4561 Greer Cir Stone Mountain, GA 30083-1007
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$21.57M
Range $19.41M – $23.72M (±10%)
Implied cap rate
5.20%
In-place · NOI ÷ last sale
Property ID
US22-3883639
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Total area
181,792 SF
Lot
14.42 ac (628,135 SF)
Zoning code
C-2
APN
18 170 02 024
UPID
US22-3883639
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Warehouse & Storage
-
Warehouse & Storage
-
Industrial Manufacturer Production Facility
-
Warehouse & Storage
-
Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.53M
Comparable Approach
Comparable
$19.79M
Blend (final)
Blend
$21.57M
Owner & transaction history
since 2021
Last sale
$23.0M
2 recorded transactions
Zoning & alternative use
C-2 · Stone Mountain, GA
Top alternative use upside
Neighborhood: shopping center
$34.2M
+56.3%
Medical building
$34.2M
+55.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$21.57M
Value range
$19.41M – $23.72M
±10% around blend
Estimated value / SF
$119 / SF
Confidence
High
7 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
70
$19.41M
blend $21.57M
$23.72M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
181,792 SF
Lot area
14.42 ac
Year built
2018
APN
18 170 02 024
Assessed value
$6,177,480
Annual tax
$310,357
3
Income approach: direct capitalization
Partial preview
Income approach indication
$20.53M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$22.24M
@ 6.5% CAP return
$20.53M
@ 7% CAP return
$19.07M
4
Sales comparison
Partial preview
Sales approach indication
$28.44M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.9 mi away · 209,592 SF
16.8 mi away · 136,512 SF
18.0 mi away · 148,200 SF
18.6 mi away · 157,845 SF
20.7 mi away · 191,673 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$21.57M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$121
-2%
Submarket 25 sales
$122
-3%
County 267 sales
$140
-15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $119/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+56%
vs current-use indication
Medical Building
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
5.20%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.20%
9.0%
NOI (est.)
$1.61M *
Last sale · Sep 2021
$22.97M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$30.92M
Move the market yield to see immediate price impact.
Value / SF
$170
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.70%5.20%5.70%
$1.45M
$30.79M
$27.83M
$25.39M
$1.61M
$34.21M
$30.92M
$28.21M
$1.77M
$37.63M
$34.01M
$31.03M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$27.08M
6.2 mi · Feb 2026 · $169/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$310,357
Tax year 2024
Assessed value
$6,177,480
Assessed 2024
Previous assessed
$9,173,440
-32.7% YoY
Effective rate
5.02%
On assessed value
Assessed land
$247,099
Assessed improvement
$5,930,381
Land market value
$617,748
Improvement market value
$14,825,952
Total market value
$15,443,700
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
NONE
Total area
181,792 SF
Lot
14.42 ac (628,135 SF)
Zoning code
C-2
APN
18 170 02 024
UPID
US22-3883639
Jurisdiction
DE KALB
Zoning & alternative use
C-2 · Stone Mountain, GAZoning C-2 · permitted uses
C-2 · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Lot
14.42 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-2
Jurisdiction
Stone Mountain, GA
Recorded code
C-2
Ownership Intelligence
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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