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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Warehouses
515 Gray Rd Perry, GA 31069-3032
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1464913
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1992
Construction
STEEL FRAME
Total area
5,000 SF
Lot
1.56 ac (67,954 SF)
Zoning code
C2
APN
0P41A0 013000
UPID
US22-1464913
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
-
Sullivan Heating & Cooling Inc Hardware & Home Improvement HVAC Service
-
Middle Georgia Maintenance Services (Bike/Boat/Book/etc) Store Printing Service
-
Rocket Pest Control Garden Center
-
Chip Shelton Custom Homes Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$864k
Blend (final)
Blend
$675k
Owner & transaction history
K & D PROPERTIES OF PERRY LLC
K & D PROPERTIES OF PERRY LLC
Zoning & alternative use
C2 · Perry, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$760,000
+47.2%
Neighborhood: shopping center
$690,000
+33.7%
Commercial (general)
$570,000
+10.9%
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 Perry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perry 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%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$515,000
Current use
AUTO REPAIR, GARAGE
$760,000
Change: +47% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$690,000
Change: +34% · Conversion: Moderate
COMMERCIAL (GENERAL)
$570,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$565,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$565,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$540,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$135 / 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
$6,974
Tax year 2024
Assessed value
$189,800
Assessed 2024
Previous assessed
$135,640
+39.9% YoY
Effective rate
3.67%
On assessed value
Assessed land
$74,720
Assessed improvement
$115,080
Land market value
$186,800
Improvement market value
$287,700
Total market value
$474,500
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
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
3
Total area
5,000 SF
Lot
1.56 ac (67,954 SF)
Zoning code
C2
APN
0P41A0 013000
UPID
US22-1464913
Jurisdiction
HOUSTON
Zoning & alternative use
C2 · Perry, GA
Zoning C2 · permitted uses
C2 · Perry, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Perry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$570,000
OFFICE BUILDING
Est. value
$565,000
MEDICAL BUILDING
Est. value
$565,000
RETAIL STORES
Est. value
$540,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Buildings
3
Lot
1.56 ac
Current owner
From public records · entity-resolved
K & D PROPERTIES OF PERRY LLC
Entity
Free & Clear · 0 yrs held
Mailing address
102 HAMPTON WAY, PERRY, GA 31069-9635
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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