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Property profile & analytics
OFF-MARKET
Manufacturing properties
450 Westfork Blvd Lithia Springs, GA 30122-4130
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0808115
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2003
Construction
CONCRETE
Total area
5,040 SF
Lot
0.91 ac (39,640 SF)
Zoning code
2
APN
0373-18-2- -00012
UPID
US22-0808115
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jeffery R Watson · 12 yrs held
Jeffery R Watson
since 2014
7 recorded transactions
Zoning & alternative use
2 · Lithia Springs, 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 Lithia Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithia Springs 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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,521
Tax year 2024
Assessed value
$175,480
Assessed 2024
Previous assessed
$175,480
+0.0% YoY
Effective rate
3.15%
On assessed value
Assessed land
$57,920
Assessed improvement
$117,560
Land market value
$144,800
Improvement market value
$293,900
Total market value
$438,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
5,040 SF
Lot
0.91 ac (39,640 SF)
Zoning code
2
APN
0373-18-2- -00012
UPID
US22-0808115
Jurisdiction
DOUGLAS
Zoning & alternative use
2 · Lithia Springs, GA
Zoning 2 · permitted uses
2 · Lithia Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lithia Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Jeffery R Watson
Individual
Free & Clear · 12 yrs held
Mailing address
719 CHANSON DR SW, MARIETTA, GA 30064-1585
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2014
$165,000
Jeffery R Watson
State Bk & Trust Co
Grant Deed
—
Dec 3, 2013
$345,000
State Bk & Trust Co
American Specialties Co INC
Warranty Deed
related
—
Mar 3, 2009
—
American Specialties Co INC
—
Trustees Deed
related
$1,500,548 · Magnet Bank Fsb
Oct 29, 2008
—
American Specialties Co INC
Davidson,ronnie G
Grant Deed
related
—
Oct 20, 2008
$1,500,000
American Specialties Co INC
Davidson,ronnie G
Grant Deed
—
Apr 18, 2007
$1,100,000
Davidson,ronnie G
Ronnie G
Grant Deed
related
$1,500,000 · Magnet Bank Fsb
—
—
American Specialties Co INC
—
Deed Of Trust
related
$1,500,548 · State Bank & Trust
—
—
American Specialties Co INC
—
Deed Of Trust
related
$1,500,000 · Security Bank
—
—
Ronnie G Davidson
—
Deed Of Trust
related
$1,500,000 · Secu
—
—
American Specialties Co INC
—
Deed Of Trust
related
$1,500,550 · Security Bank Of Bibb
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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