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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Warehouses
51 Adams St Forsyth, GA 31029-2146
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US22-2697985
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1930
Construction
CONCRETE
Total area
16,000 SF
Lot
0.53 ac (23,087 SF)
Zoning code
1
APN
F26-108
UPID
US22-2697985
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
-
Secure Self Storage Storage Facility
-
Gray Line Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.14M
Owner & transaction history
Gray Line Cc Storage LLC
Gray Line Cc Storage LLC
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
1 · Forsyth, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+77.5%
Retail stores
$1.5M
+42.4%
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 Forsyth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forsyth 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
WAREHOUSE, STORAGE
$1,020,000
Current use
RESTAURANT
$1,815,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$1,455,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10% · vs last sale $1.50M (Jun 19 2025)
Last sale anchor
$1.50M
Jun 19 2025
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
$71 / 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
$5,255
Tax year 2023
Assessed value
$172,480
Assessed 2023
Previous assessed
$172,480
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$17,520
Assessed improvement
$154,960
Land market value
$43,800
Improvement market value
$387,400
Total market value
$431,200
Applied tax rate
2.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1930
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
16,000 SF
Lot
0.53 ac (23,087 SF)
Zoning code
1
APN
F26-108
UPID
US22-2697985
Jurisdiction
MONROE
Zoning & alternative use
1 · Forsyth, GAZoning 1 · permitted uses
1 · Forsyth, 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
WAREHOUSE, STORAGE Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
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
1930
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Gray Line Cc Storage LLC
Entity
Mailing address
3908 NW ELM AVE, LAWTON, OK 73505-4760
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
$1,500,000
Gray Line Cc Storage LLC
Gray Line Storage Forsyth LLC
Deed
$1,135,680 · Synovus Bank
Sep 19, 2025
—
Gray Line Cc Storage LLC
Gray Line Storage Forsyth LLC
Quitclaim Deed
related
—
Jun 24, 2022
$1,650,000
Gray Line Storage Forsyth LLC
Big Peach Properties LLC
Warranty Deed
$1,516,570 · Robins Financial Credit Union Busin
Oct 9, 2020
—
Big Peach Properties LLC
—
Deed
related
$1,291,497 · Morris Bk
Jul 28, 2020
—
Big Peach Properties LLC
United Bk
Quit Claim Deed
related
$100,000 · One South Bk
Dec 2, 2019
—
Big Peach Properties LLC
—
Deed
related
$187,000 · United Bk
Jan 4, 2019
—
Big Peach Properties LLC
—
Deed
related
$701,811 · Morris Bk
Nov 27, 2017
$327,500
Big Peach Properties LLC
Henigman Realty Of Georgia LLC
Grant Deed
$262,000 · Morris Bk
Sep 15, 2010
—
Henigman Realty Of Georgia LLC
Henigman Realty INC
Quit Claim Deed
—
May 31, 2006
$163,400
Henigman Realty Of Georgia LLC
Not Provided
Deed
—
—
—
Big Peach Properties LLC
—
Loan Modification
related
$701,811 · Morris Bk
—
—
Big Peach Properties LLC
—
Deed Of Trust
related
$187,000 · United Bk
—
—
Big Peach Properties LLC
—
Deed Of Trust
related
$1,291,497 · Morris 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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