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Property profile & analytics
OFF-MARKET
Warehouses
431 Fair SW St Atlanta, GA 30313-1203
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0789690
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Construction
WOOD
Total area
7,534 SF
Lot
0.18 ac (7,667 SF)
Zoning code
I1
APN
14 008400100693
UPID
US22-0789690
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
-
Fair Street Studios Coworking & Hybrid Office
-
Chase Anderson Photo (Bike/Boat/Book/etc) Store Photography Service
-
Kendrick Anderson Furniture Maker Production Facility Furniture & Home Goods
-
Hancock Surface Studio Art Studio
-
Hancock Fine Furniture Big Box & Wholesale Store Furniture & Home Goods
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
Fair Street Partners LLC · 10 yrs held
Fair Street Partners LLC
since 2015
7 recorded transactions
Zoning & alternative use
I1 · Atlanta, 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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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 2023Property tax & assessments
Tax year 2023
Assessed value
$137,920
Assessed 2024
Previous assessed
$134,000
+2.9% YoY
Assessed land
$110,800
Assessed improvement
$27,120
Land market value
$277,000
Improvement market value
$67,800
Total market value
$344,800
Applied tax rate
5.0000
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
1950
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
7,534 SF
Lot
0.18 ac (7,667 SF)
Zoning code
I1
APN
14 008400100693
UPID
US22-0789690
Jurisdiction
FULTON
Zoning & alternative use
I1 · Atlanta, GA
Zoning I1 · permitted uses
I1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Fair Street Partners LLC
Entity
Mailing address
1357 BROWN RDG LN, LAWRENCEVILLE, GA 30043-3903
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2016
—
Fair Street Realty LLC
—
Deed
related
$1,425,000 · Citizens Tr Bk Mtg Svcs
Oct 22, 2015
—
Fair Street Partners LLC
Anderson,karen & Charles
Quit Claim Deed
related
—
Jul 30, 2015
—
Karen Anderson
Anderson,karen
Quit Claim Deed
related
—
Jun 12, 2015
$335,000
Karen B Anderson
State Bk & Trust Co
Grant Deed
—
Nov 24, 2014
$410,000
State Bk & Trust Co
Slw Partners LP
Trustees Deed
related
—
Dec 7, 2007
—
Slw Partners
—
Trustees Deed
related
$355,414 · Buckhead Cmnty Bk
—
—
Partners L P Slw
—
Deed Of Trust
related
$355,414 · Buckhead Community Bank
—
—
Fair Street Realty LLC
—
Deed Of Trust
related
$1,425,000 · Citizens Tr Bk Mtg Svcs
—
—
Slw Partners LP
—
Deed Of Trust
related
$295,000 · Business Dev Corp Ga
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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