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Property profile & analytics
OFF-MARKET
Estimated value
$97,115,000
Industrial properties
4388 Lunsford Dr Ellenwood, GA 30294
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US22-2207131
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2018
Total area
797,738 SF
Lot
54.98 ac (2,394,972 SF)
Zoning code
WH
APN
12-234B- A-001
UPID
US22-2207131
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$85.27M
Blend (final)
Blend
$97.12M
Owner & transaction history
Development Authority Of Clayt · 8 yrs held
Development Authority Of Clayt
since 2018
7 recorded transactions
Zoning & alternative use
WH · Ellenwood, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$131.9M
+10.8%
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 Ellenwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellenwood 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$119,100,000
Current use
OFFICE BUILDING
$131,915,000
Change: +11% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$112,675,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$110,605,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$97.12M
Range $87.40M – $106.83M · ±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
$122 / 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
$459,061
Tax year 2024
Assessed value
$18,458,320
Assessed 2024
Previous assessed
$17,798,560
+3.7% YoY
Effective rate
2.49%
On assessed value
Assessed land
$2,199,240
Assessed improvement
$16,259,080
Land market value
$5,498,100
Improvement market value
$40,647,700
Total market value
$46,145,800
Applied tax rate
8.0000
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
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2018
Heating
NONE
Total area
797,738 SF
Lot
54.98 ac (2,394,972 SF)
Zoning code
WH
APN
12-234B- A-001
UPID
US22-2207131
Jurisdiction
CLAYTON
Zoning & alternative use
WH · Ellenwood, GA
Zoning WH · permitted uses
WH · Ellenwood, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellenwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$119.1M
OFFICE BUILDING
Est. value
$131.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$112.7M
WAREHOUSE, STORAGE
Est. value
$110.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Heating
NONE
Lot
54.98 ac
Current owner
From public records · entity-resolved
Development Authority Of Clayt
Entity
Mailing address
PO BOX 460389, HOUSTON, TX 77056-8389
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
—
Bcdpf Clayton Commerce Center
—
Deed
related
$475,000,000 · Jp Morgan Chase Bank
Jun 27, 2018
—
Development Authority Of Clayt
Bouldercrest Ablp Cf LLC
Grant Deed
related
$38,000,000 · First Com'l Bk
Mar 30, 2017
$3,500,000
Development Authority Of Clayton
Bouldercrest Ablp Cf LLC
Trustees Deed
$38,000,000 · First Com'l Bk
Jan 3, 2017
$3,500,000
Bouldercrest Ablp Cf LLC
Anvil Block Land Partners LLC
Trustees Deed
$24,170,000 · Bank Of America
Feb 12, 2015
—
Anvil Block Land Partners LLC
Atl 1q11 Adc LLC
Quit Claim Deed
related
$249,500 · Private Bk/buckhead
Feb 12, 2015
$350,000
Anvil Block Land Partners LLC
Atl 1q11 Adc LLC
Grant Deed
—
Jul 26, 2012
—
Atl 1q11 Adc LLC
Anvil Block Road LLC
Deed In Lieu Of Foreclosure
related
—
Nov 19, 2008
—
Clayton County Ga
Anvil Block Road LLC
Grant Deed
related
—
Sep 2, 2005
$2,279,200
Anvil Block Road LLC
Anvil Block Associates
Warranty Deed
related
$2,052,000 · Branch Bk&tr
—
—
Anvil Block Land Partners LLC
—
Deed Of Trust
related
$406,250 · Private Bk/buckhead
—
—
Development Authority Of Clayton
—
Loan Modification
related
$38,000,000 · First Com'l 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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