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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Industrial properties
403 Matthews School Rd Winder, GA 30680-3844
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-0620201
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2004
Construction
STEEL FRAME
Total area
6,000 SF
Lot
4.7 ac (204,732 SF)
Zoning code
M-1
APN
XX051 078
UPID
US22-0620201
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$935k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$808k
Blend (final)
Blend
$810k
Owner & transaction history
Dexter Enterprises Ga LLC · 3 yrs held
Dexter Enterprises Ga LLC
since 2023
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
M-1 · Winder, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$865,000
+47.5%
Commercial (general)
$830,000
+41.9%
Auto repair, garage
$785,000
+34.0%
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 Winder submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winder 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
$955,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$585,000
Current use
RETAIL STORES
$865,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$830,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$785,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$610,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $800k (Apr 14 2023)
Last sale anchor
$800k
Apr 14 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
$135 / 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
$6,469
Tax year 2024
Assessed value
$260,472
Assessed 2024
Previous assessed
$260,872
-0.2% YoY
Effective rate
2.48%
On assessed value
Assessed land
$133,600
Assessed improvement
$126,872
Land market value
$334,000
Improvement market value
$317,180
Total market value
$651,180
Applied tax rate
6.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
4
Total area
6,000 SF
Lot
4.7 ac (204,732 SF)
Zoning code
M-1
APN
XX051 078
UPID
US22-0620201
Jurisdiction
BARROW
Zoning & alternative use
M-1 · Winder, GAZoning M-1 · permitted uses
M-1 · Winder, 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
INDUSTRIAL (GENERAL) Current
Est. value
$585,000
RETAIL STORES
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$785,000
WAREHOUSE, STORAGE
Est. value
$610,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
4.7 ac
Current owner
From public records · entity-resolved
Dexter Enterprises Ga LLC
Entity
Mailing address
PO BOX 2377, LOGANVILLE, GA 30052-1948
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2023
$800,000
Dexter Enterprises Ga LLC
Sonja Suzanne Joyner
Warranty Deed
$680,000 · Pinnacle Bank
May 25, 2018
$418,000
Sonja S Joyner
Williams,michael A
Warranty Deed
$292,600 · Michael A Williams
May 31, 2013
$177,100
Michael A Williams
Certusbank NA
Grant Deed
—
May 31, 2013
—
Certusbank NA
Hometown Cmnty Bk
Grant Deed
related
—
Mar 2, 2010
—
Hometown Community Bank
Jennas,commercial Properti
Grant Deed
related
—
Jun 10, 2004
$50,000
J & R Homebuilders LLC
Dunahoo,wt
Warranty Deed
$150,000 · Main Street Bk
—
—
Commercial Properties L Jennas
—
Deed Of Trust
related
$425,000 · Hometown Community Bank
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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