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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Manufacturing properties
402 George Mathews Dr, Cordele, GA 31015-7726
Entity Owned
16-yr Hold
Free & Clear
Property ID
US22-2919659
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Construction
STEEL FRAME
Total area
148,000 SF
Lot
32.77 ac (1,427,461 SF)
Zoning code
INDUSTRIAL
APN
C43B-002
UPID
US22-2919659
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
-
Goldens' Foundry & Machine Co Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.24M
Owner & transaction history
Gfmco LLC · 16 yrs held
Gfmco LLC
since 2009
5 recorded transactions
Zoning & alternative use
INDUSTRIAL · Cordele, 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 Cordele submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cordele 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
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$8 / 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
$17,526
Tax year 2024
Assessed value
$489,051
Assessed 2024
Previous assessed
$568,334
-14.0% YoY
Effective rate
3.58%
On assessed value
Assessed land
$105,540
Assessed improvement
$383,511
Land market value
$263,850
Improvement market value
$958,777
Total market value
$1,222,627
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
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Total area
148,000 SF
Lot
32.77 ac (1,427,461 SF)
Zoning code
INDUSTRIAL
APN
C43B-002
UPID
US22-2919659
Jurisdiction
CRISP
Zoning & alternative use
INDUSTRIAL · Cordele, GA
Zoning INDUSTRIAL · permitted uses
INDUSTRIAL · Cordele, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cordele. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Lot
32.77 ac
Current owner
From public records · entity-resolved
Gfmco LLC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 96, COLUMBUS, GA 31902-0096
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2009
$2,000,000
Gfmco LLC
Goldens Foundry & Machince Company
Deed
—
Dec 31, 2009
—
Gfmco LLC
Goldens Foundry & Machine Company
Quit Claim Deed
related
—
Dec 1, 2009
$3,500,000
Columbus Bank & Trust Company
Goldens Foundry & Machine Company
Foreclosure
related
—
Dec 29, 2006
—
Crisp County Cordele Industria
Foundry Goldens
Deed
—
Nov 30, 2006
$1,210,000
Goldens Foundry & Machine Co
Wescast Industries Cordele
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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