New search
Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Warehouses
59 Wellington Ml Rd Whitesburg, GA 30185-2606
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1800849
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Construction
STEEL FRAME
Total area
4,160 SF
Lot
11.95 ac (520,542 SF)
Zoning code
2
APN
W03-007-0027
UPID
US22-1800849
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
-
Shatone LLC Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$630k
Owner & transaction history
Shatone LLC · 5 yrs held
Shatone LLC
since 2020
6 recorded transactions
Zoning & alternative use
2 · Whitesburg, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$725,000
+54.7%
Retail stores
$660,000
+41.1%
Auto repair, garage
$645,000
+38.5%
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 Whitesburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whitesburg 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
$400,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$465,000
Current use
COMMERCIAL (GENERAL)
$725,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$660,000
Change: +41% · Conversion: Moderate
AUTO REPAIR, GARAGE
$645,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$151 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$14,352
Tax year 2023
Assessed value
$442,946
Assessed 2023
Previous assessed
$309,180
+43.3% YoY
Effective rate
3.24%
On assessed value
Assessed land
$54,875
Assessed improvement
$388,071
Land market value
$137,188
Improvement market value
$970,177
Total market value
$1,107,365
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1978
Construction
STEEL FRAME
Heating
SPACE
Buildings
3
Total area
4,160 SF
Lot
11.95 ac (520,542 SF)
Zoning code
2
APN
W03-007-0027
UPID
US22-1800849
Jurisdiction
CARROLL
Zoning & alternative use
2 · Whitesburg, GA
Zoning 2 · permitted uses
2 · Whitesburg, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whitesburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$465,000
COMMERCIAL (GENERAL)
Est. value
$725,000
RETAIL STORES
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$645,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1978
Construction
STEEL FRAME
Heating
SPACE
Buildings
3
Lot
11.95 ac
Current owner
From public records · entity-resolved
Shatone LLC
Entity
Mailing address
8 E BROAD ST, NEWNAN, GA 30263-1904
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2020
—
Shatone LLC
—
Deed Of Trust
related
$250,000 · First Citizens Bk & Tr Co
Jan 9, 2017
—
59 Wellington LLC
—
Deed
related
$1,000,000 · First Citizens Bank
—
—
Tony Neja
—
Deed Of Trust
related
$200,000 · United Community Bank
—
—
Tony Neja
—
Deed Of Trust
related
$1,125,500 · United Community Bank
—
—
Tony Neja
—
Loan Modification
related
$624,781 · First Choice Community Bank
—
—
Tony Neja
—
Deed Of Trust
related
$100,000 · David Griffith
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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