631,600
Applied tax rate
1.0000
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
1996
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
3
Total area
6,561 SF
Lot
7.16 ac (311,890 SF)
Zoning code
01-GI
APN
0393 000049
UPID
US22-1342892
Jurisdiction
TROUP
Zoning & alternative use
01-GI · Lagrange, GA
Zoning 01-GI · permitted uses
01-GI · Lagrange, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lagrange. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$645,000
RETAIL STORES
COMMERCIAL (GENERAL)
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
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
7.16 ac
Current owner
From public records · entity-resolved
Ez Rhino LLC
Entity
Free & Clear · 5 yrs held
Mailing address
324 S DAVIS RD, LAGRANGE, GA 30241-2555
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2021
—
Ez Rhino LLC
Charles M Arrington
Quit Claim Deed
related
—
Oct 28, 2016
—
Charles M Arrington
—
Trustees Deed
related
$100,000 · Calumet Bk
Feb 3, 2016
—
Charles M Arrington
Arrington,greg
Quit Claim Deed
related
—
May 6, 2015
—
Arrington Charles L Greg|arrington David
—
Trustees Deed
related
$99,900 · Lagrange Bkng
Sep 24, 2010
—
Charles L Arrington
—
Loan Modification
related
$2,000,000 · Lagrange Banking Co
Jun 28, 2007
$190,000
David J Ring III
Arrington,charles L
Grant Deed
related
—
—
—
Charles M Arrington
—
Loan Modification
related
$179,850 · Calumet Bk
—
—
Charles L Arrington
—
Loan Modification
related
$384,940 · Lagrange Banking Co
—
—
Arrington,charles L & Greg
—
Loan Modification
related
$384,940 · Lagrange Bkng
—
—
Mid-south Mechanical INC
—
Loan Modification
related
$1,000,000 · Lagrange Banking Co
—
—
Charles L Arrington
—
Deed Of Trust
related
$384,940 · Citizens Bank
—
—
Arrington Charles L Greg|arrington David
—
Loan Modification
related
$384,940 · Lagrange Bkng
—
—
Charles M Arrington
—
Loan Modification
related
$225,000 · Calumet Bk
—
—
Charles M Arrington
—
Deed Of Trust
related
$207,663 · Calumet Bk
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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