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Property profile & analytics
OFF-MARKET
Estimated value
$17,575,000
Warehouses
50 Best Friend Rd Atlanta, GA 30340-3509
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0805974
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
STEEL FRAME
Total area
161,886 SF
Lot
7.36 ac (320,602 SF)
Zoning code
M
APN
18 318 03 006
UPID
US22-0805974
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
-
Ireland And Company Furniture & Home Goods Home Decor Store
-
Currey & Company Headquarters Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.47M
Comparable Approach
Comparable
$14.18M
Blend (final)
Blend
$17.58M
Owner & transaction history
Fivf III Ga5 LP · 1 yrs held
Fivf III Ga5 LP
since 2025
Last sale
$19.3M
4 recorded transactions
Zoning & alternative use
M · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,920,000
6.5%
$17,465,000
7%
$16,215,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,060,000
Current use
Blend value · Realmo final
$17.58M
Range $15.82M – $19.33M · ±10% · vs last sale $19.33M (Dec 6 2024)
Last sale anchor
$19.33M
Dec 6 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
$109 / 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
$165,757
Tax year 2024
Assessed value
$4,784,720
Assessed 2024
Previous assessed
$3,520,000
+35.9% YoY
Effective rate
3.46%
On assessed value
Assessed land
$528,000
Assessed improvement
$4,256,720
Land market value
$1,320,000
Improvement market value
$10,641,800
Total market value
$11,961,800
Applied tax rate
44.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
161,886 SF
Lot
7.36 ac (320,602 SF)
Zoning code
M
APN
18 318 03 006
UPID
US22-0805974
Jurisdiction
DE KALB
Zoning & alternative use
M · Atlanta, GA
Zoning M · permitted uses
M · 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
$20.1M
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
1974
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
7.36 ac
Current owner
From public records · entity-resolved
Fivf III Ga5 LP
Entity
Free & Clear · 1 yrs held
Mailing address
66 FRANKLIN ST STE #200, OAKLAND, CA 94607-3726
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Sep 25, 2025
—
Fivf III Ga5 LP
—
Deed
related
$35,000,000 · Truist Bank
Mar 6, 2025
$19,325,000
Fivf III Ga5 LP
Ic Industrial Reit
Deed
—
Jul 20, 2017
$8,840,000
Ic Industrial Reit
Lightning Propco 2 LLC
Grant Deed
—
Aug 12, 2014
$6,900,000
Lightning Propco II LLC
Pldspe LLC
Grant Deed
—
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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