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Property profile & analytics
FOR SALE
Distribution centers
596 Bonnie Valentine Way Pendergrass, GA 30567
Entity Owned
18-yr Hold
Free & Clear
Property ID
US22-2363607
For Sale
1 / 2
$2,385,000
596 Bonnie Valentine Way, Pendergrass, GA 30567
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Total area
848,000 SF
Lot
60.86 ac (2,651,062 SF)
Zoning code
I2
APN
091 007E
UPID
US22-2363607
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
First Industrial Inv INC · 18 yrs held
First Industrial Inv INC
since 2008
6 recorded transactions
Zoning & alternative use
I2 · Pendergrass, 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 Pendergrass submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pendergrass 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$3 / 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
$188,211
Tax year 2023
Assessed value
$6,776,022
Assessed 2023
Previous assessed
$6,776,022
+0.0% YoY
Effective rate
2.78%
On assessed value
Assessed land
$1,681,040
Assessed improvement
$5,094,982
Land market value
$4,202,600
Improvement market value
$12,737,455
Total market value
$16,940,055
Applied tax rate
14.0000
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
For Sale
Year built
2006
Heating
BASEBOARD
Cooling
EVAPORATIVE
Stories
1
Total area
848,000 SF
Lot
60.86 ac (2,651,062 SF)
Zoning code
I2
APN
091 007E
UPID
US22-2363607
Jurisdiction
JACKSON
Zoning & alternative use
I2 · Pendergrass, GAZoning I2 · permitted uses
I2 · Pendergrass, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2006
Heating
BASEBOARD
Cooling
Yes
Stories
1
Lot
60.86 ac
Current owner
From public records · entity-resolved
First Industrial Inv INC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 56607, ATLANTA, GA 30343-0607
Ownership since
2008
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
Jan 9, 2008
$40,000
First Industrial Inv INC
Possum Creek Properties
Grant Deed
related
—
Jan 9, 2008
$24,270,000
First Industrial Inv INC
Vif Of Valentine Farms Building O
Grant Deed
related
$550,000,000 · First Industrial LP
Dec 5, 2005
—
Vif Of Valentine Farms Bldg One LLC
Valentine Farms Land LLC
Quit Claim Deed
related
—
Nov 30, 2005
—
Vif Bldg
Valentine Farms Land LLC
Quit Claim Deed
related
—
May 4, 2005
$2,017,700
Valentine Farms Land LLC
Possum Crk Prop
Grant Deed
—
May 4, 2005
$416,800
Valentine Farms Land LLC
Valentine,michael
Grant Deed
related
$1,890,000 · Branch Banking & Trust Co
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?”
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