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Property profile & analytics
FOR LEASE
Warehouses
460 Horizon Dr Suwanee, GA 30024
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-1529826
For Lease
1 / 16
$29,200,000
460 Horizon Dr, Suwanee, GA 30024
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2003
Total area
226,106 SF
Lot
18.45 ac (803,682 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R7171 026
UPID
US22-1529826
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
-
Outland Automotive Auto Parts Store
-
Truck Hero, Inc Industrial Manufacturer Production Facility
-
Jeep Collection Car Dealership Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$29.20M
CAP Approach
CAP
$25.54M
Comparable Approach
Comparable
$30.06M
Blend (final)
Blend
$29.20M
Owner & transaction history
460 Horizon Drive Investors LLC · 2 yrs held
460 Horizon Drive Investors LLC
since 2024
Last sale
$29.2M
3 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Suwanee, 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 Suwanee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Suwanee 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
$29,200,000
ML approach
$29,200,000
CAP Approach
CAP Return
Estimation
6%
$27,665,000
6.5%
$25,535,000
7%
$23,710,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$43,365,000
Current use
Blend value · Realmo final
$29.20M
Range $26.28M – $32.12M · ±10% · vs last sale $29.20M (May 28 2024)
Last sale anchor
$29.20M
May 28 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
$129 / 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
$207,390
Tax year 2024
Assessed value
$6,440,000
Assessed 2024
Previous assessed
$6,801,200
-5.3% YoY
Effective rate
3.22%
On assessed value
Assessed land
$853,880
Assessed improvement
$5,586,120
Land market value
$2,134,700
Improvement market value
$13,965,300
Total market value
$16,100,000
Applied tax rate
12.0000
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
2003
Heating
NONE
Cooling
NONE
Stories
1
Total area
226,106 SF
Lot
18.45 ac (803,682 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R7171 026
UPID
US22-1529826
Jurisdiction
GWINNETT
Zoning & alternative use
M1-LIGHT INDUSTRY · Suwanee, GA
Zoning M1-LIGHT INDUSTRY · permitted uses
M1-LIGHT INDUSTRY · Suwanee, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Suwanee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$43.4M
WAREHOUSE, STORAGE Current
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
2003
Heating
NONE
Cooling
Yes
Stories
1
Lot
18.45 ac
Current owner
From public records · entity-resolved
460 Horizon Drive Investors LLC
Entity
Mailing address
460 HORIZON DR, SUWANEE, GA 30024-3155
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2024
$29,200,000
460 Horizon Drive Investors LLC
Ada Property Management Company INC
Warranty Deed
$351,000 · Byline Bank
Sep 2, 2004
$8,985,000
Ada Property Management Co INC
Horizon Creek I
Grant Deed
related
$7,000,000 · Bank Of America
—
—
Ada Property Mgmt LLC
—
Deed Of Trust
related
$1,500,000 · Bank Of America
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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