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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Warehouses
520 Park Rd Griffin, GA 30224
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-0526548
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1957
Construction
CONCRETE
Total area
20,000 SF
Lot
1.99 ac (86,684 SF)
Zoning code
PID
APN
024 -05-017
UPID
US22-0526548
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$722k
Blend (final)
Blend
$670k
Owner & transaction history
Victoria Vixamar Vetements LLC · 4 yrs held
Victoria Vixamar Vetements LLC
since 2022
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
PID · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.1M
+7.0%
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 Griffin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Griffin 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
$690,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,040,000
Current use
INDUSTRIAL (GENERAL)
$1,115,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $650k (May 27 2022)
Last sale anchor
$650k
May 27 2022
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
$34 / 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
$9,572
Tax year 2023
Assessed value
$248,072
Assessed 2023
Previous assessed
$248,072
+0.0% YoY
Effective rate
3.86%
On assessed value
Assessed land
$34,674
Assessed improvement
$213,398
Land market value
$86,684
Improvement market value
$533,496
Total market value
$620,180
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1957
Construction
CONCRETE
Heating
YES
Cooling
YES
Total area
20,000 SF
Lot
1.99 ac (86,684 SF)
Zoning code
PID
APN
024 -05-017
UPID
US22-0526548
Jurisdiction
SPALDING
Zoning & alternative use
PID · Griffin, GA
Zoning PID · permitted uses
PID · Griffin, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Griffin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1957
Construction
CONCRETE
Heating
YES
Cooling
Yes
Lot
1.99 ac
Current owner
From public records · entity-resolved
Victoria Vixamar Vetements LLC
Entity
Mailing address
723 ALBERTA DR, MCDONOUGH, GA 30252-4221
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
$650,000
Victoria Vixamar Vetements LLC
Plott Properties LLC
Warranty Deed
$585,000 · Plott Properties
Nov 27, 2012
—
Plott Properties LLC
American Tanning & Leather LLC
Quit Claim Deed
related
—
Nov 21, 2012
—
Plott Properties LLC
American Tanning & Leather LLC
Grant Deed
related
—
Sep 17, 2012
$70,000
American Tanning & Leather LLC
Atlas Ga III Spe LLC
Grant Deed
—
Sep 14, 2012
$70,000
American Tanning & Leather LLC
Atlas Ga III Spe LLC
Grant Deed
—
May 9, 2011
$200,000
Atlas Ga III Spe LLC
Taylor,ricky D & Sarah T
Trustees Deed
—
May 3, 2011
$200,000
Atlas Ga III Spe LLC
Taylor,ricky D
Grant Deed
—
Aug 30, 2006
$250,000
Ricky D Taylor
Plott,christopher J
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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