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Property profile & analytics
OFF-MARKET
Estimated value
$42,220,000
Warehouses
4437 Park Dr, Norcross, GA 30093-2966
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-0057950
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1978
Total area
72,536 SF
Lot
4.56 ac (198,634 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6201 026
UPID
US22-0057950
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
-
DHL HQ SITE Freight Service Logistics Company
-
alkmy General Contractor
-
Marmoluna Tile and Stone Warehouse & Storage
-
DHL Express Service Point Norcross Shipping Company Freight Service
-
Jen & Co. Wholesale - Handbags Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$42.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$42.22M
Owner & transaction history
Atlas Atlanta 2 Park LLC · 2 yrs held
Atlas Atlanta 2 Park LLC
since 2024
Last sale
$42.2M
7 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$37.7M
+134.9%
Auto repair, garage
$32.4M
+101.8%
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 Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross 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
$42,220,000
ML approach
$42,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$37,735,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$32,415,000
Change: +102% · Conversion: Easy
Blend value · Realmo final
$42.22M
Range $38.00M – $46.44M · ±10% · vs last sale $42.22M (Jun 20 2024)
Last sale anchor
$42.22M
Jun 20 2024
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
$582 / 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
$77,591
Tax year 2024
Assessed value
$4,177,680
Assessed 2024
Previous assessed
$1,885,920
+121.5% YoY
Effective rate
1.86%
On assessed value
Assessed land
$536,320
Assessed improvement
$3,641,360
Land market value
$1,340,800
Improvement market value
$9,103,400
Total market value
$10,444,200
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1978
Heating
YES
Cooling
NONE
Stories
1
Total area
72,536 SF
Lot
4.56 ac (198,634 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6201 026
UPID
US22-0057950
Jurisdiction
GWINNETT
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Zoning M1-LIGHT INDUSTRY · permitted uses
M1-LIGHT INDUSTRY · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$37.7M
AUTO REPAIR, GARAGE
Est. value
$32.4M
RESTAURANT
AUTO REPAIR, GARAGE
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
1978
Heating
YES
Cooling
Yes
Stories
1
Lot
4.56 ac
Current owner
From public records · entity-resolved
Atlas Atlanta 2 Park LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4437 PARK DR STE #3300, NORCROSS, GA 30093-2966
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jun 20, 2024
—
Atlas Atlanta 2 Park LLC
Yaman Shukairy
Quit Claim Deed
related
—
Jun 20, 2024
$42,221,280
Atlas Atlanta 2 Park LLC
Yaman Shukairy
Warranty Deed
—
Nov 8, 2019
$71,250,000
Dogwood Propco II LP
Gwinnett Park Spe LLC
Grant Deed
$25,000 · Wells Fargo Bk
Sep 30, 2013
—
Gwinnett Park Spe LLC
Svn Gwinnett Park LLC
Quit Claim Deed
related
$31,000,000 · Cibc INC
Jul 31, 2007
$3,628,100
Svn Gwinnett Park LLC
Windsor Of Gwinnett Park 4437 LLC
Grant Deed
—
Jul 24, 2007
$3,628,096
Svn Gwinnett Park LLC
Windsor,at Gwinnett Park 4
Grant Deed
—
Oct 1, 2004
$3,050,000
Windsor At Gwinnett Park 4437 Ll
Duke Realty
Grant 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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