New search
Property profile & analytics
FOR LEASE
Warehouses
4487 Park Dr, Norcross, GA 30093
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-0037452
For Lease
1 / 3
$42,220,000
4487 Park Dr, Norcross, GA 30093
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1978
Total area
93,050 SF
Lot
5.49 ac (239,144 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6201 106
UPID
US22-0037452
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
-
Lash Bar Hair Salon Nail Salon
-
Helping Mamas Charitable Organization Social Service Agency
-
Xef Geo Sushi Restaurant
-
JQ Salon by Javier Quiles Hair Salon
-
AMBI wellness spa massage & beauty Spa & Massage Center
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
5 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$48.4M
+134.9%
Auto repair, garage
$41.6M
+101.8%
Medical building
$29.8M
+44.7%
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
$48,405,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$41,580,000
Change: +102% · Conversion: Easy
MEDICAL BUILDING
$29,810,000
Change: +45% · Conversion: Difficult
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
$454 / 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
$130,498
Tax year 2024
Assessed value
$3,210,400
Assessed 2024
Previous assessed
$3,210,400
+0.0% YoY
Effective rate
4.06%
On assessed value
Assessed land
$549,000
Assessed improvement
$2,661,400
Land market value
$1,372,500
Improvement market value
$6,653,500
Total market value
$8,026,000
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
For Lease
Year built
1978
Heating
NONE
Cooling
NONE
Stories
1
Total area
93,050 SF
Lot
5.49 ac (239,144 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6201 106
UPID
US22-0037452
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
$48.4M
AUTO REPAIR, GARAGE
Est. value
$41.6M
MEDICAL BUILDING
Est. value
$29.8M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
NONE
Cooling
Yes
Stories
1
Lot
5.49 ac
Current owner
From public records · entity-resolved
Atlas Atlanta 2 Park LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4487 PARK DR STE #3300, NORCROSS, GA 30093-2964
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2024
$42,221,280
Atlas Atlanta 2 Park LLC
Yaman Shukairy
Warranty Deed
—
Jun 20, 2024
—
Atlas Atlanta 2 Park LLC
Yaman Shukairy
Quit Claim Deed
related
—
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
$5,063,800
Svn Gwinnett Park LLC
Windsor Of Gwinnett Park 4487 LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
