Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$24,185,000
Distribution centers
5500 Frontage Rd Forest Park, GA 30297-2512
Individually Owned
4-yr Hold
Free & Clear
Property ID
US22-1119324
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1968
Total area
212,048 SF
Lot
110.06 ac (4,794,257 SF)
Zoning code
HI
APN
13-084 -084-001
UPID
US22-1119324
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
-
JCPenney Furniture Outlet Furniture & Home Goods Home Decor Store
-
Cummins Atl Auto Repair Shop
-
JCPenney Logistics Center Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.95M
Comparable Approach
Comparable
$33.04M
Blend (final)
Blend
$24.19M
Owner & transaction history
National Industrial Portfolio Prope · 4 yrs held
National Industrial Portfolio Prope
since 2021
6 recorded transactions
Zoning & alternative use
HI · Forest Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$37.9M
+88.8%
Office building
$35.1M
+74.6%
Neighborhood: shopping center
$30.0M
+49.1%
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 Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Park 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%
$25,945,000
6.5%
$23,950,000
7%
$22,235,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,085,000
Current use
COMMERCIAL (GENERAL)
$37,925,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$35,065,000
Change: +75% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$29,950,000
Change: +49% · Conversion: Moderate
Blend value · Realmo final
$24.19M
Range $21.77M – $26.60M · ±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
$114 / 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
$465,023
Tax year 2024
Assessed value
$11,920,000
Assessed 2024
Previous assessed
$9,535,160
+25.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$2,861,600
Assessed improvement
$9,058,400
Land market value
$7,154,000
Improvement market value
$22,646,000
Total market value
$29,800,000
Applied tax rate
8.0000
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
1968
Heating
NONE
Total area
212,048 SF
Lot
110.06 ac (4,794,257 SF)
Zoning code
HI
APN
13-084 -084-001
UPID
US22-1119324
Jurisdiction
CLAYTON
Zoning & alternative use
HI · Forest Park, GA
Zoning HI · permitted uses
HI · Forest Park, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$20.1M
COMMERCIAL (GENERAL)
Est. value
$37.9M
OFFICE BUILDING
Est. value
$35.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1968
Heating
NONE
Lot
110.06 ac
Current owner
From public records · entity-resolved
National Industrial Portfolio Prope
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2026
—
National Industrial Portfolio
—
Deed
related
$357,000 · Jp Morgan Chase Bank
Dec 15, 2021
—
National Industrial Portfolio Prope
Ctl Propco II LLC
Limited Warranty Deed
—
Jan 30, 2021
$105,920,000
Ctl Propco II LLC
J C Penney Properties LLC
Limited Warranty Deed
—
Jul 28, 2016
—
J C Penney Properties INC
—
Deed
related
$500,000 · * Other Institutional Lenders
May 28, 2013
—
Jc Penney Properties INC
Jc Penney Corp INC
Quit Claim Deed
related
—
—
—
J C Penney Properties INC
—
Loan Modification
related
$500,000 · * Other Institutional Lenders
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5500 Frontage Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
