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Property profile & analytics
OFF-MARKET
Estimated value
$19,580,000
Warehouses
338 Industrial Blvd, Midway, GA 31320-5214
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-2423322
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Total area
177,455 SF
Lot
13.01 ac (566,716 SF)
Zoning code
I1
APN
242A 001
UPID
US22-2423322
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
-
Balta Rugs Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.58M
Owner & transaction history
Plymouth Midway Ga LLC · 6 yrs held
Plymouth Midway Ga LLC
since 2020
Last sale
$18.2M
6 recorded transactions
Zoning & alternative use
I1 · Midway, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$25.2M
+35.6%
Restaurant
$19.8M
+6.6%
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 Midway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midway 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
$22,440,000
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
$18,595,000
Current use
COMMERCIAL (GENERAL)
$25,220,000
Change: +36% · Conversion: Difficult
RESTAURANT
$19,825,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,115,000
Change: -3% · Conversion: Easy
RETAIL STORES
$17,090,000
Change: -8% · Conversion: Moderate
MEDICAL BUILDING
$16,210,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$19.58M
Range $17.62M – $21.54M · ±10% · vs last sale $18.15M (Jan 31 2020)
Last sale anchor
$18.15M
Jan 31 2020
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
$110 / 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
$46,088
Tax year 2023
Assessed value
$1,197,306
Assessed 2023
Previous assessed
$1,197,306
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$130,100
Assessed improvement
$1,067,206
Land market value
$325,250
Improvement market value
$2,668,014
Total market value
$2,993,264
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
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
1988
Heating
NONE
Buildings
2
Total area
177,455 SF
Lot
13.01 ac (566,716 SF)
Zoning code
I1
APN
242A 001
UPID
US22-2423322
Jurisdiction
LIBERTY
Zoning & alternative use
I1 · Midway, GA
Zoning I1 · permitted uses
I1 · Midway, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$18.6M
COMMERCIAL (GENERAL)
Est. value
$25.2M
RESTAURANT
Est. value
$19.8M
AUTO REPAIR, GARAGE
Est. value
$18.1M
RETAIL STORES
Est. value
$17.1M
MEDICAL BUILDING
Est. value
$16.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1988
Heating
NONE
Buildings
2
Lot
13.01 ac
Current owner
From public records · entity-resolved
Plymouth Midway Ga LLC
Entity
Free & Clear · 6 yrs held
Mailing address
5210 BELFORT RD STE #130, JACKSONVILLE, FL 32256-6023
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
$18,150,000
Plymouth Midway Ga LLC
Hk Midway LLC
Grant Deed
—
Dec 28, 2018
$7,220,300
Hk Midway LLC
Ig Design Group Americas INC
Grant Deed
$5,944,757 · Synovus Bk
Dec 28, 2018
—
Ig Design Group Americas INC
Hsbc Bk Plc
Quit Claim Deed
related
—
Jun 7, 2016
—
International Greetings USA In
Liberty County Indl Authority
Grant Deed
related
$83,265,000 · * Other Institutional Lenders
Aug 18, 2011
—
Greetings USA In International
—
Loan Modification
related
$48,640,000 · Hsbc Bank Plc
—
—
International Greetings USA In
—
Loan Modification
related
—
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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