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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Distribution centers
40 Grogan Dr Dawsonville, GA 30534-1004
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2711382
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2017
Construction
STEEL FRAME
Total area
12,000 SF
Lot
1.8 ac (78,408 SF)
Zoning code
C-IR
APN
106 070
UPID
US22-2711382
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
-
South East Body Fat Test Consultant
-
Dawson CrossFit Gym & Fitness Center
-
Dawson Sports And Wellness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$935k
Blend (final)
Blend
$855k
Owner & transaction history
Monolith Hospitality LLC · 16 yrs held
Monolith Hospitality LLC
since 2009
7 recorded transactions
Zoning & alternative use
C-IR · Dawsonville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+140.7%
Commercial (general)
$1.2M
+110.9%
Auto repair, garage
$1.0M
+74.1%
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 Dawsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dawsonville 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
WAREHOUSE, STORAGE
$580,000
Current use
RESTAURANT
$1,400,000
Change: +141% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,225,000
Change: +111% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,010,000
Change: +74% · Conversion: Easy
RETAIL STORES
$930,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$71 / 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
$6,080
Tax year 2023
Assessed value
$368,360
Assessed 2023
Previous assessed
$368,360
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$49,680
Assessed improvement
$318,680
Land market value
$124,200
Improvement market value
$796,700
Total market value
$920,900
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
2017
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Total area
12,000 SF
Lot
1.8 ac (78,408 SF)
Zoning code
C-IR
APN
106 070
UPID
US22-2711382
Jurisdiction
DAWSON
Zoning & alternative use
C-IR · Dawsonville, GA
Zoning C-IR · permitted uses
C-IR · Dawsonville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dawsonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$580,000
RESTAURANT
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$930,000
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2017
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Lot
1.8 ac
Current owner
From public records · entity-resolved
Monolith Hospitality LLC
Entity
Mailing address
68 GROGAN DR, DAWSONVILLE, GA 30534-1004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2022
—
E R Sutton Investments LLC
—
Deed
related
$758,949 · River City Bank
Aug 22, 2022
—
Er Sutton Investments LLC
—
Deed
related
$758,949 · River Cities Bank
Aug 18, 2017
—
Er Sutton Investments LLC
—
Deed
related
$400,000 · The Citizens Bank Of Forsyth County
May 23, 2017
—
E R Sutton Investments LLC
—
Deed
related
$792,999 · Southern Bk
Nov 20, 2009
$550,000
Monolith Hospitality LLC
United Communnity Bank
Grant Deed
$440,000 · United Community Bank
Dec 13, 2007
—
Grizzle Road Dev LLC
United Community Bank
Quit Claim Deed
related
—
Oct 26, 2007
$124,000
Kindred Property Grp LLC
Grizzle Road Develoopment
Grant Deed
—
Aug 31, 2006
$995,472
Grizzle Road Development LLC
Wallace,brothers LLP
Grant Deed
—
Jul 27, 2006
$959,400
Wallace Brothers LLP
Mcadams,mildred B
Warranty Deed
related
$813,150 · United Community Bank
Jul 14, 2006
$959,400
Brothers LLP Wallace
Mills,deborah S
Grant Deed
—
—
—
Monolith Companies LLC
—
Deed Of Trust
related
$270,705 · Foothills Community Bank
—
—
E R Sutton Investments LLC
—
Deed Of Trust
related
$792,999 · Southern 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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