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Property profile & analytics
OFF-MARKET
Estimated value
$2,265,000
Refrigerated & Cold Storage
3875 Cornelia Hwy Lula, GA 30554-2524
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-4641766
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2023
Total area
51,100 SF
Lot
52.25 ac (2,276,010 SF)
Zoning code
PID
APN
15-007 -000-276
UPID
US22-4641766
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
$2.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$2.27M
Owner & transaction history
Ga Lula Cornelia Hwy LLC · 4 yrs held
Ga Lula Cornelia Hwy LLC
since 2022
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
PID · Lula, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.7M
+10.9%
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 Lula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lula 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
$1,785,000
ML approach
$2,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,350,000
Current use
MEDICAL BUILDING
$3,715,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.49M · ±10% · vs last sale $2.19M (Jun 6 2022)
Last sale anchor
$2.19M
Jun 6 2022
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
$44 / 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
$47,509
Tax year 2024
Assessed value
$1,925,800
Assessed 2024
Previous assessed
$542,960
+254.7% YoY
Effective rate
2.47%
On assessed value
Assessed land
$542,960
Assessed improvement
$1,382,840
Land market value
$1,357,400
Improvement market value
$3,457,100
Total market value
$4,814,500
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
2023
Heating
NONE
Total area
51,100 SF
Lot
52.25 ac (2,276,010 SF)
Zoning code
PID
APN
15-007 -000-276
UPID
US22-4641766
Jurisdiction
HALL
Zoning & alternative use
PID · Lula, GAZoning PID · permitted uses
PID · Lula, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.7M
WAREHOUSE, STORAGE Current
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
2023
Heating
NONE
Lot
52.25 ac
Current owner
From public records · entity-resolved
Ga Lula Cornelia Hwy LLC
Entity
Free & Clear · 4 yrs held
Mailing address
201 RIVERPLACE STE #400, GREENVILLE, SC 29601-2591
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2022
—
Ga Lula Cornelia Hwy LLC
Ivie Investment Re LLC
Warranty Deed
—
Nov 1, 2012
—
J Russell Ivie
Chambers,m Lanier
Quit Claim Deed
related
—
Mar 2, 2012
$44,300
Ncp Holdings LLC
Ivie,j Russell
Warranty Deed
related
—
May 30, 2006
$776,275
J Russell Ivie
Hall,tlp G Lllp
Grant Deed
—
—
—
James R Ivie SR.
—
Deed Of Trust
related
$1,345,775 · Branch Banking & Trust Co
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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