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Property profile & analytics
OFF-MARKET
Estimated value
$21,565,000
Warehouses
4561 Greer Cir, Stone Mountain, GA 30083-1007
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Greer Logistics Centre Warehouse & Storage
-
Industrial Valco Warehouse & Storage
-
Durham Geo Slope Indicator Industrial Manufacturer Production Facility
-
Anker International, LLC Warehouse & Storage
-
Durham Slope Indicator 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
Ga 4561 Greer Circle De LLC · 4 yrs held
Ga 4561 Greer Circle De LLC
since 2021
Last sale
$23.0M
2 recorded transactions
Zoning & alternative use
C-2 · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$34.2M
+56.3%
Medical building
$34.2M
+55.9%
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 Stone Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stone Mountain 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
$25,565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,240,000
6.5%
$20,530,000
7%
$19,065,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,910,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$34,240,000
Change: +56% · Conversion: Moderate
MEDICAL BUILDING
$34,150,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$21.57M
Range $19.41M – $23.72M · ±10% · vs last sale $22.97M (Sep 17 2021)
Last sale anchor
$22.97M
Sep 17 2021
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
$119 / 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
$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
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
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, GA
Zoning C-2 · permitted uses
C-2 · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stone Mountain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$21.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$34.2M
MEDICAL BUILDING
Est. value
$34.2M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Heating
NONE
Lot
14.42 ac
Current owner
From public records · entity-resolved
Ga 4561 Greer Circle De LLC
Entity
Mailing address
450 PARK AVE FL #9, NEW YORK, NY 10022-2741
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2021
$22,970,000
Ga 4561 Greer Circle De LLC
Greer Owner LLC
Limited Warranty Deed
$430,000,000 · Morgan Stanley Bank
Mar 5, 2020
—
Greer Owner LLC
—
Deed
related
$589,299,968 · Jp Morgan Chase Bank
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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