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Property profile & analytics
OFF-MARKET
Estimated value
$5,895,000
Warehouses
5755 Goshen Spgs Rd Norcross, GA 30071-4813
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1471714
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1996
Total area
39,360 SF
Lot
2.7 ac (117,612 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6215 206
UPID
US22-1471714
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
$5.14M
CAP Approach
CAP
$4.45M
Comparable Approach
Comparable
$3.97M
Blend (final)
Blend
$5.90M
Owner & transaction history
Dg Indl Portfolio I Prop Owne · 6 yrs held
Dg Indl Portfolio I Prop Owne
since 2020
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.6M
+66.9%
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
$7,815,000
ML approach
$5,135,000
CAP Approach
CAP Return
Estimation
6%
$4,815,000
6.5%
$4,445,000
7%
$4,130,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,755,000
Current use
OFFICE BUILDING
$9,605,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$5.90M
Range $5.31M – $6.48M · ±10% · vs last sale $7.00M (Dec 18 2024)
Last sale anchor
$7.00M
Dec 18 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
$150 / 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
$48,558
Tax year 2024
Assessed value
$1,338,240
Assessed 2024
Previous assessed
$1,432,000
-6.5% YoY
Effective rate
3.63%
On assessed value
Assessed land
$270,000
Assessed improvement
$1,068,240
Land market value
$675,000
Improvement market value
$2,670,600
Total market value
$3,345,600
Applied tax rate
9.0000
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
1996
Heating
NONE
Cooling
NONE
Stories
1
Total area
39,360 SF
Lot
2.7 ac (117,612 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6215 206
UPID
US22-1471714
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
$5.8M
OFFICE BUILDING
Est. value
$9.6M
WAREHOUSE, STORAGE Current
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
1996
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Dg Indl Portfolio I Prop Owne
Individual
Free & Clear · 6 yrs held
Mailing address
17304 PRESTON RD STE #550, DALLAS, TX 75252-5625
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2020
$4,450,000
Dg Indl Portfolio I Prop Owne
P/8 Dalfen Goshen Springs LP
Grant Deed
—
Apr 18, 2018
—
P8 Dalfen Librty Center LP
—
Loan Modification
related
$29,735,020 · Jp Morgan Chase Bk
Aug 3, 2017
$2,175,000
P8/dalfen Goshen Springs LP
Maccabee Realty
Grant Deed
—
Feb 13, 2017
—
Maccabee Realty Ada Compliant
Meritez Goshen Springs LLC
Quit Claim Deed
related
—
Feb 13, 2017
$2,175,000
Maccabee Realty Ada Compliant
Meritex Goshen Springs LLC
Grant Deed
related
$75,000,000 · Bank Of America
May 25, 2005
$2,450,000
Meritex Goshen Springs LLC
Lantrac Investments LLC
Grant Deed
—
May 25, 2005
—
Meritex Goshen Springs LLC
Lantrac Investments LLC
Quit Claim Deed
related
—
—
—
Meritex Goshen Springs LLC
—
Loan Modification
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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