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Property profile & analytics
OFF-MARKET
Estimated value
$6,135,000
Distribution centers
4600 Frederick SW Dr Atlanta, GA 30336-1834
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0458707
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1971
Total area
49,111 SF
Lot
4.64 ac (202,249 SF)
Zoning code
M2
APN
14F0056 LL0553
UPID
US22-0458707
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
-
Pelton Shepherd Warehouse & Storage
-
American HVAC Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.43M
CAP Approach
CAP
$5.30M
Comparable Approach
Comparable
$5.86M
Blend (final)
Blend
$6.14M
Owner & transaction history
Frg X Ga2 LP · 4 yrs held
Frg X Ga2 LP
since 2022
Last sale
$6.0M
4 recorded transactions
Zoning & alternative use
M2 · Atlanta, 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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$6,280,000
ML approach
$6,430,000
CAP Approach
CAP Return
Estimation
6%
$5,740,000
6.5%
$5,300,000
7%
$4,920,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,150,000
Current use
Blend value · Realmo final
$6.14M
Range $5.52M – $6.75M · ±10% · vs last sale $6.05M (Jan 20 2022)
Last sale anchor
$6.05M
Jan 20 2022
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
$125 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$27,097
Tax year 2023
Assessed value
$1,204,520
Assessed 2024
Previous assessed
$960,000
+25.5% YoY
Effective rate
2.25%
On assessed value
Assessed land
$250,720
Assessed improvement
$953,800
Land market value
$626,800
Improvement market value
$2,384,500
Total market value
$3,011,300
Applied tax rate
55.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1971
Heating
YES
Buildings
2
Stories
1
Total area
49,111 SF
Lot
4.64 ac (202,249 SF)
Zoning code
M2
APN
14F0056 LL0553
UPID
US22-0458707
Jurisdiction
FULTON
Zoning & alternative use
M2 · Atlanta, GA
Zoning M2 · permitted uses
M2 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.2M
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
1971
Heating
YES
Stories
1
Buildings
2
Lot
4.64 ac
Current owner
From public records · entity-resolved
Frg X Ga2 LP
Entity
Free & Clear · 4 yrs held
Mailing address
111 RIV ST #1010, HOBOKEN, NJ 07030-5773
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2022
—
Frg X Ga2 LP
David Kuniansky
Quit Claim Deed
related
—
Jan 20, 2022
$6,045,000
Frg X Ga2 LP
David Kuniansky
Limited Warranty Deed
—
May 23, 2007
—
Epstein,gerald R & Louise N Trust
Epstein,gerald R
Quit Claim Deed
related
—
May 8, 2007
—
Gerald R Epstein
Coolik,john Adolphus Et A
Grant Deed
related
—
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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