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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Warehouses
5636 Redan Rd, Stone Mountain, GA 30088-3416
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0564373
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
50,116 SF
Lot
4.85 ac (211,266 SF)
Zoning code
C-3
APN
16 062 02 005
UPID
US22-0564373
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
-
Life Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Nitneil Redan Storage LLC · 5 yrs held
Nitneil Redan Storage LLC
since 2020
Last sale
$404,274
5 recorded transactions
Zoning & alternative use
C-3 · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Stone Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stone Mountain 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
$425,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $404k (Dec 14 2020)
Last sale anchor
$404k
Dec 14 2020
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
$10 / 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
$113,594
Tax year 2024
Assessed value
$2,600,000
Assessed 2024
Previous assessed
$5,029,200
-48.3% YoY
Effective rate
4.37%
On assessed value
Assessed land
$764,900
Assessed improvement
$1,835,100
Land market value
$1,912,250
Improvement market value
$4,587,750
Total market value
$6,500,000
Applied tax rate
4.0000
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
2021
Heating
NONE
Cooling
CENTRAL
Buildings
8
Stories
1
Bathrooms
1
Total area
50,116 SF
Lot
4.85 ac (211,266 SF)
Zoning code
C-3
APN
16 062 02 005
UPID
US22-0564373
Jurisdiction
DE KALB
Zoning & alternative use
C-3 · Stone Mountain, GA
Zoning C-3 · permitted uses
C-3 · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stone Mountain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Bathrooms
1
Lot
4.85 ac
Current owner
From public records · entity-resolved
Nitneil Redan Storage LLC
Entity
Mailing address
1447 PEACHTREE ST NE STE #470, ATLANTA, GA 30309-3033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 14, 2020
$404,274
Nitneil Redan Storage LLC
Arpon LLC
Dual Purpose Document
$4,388,531 · Renasant Bk
Jun 15, 2020
—
Arpon LLC
R Dennis
Quit Claim Deed
related
—
Jun 15, 2020
$275,000
Arpon LLC
R Dennis
Grant Deed
—
Apr 29, 2009
—
Christopher,family Limited Par
Christopher,r Dennis
Quit Claim Deed
related
—
Sep 5, 2007
$440,000
Christopher R Dennis
Theodore,pic Est
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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