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Property profile & analytics
OFF-MARKET
Estimated value
$6,945,000
Industrial properties
465 Riverside Pkwy Lithia Springs, GA 30122-3894
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-3188395
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2020
Construction
CONCRETE
Total area
119,349 SF
Lot
10.15 ac (442,134 SF)
Zoning code
LI
APN
0182-01-5- -00001
UPID
US22-3188395
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
-
NDS- GA Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.95M
Owner & transaction history
Development Authority Of Douglas Co · 3 yrs held
Development Authority Of Douglas Co
since 2022
7 recorded transactions
Zoning & alternative use
LI · Lithia Springs, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$10.8M
+0.9%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,660,000
Current use
WAREHOUSE, STORAGE
$10,755,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$6.95M
Range $6.25M – $7.64M · ±10%
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
$58 / 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
$11,520
Tax year 2024
Assessed value
$3,252,720
Assessed 2024
Previous assessed
$3,496,320
-7.0% YoY
Effective rate
0.35%
On assessed value
Assessed improvement
$3,252,720
Improvement market value
$8,131,800
Total market value
$8,131,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
NONE
Total area
119,349 SF
Lot
10.15 ac (442,134 SF)
Zoning code
LI
APN
0182-01-5- -00001
UPID
US22-3188395
Jurisdiction
DOUGLAS
Zoning & alternative use
LI · Lithia Springs, GAZoning LI · permitted uses
LI · Lithia Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$10.7M
WAREHOUSE, STORAGE
Est. value
$10.8M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2020
Construction
CONCRETE
Heating
NONE
Lot
10.15 ac
Current owner
From public records · entity-resolved
Development Authority Of Douglas Co
Entity
Mailing address
8512 BOWDEN ST, DOUGLASVILLE, GA 30134-4523
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
—
Development Authority Of Douglas Co
Checkerprop Georgia 465 Riverside P
Warranty Deed
—
Sep 1, 2021
$12,250,000
Checkerprop Georgia 465 Riverside P
Hip Riverside D LLC
Limited Warranty Deed
$7,500,000 · Wells Fargo
Jul 14, 2020
—
Hip Riverside D LLC
—
Deed
related
$5,179,591 · Texas Cap Bk
Jul 9, 2019
—
Hip Riverside D LLC
—
Deed
related
$5,179,591 · Texas Cap Bk
Jun 11, 2019
$949,500
Hip Riverside D LLC
Idi Logistics Svcs Grp LLC
Grant Deed
—
Dec 28, 2015
—
Idi Services Group LLC
Riverside Business Park LLC
Quit Claim Deed
related
—
Apr 2, 2015
$9,830,171
Riverside Business Park LLC
Development Authority Of Douglas
Grant Deed
—
—
—
Hip Riverside D LLC
—
Deed Of Trust
related
$5,179,591 · Texas Cap Bk
—
—
Hip Riverside D LLC
—
Loan Modification
related
$5,179,591 · Texas Cap Bk
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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