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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Industrial properties
555 Millers Ml Rd Stockbridge, GA 30281
Individually Owned
2-yr Hold
Free & Clear
Property ID
US22-1059947
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1975
Construction
WOOD
Total area
5,994 SF
Lot
23.54 ac (1,025,402 SF)
Zoning code
M1
APN
068-01054000
UPID
US22-1059947
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
$800k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
David Roger Herrin · 2 yrs held
David Roger Herrin
since 2024
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
M1 · Stockbridge, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$895,000
+84.1%
Restaurant
$670,000
+37.4%
Auto repair, garage
$590,000
+21.2%
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 Stockbridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stockbridge 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$485,000
Current use
COMMERCIAL (GENERAL)
$895,000
Change: +84% · Conversion: Difficult
RESTAURANT
$670,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$590,000
Change: +21% · Conversion: Easy
OFFICE BUILDING
$510,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Feb 26 2024)
Last sale anchor
$800k
Feb 26 2024
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
$133 / 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
$10,739
Tax year 2024
Assessed value
$258,240
Assessed 2024
Previous assessed
$258,240
+0.0% YoY
Effective rate
4.16%
On assessed value
Assessed land
$141,240
Assessed improvement
$117,000
Land market value
$353,100
Improvement market value
$292,500
Total market value
$645,600
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Units
1
Rooms
2
Bathrooms
2
Total area
5,994 SF
Lot
23.54 ac (1,025,402 SF)
Zoning code
M1
APN
068-01054000
UPID
US22-1059947
Jurisdiction
HENRY
Zoning & alternative use
M1 · Stockbridge, GA
Zoning M1 · permitted uses
M1 · Stockbridge, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stockbridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$485,000
COMMERCIAL (GENERAL)
Est. value
$895,000
RESTAURANT
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$590,000
OFFICE BUILDING
Est. value
$510,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1975
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Rooms
2
Bathrooms
2
Lot
23.54 ac
Current owner
From public records · entity-resolved
David Roger Herrin
Individual
Free & Clear · 2 yrs held
Mailing address
555 MILLERS ML RD, STOCKBRIDGE, GA 30281
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2024
—
David Roger Herrin
Michael Joseph Paino
Warranty Deed
—
Feb 26, 2024
$800,000
David Roger Herrin
Michael Berry Hinton
Warranty Deed
—
Nov 17, 2010
$53,900
Friends Of Berry Hill LLC
Pfouts,carol H
Grant Deed
—
Jun 1, 2007
—
Berry Hill Aviation INC
Kelly,thomas C
Grant Deed
related
—
May 18, 2007
—
Berry Hill Aviation INC
White,ralph
Grant Deed
related
—
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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