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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Distribution centers
3515 Atlanta Industrial NW Pkwy Atlanta, GA 30331-1001
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1503203
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1986
Total area
33,883 SF
Lot
2.26 ac (98,620 SF)
Zoning code
I2
APN
17 026600020035
UPID
US22-1503203
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
-
Pilkington Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.23M
CAP Approach
CAP
$3.66M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$3.20M
Owner & transaction history
Atlanta Nlm Ll LLC · 4 yrs held
Atlanta Nlm Ll LLC
since 2021
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
I2 · Atlanta, 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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$3,275,000
ML approach
$3,225,000
CAP Approach
CAP Return
Estimation
6%
$3,960,000
6.5%
$3,655,000
7%
$3,395,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,900,000
Current use
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $3.15M (Dec 22 2021)
Last sale anchor
$3.15M
Dec 22 2021
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
$94 / 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
$21,266
Tax year 2023
Assessed value
$1,588,920
Assessed 2024
Previous assessed
$513,680
+209.3% YoY
Effective rate
1.34%
On assessed value
Assessed land
$122,280
Assessed improvement
$1,466,640
Land market value
$305,700
Improvement market value
$3,666,600
Total market value
$3,972,300
Applied tax rate
5.0000
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
1986
Heating
YES
Cooling
YES
Stories
1
Total area
33,883 SF
Lot
2.26 ac (98,620 SF)
Zoning code
I2
APN
17 026600020035
UPID
US22-1503203
Jurisdiction
FULTON
Zoning & alternative use
I2 · Atlanta, GA
Zoning I2 · permitted uses
I2 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.9M
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
1986
Heating
YES
Cooling
Yes
Stories
1
Lot
2.26 ac
Current owner
From public records · entity-resolved
Atlanta Nlm Ll LLC
Entity
Mailing address
280 PARK AVE, NEW YORK, NY 10017-1274
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$3,150,000
Atlanta Nlm Ll LLC
Tcd 216 Ga Property LLC
Warranty Deed
$293,382,016 · Mcmif Trust I
Oct 14, 2020
$1,900,000
Tcd 216 Ga Property LLC
Trea Infill Indl Atlanta LLC
Grant Deed
$46,378,725 · Metlife Com'l Mtg Originator L
Oct 5, 2020
$1,900,000
Tcd 216 Ga Property LLC
Trea Infill Industrial Atlanta LLC
Limited Warranty Deed
—
Feb 22, 2019
$1,442,000
Trea Infill Indl Atlanta LLC
Colfin Cobalt Owner III LLC
Grant Deed
—
Dec 29, 2014
$13,156,321
Colfin Cobalt Owner III LLC
Cir III-1 Reit
Trustees Deed
$1,132,750,000 · General Elec Cap
Oct 20, 2011
$10,000,000
III-i Reit Cir
Wri Of Atlanta Park LP
Grant Deed
—
Oct 20, 2011
—
III-1 Reit Cir
Wri Of Atlanta Park LP
Quit Claim Deed
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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