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Property profile & analytics
OFF-MARKET
Estimated value
$8,620,000
Distribution centers
500 Jerry Steele Ln Mcdonough, GA 30253-7509
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1143659
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2000
Construction
CONCRETE
Total area
138,766 SF
Lot
14.46 ac (629,878 SF)
Zoning code
M1
APN
095-01003021
UPID
US22-1143659
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
-
Power Equipment Distributors, Inc. Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.83M
Blend (final)
Blend
$8.62M
Owner & transaction history
500 Jerry Steele Lane LLC · 2 yrs held
500 Jerry Steele Lane LLC
since 2024
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
M1 · Mcdonough, 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 Mcdonough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcdonough 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
$8,620,000
ML approach
$8,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,800,000
Current use
Blend value · Realmo final
$8.62M
Range $7.76M – $9.48M · ±10% · vs last sale $8.62M (Feb 15 2024)
Last sale anchor
$8.62M
Feb 15 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
$62 / 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
$158,469
Tax year 2024
Assessed value
$3,941,240
Assessed 2024
Previous assessed
$3,941,240
+0.0% YoY
Effective rate
4.02%
On assessed value
Assessed land
$491,640
Assessed improvement
$3,449,600
Land market value
$1,229,100
Improvement market value
$8,624,000
Total market value
$9,853,100
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
1
Units
1
Bathrooms
6
Total area
138,766 SF
Lot
14.46 ac (629,878 SF)
Zoning code
M1
APN
095-01003021
UPID
US22-1143659
Jurisdiction
HENRY
Zoning & alternative use
M1 · Mcdonough, GA
Zoning M1 · permitted uses
M1 · Mcdonough, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcdonough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.8M
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
2000
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
6
Lot
14.46 ac
Current owner
From public records · entity-resolved
500 Jerry Steele Lane LLC
Entity
Mailing address
46061 VAN DYKE AVE, UTICA, MI 48317-5375
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2025
—
500 Jerry Steele Lane LLC
—
Deed
related
$58,000 · Huntington National Bank Agent
Feb 15, 2024
—
500 Jerry Steele Lane LLC
Equipmentshare
Quit Claim Deed
related
$15,376,000 · Piedmont Bank
Feb 21, 2022
—
500 Jerry Steele Lane LLC
—
Deed
related
$32,347,200 · Huntington National Bank
Sep 1, 2021
$8,620,435
500 Jerry Steele Lane LLC
Blalock Family Holdings INC
Limited Warranty Deed
—
Nov 6, 2018
—
Blalock Family Holdings INC
—
Deed
related
$7,000,000 · Suntrust Bk
Dec 11, 2013
—
Blalock Family Holdings INC
Pf1lp-jerry Steele Lane LLC
Quit Claim Deed
related
$3,400,000 · Suntrust Bank NA
Dec 11, 2013
$4,250,000
Blalock Family Holdings INC
Pf1lp-jerry Steele Lane LLC
Grant Deed
related
—
Sep 27, 2013
$2,000,000
Pf1lp-jerry Steele Lane LLC
Cardinal Health 110 INC
Grant Deed
$1,745,000 · Sovereign Bank
Nov 22, 2011
—
Cardinal Health 110 INC
Henry County Dev Authority
Quit Claim Deed
related
—
—
—
Blalock Family Holdings INC
—
Deed Of Trust
related
$7,000,000 · Suntrust 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.
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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