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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Warehouses
397 Funderburg Dr Monticello, GA 31064-1438
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1452550
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Construction
STEEL FRAME
Total area
8,000 SF
Lot
0.72 ac (31,363 SF)
Zoning code
MONTICELLO
APN
M05A- -035
UPID
US22-1452550
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
-
M&M Used Cars Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$795k
Owner & transaction history
Joshua D Arnold · 11 yrs held
Joshua D Arnold
since 2014
5 recorded transactions
Zoning & alternative use
MONTICELLO · Monticello, 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 Monticello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monticello 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
OFFICE BUILDING
$1,105,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$780,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$725,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$99 / 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
$3,848
Tax year 2024
Assessed value
$130,720
Assessed 2024
Previous assessed
$93,240
+40.2% YoY
Effective rate
2.94%
On assessed value
Assessed land
$48,160
Assessed improvement
$82,560
Land market value
$120,400
Improvement market value
$206,400
Total market value
$326,800
Applied tax rate
2.0000
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
1998
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Total area
8,000 SF
Lot
0.72 ac (31,363 SF)
Zoning code
MONTICELLO
APN
M05A- -035
UPID
US22-1452550
Jurisdiction
JASPER
Zoning & alternative use
MONTICELLO · Monticello, GA
Zoning MONTICELLO · permitted uses
MONTICELLO · Monticello, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monticello. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$725,000
OFFICE BUILDING
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
1998
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Lot
0.72 ac
Current owner
From public records · entity-resolved
Joshua D Arnold
Individual
Mailing address
475 LANG RD, COVINGTON, GA 30014-6154
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Sep 15, 2014
$125,000
Joshua D Arnold
Hopkins,terrell D & Debra A
Grant Deed
$106,250 · Bank Of Monticello
Aug 29, 2007
$182,500
Terrell D Hopkins
Trans-world Properties LLC
Grant Deed
—
Feb 23, 2007
—
Trans-world Properties LLC
Smith,charles W
Quit Claim Deed
related
—
Dec 31, 2006
—
Trans World Properties LLC
Smith,charles W
Grant Deed
—
—
—
Terry Douglas Hopkins
—
Deed Of Trust
related
$160,000 · Bank Of Monticello
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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