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Property profile & analytics
OFF-MARKET
Estimated value
$8,830,000
Warehouses
401 Thornton Rd Lithia Springs, GA 30122-1557
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0102905
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
CONCRETE
Total area
87,605 SF
Lot
5.27 ac (229,561 SF)
Zoning code
PUD
APN
0372-18-2- -00002
UPID
US22-0102905
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
-
New Leaf Distributing Distribution Center Logistics Company
-
Al Wali Inc Logistics Company
-
Pari Publishing Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.70M
CAP Approach
CAP
$9.90M
Comparable Approach
Comparable
$8.75M
Blend (final)
Blend
$8.83M
Owner & transaction history
Bvi 401 Thornton Road LLC · 2 yrs held
Bvi 401 Thornton Road LLC
since 2023
Last sale
$8.9M
7 recorded transactions
Zoning & alternative use
PUD · Lithia Springs, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.3M
+56.1%
Auto repair, garage
$10.8M
+36.6%
Neighborhood: shopping center
$10.1M
+28.4%
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 Lithia Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithia Springs 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
$6,195,000
ML approach
$7,695,000
CAP Approach
CAP Return
Estimation
6%
$10,720,000
6.5%
$9,895,000
7%
$9,185,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,895,000
Current use
RETAIL STORES
$12,320,000
Change: +56% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,780,000
Change: +37% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$10,135,000
Change: +28% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$7,825,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$8.83M
Range $7.95M – $9.71M · ±10% · vs last sale $8.91M (Oct 6 2023)
Last sale anchor
$8.91M
Oct 6 2023
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
$101 / 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
$77,729
Tax year 2024
Assessed value
$2,470,480
Assessed 2024
Previous assessed
$1,533,600
+61.1% YoY
Effective rate
3.15%
On assessed value
Assessed land
$263,520
Assessed improvement
$2,206,960
Land market value
$658,800
Improvement market value
$5,517,400
Total market value
$6,176,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
87,605 SF
Lot
5.27 ac (229,561 SF)
Zoning code
PUD
APN
0372-18-2- -00002
UPID
US22-0102905
Jurisdiction
DOUGLAS
Zoning & alternative use
PUD · Lithia Springs, GAZoning PUD · permitted uses
PUD · Lithia Springs, 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
$7.9M
RETAIL STORES
Est. value
$12.3M
AUTO REPAIR, GARAGE
Est. value
$10.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
INDUSTRIAL (GENERAL)
Est. value
$7.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (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
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
5.27 ac
Current owner
From public records · entity-resolved
Bvi 401 Thornton Road LLC
Entity
Free & Clear · 2 yrs held
Mailing address
250 VESEY ST, NEW YORK, NY 10281-1052
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
$8,905,000
Bvi 401 Thornton Road LLC
Moksha LLC
Limited Warranty Deed
—
Oct 6, 2023
—
Bv1 401 Thornton Road LLC
Moksha LLC
Quit Claim Deed
related
—
Oct 6, 2023
$48,000,000
Mosksha LLC
Town Bank NA
Quit Claim Deed
related
—
Apr 19, 2022
—
Moksha LLC
—
Deed
related
$16,000,000 · Town Bank
Sep 24, 2020
—
Moksha LLC
—
Deed
related
$23,000,000 · Pnc Bk
Apr 29, 2019
—
Moksha LLC
—
Deed Of Trust
related
$18,000,000 · Pnc Bk
May 9, 2018
—
Moksha LLC
—
Loan Modification
related
$5,500,000 · Bank Of America/il
Dec 2, 2016
—
Moksha LLC
—
Deed
related
$2,750,000 · Bank Of America
Jun 5, 2006
$2,500,000
Moksha LLC
New Leaf Distributing Co
Warranty Deed
—
—
—
Moksha LLC
—
Deed Of Trust
related
$3,516 · Bank Of America
—
—
New Leaf Distributing Co
—
Deed Of Trust
related
$2,224,999 · Padma LLC
—
—
Moksha LLC
—
Loan Modification
related
$2,750,000 · Bank Of America
—
—
Moksha LLC
—
Loan Modification
related
$23,000,000 · Pnc 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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