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Property profile & analytics
OFF-MARKET
Estimated value
$4,245,000
Warehouses
5493 Goshen Spgs Rd Norcross, GA 30093-2214
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0978255
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1966
Total area
21,796 SF
Lot
3.03 ac (131,987 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6214 005
UPID
US22-0978255
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
$4.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.25M
Owner & transaction history
Jcb Atlanta Real Estate LLC · 3 yrs held
Jcb Atlanta Real Estate LLC
since 2023
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.0M
+44.7%
Retail stores
$5.9M
+22.0%
Neighborhood: shopping center
$5.7M
+19.0%
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 Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross 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
$4,455,000
ML approach
$4,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,825,000
Current use
MEDICAL BUILDING
$6,980,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$5,890,000
Change: +22% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,745,000
Change: +19% · Conversion: Moderate
OFFICE BUILDING
$5,320,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,020,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$4.25M
Range $3.82M – $4.67M · ±10% · vs last sale $4.10M (Jun 9 2023)
Last sale anchor
$4.10M
Jun 9 2023
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
$195 / 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
$46,703
Tax year 2024
Assessed value
$1,259,240
Assessed 2024
Previous assessed
$838,800
+50.1% YoY
Effective rate
3.71%
On assessed value
Assessed land
$267,040
Assessed improvement
$992,200
Land market value
$667,600
Improvement market value
$2,480,500
Total market value
$3,148,100
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1966
Heating
YES
Cooling
NONE
Stories
1
Total area
21,796 SF
Lot
3.03 ac (131,987 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6214 005
UPID
US22-0978255
Jurisdiction
GWINNETT
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Zoning M1-LIGHT INDUSTRY · permitted uses
M1-LIGHT INDUSTRY · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$7.0M
RETAIL STORES
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$5.0M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (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
1966
Heating
YES
Cooling
Yes
Stories
1
Lot
3.03 ac
Current owner
From public records · entity-resolved
Jcb Atlanta Real Estate LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2000 BAMFORD BLVD, POOLER, GA 31322-9504
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jun 9, 2023
$4,100,000
Jcb Atlanta Real Estate LLC
Salmon Property Investments LLC
Warranty Deed
—
Mar 21, 2011
—
Salmon Property Invs LLC
Salmon,david L & R Sherold
Quit Claim Deed
related
—
Mar 12, 2008
$1,600,000
David L Salmon
Miller A R & M A Trust
Grant Deed
—
Mar 12, 2008
—
David L Salmon
Miller A R & M A Trust
Quit Claim Deed
related
$1,800,000 · Citizens First National Bank
Mar 4, 2008
$1,600,000
David L Salmon
Miller,a Raymond
Grant Deed
—
Mar 4, 2008
—
David L Salmon
Miller,a Raymond
Grant Deed
related
—
Oct 20, 2004
—
Miller,a Raymond Trust
Miller,albert R & Mary G A
Quit Claim Deed
related
—
—
—
Salmon Property Invs LLC
—
Deed Of Trust
related
$1,668,518 · Citizens First National Bank
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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