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Property profile & analytics
OFF-MARKET
Distribution centers
400 Jerry Steele Ln Mcdonough, GA 30253-7688
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2633167
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2022
Construction
CONCRETE
Lot
17.05 ac (742,829 SF)
Zoning code
M1
APN
095-01003022
UPID
US22-2633167
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
-
Declaration Drive Logistics Phase II Warehouse & Storage
-
Regents Cabinets General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Srega400 Jerry Owner LLC · 1 yrs held
Srega400 Jerry Owner LLC
since 2024
Last sale
$27.5M
5 recorded transactions
Zoning & alternative use
M1 · Mcdonough, 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 Mcdonough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcdonough 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$159,926
Tax year 2024
Assessed value
$4,020,000
Assessed 2024
Previous assessed
$4,020,000
+0.0% YoY
Effective rate
3.98%
On assessed value
Assessed land
$627,680
Assessed improvement
$3,392,320
Land market value
$1,569,200
Improvement market value
$8,480,800
Total market value
$10,050,000
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
2022
Construction
CONCRETE
Heating
FORCED AIR
Cooling
NONE
Units
1
Lot
17.05 ac (742,829 SF)
Zoning code
M1
APN
095-01003022
UPID
US22-2633167
Jurisdiction
HENRY
Zoning & alternative use
M1 · Mcdonough, GA
Zoning M1 · permitted uses
M1 · Mcdonough, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcdonough. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Units
1
Lot
17.05 ac
Current owner
From public records · entity-resolved
Srega400 Jerry Owner LLC
Entity
Mailing address
1209 N ORANGE ST, WILMINGTON, DE 19801-1120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 13, 2024
$27,500,000
Srega400 Jerry Owner LLC
Declaration Drive Logistics II LLC
Deed
$65,000,000 · Metlife Real Estate Lending
Sep 22, 2023
—
Henry County
Declaration Drive Logistics II LLC
Quit Claim Deed
related
—
Apr 13, 2021
$1,309,200
Declaration Drive Logistics LLC
Stone Mountain Industrial Park INC
Limited Warranty Deed
—
Jan 14, 2020
$1,598
Declaration Drive Logistics Ll
Stone Mtn Indl Pk INC
Grant Deed
related
—
Oct 17, 2008
$112,365
Space Center Midway INC
Stone,mountain Industrial
Grant Deed
—
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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