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Property profile & analytics
OFF-MARKET
Estimated value
$2,115,000
Warehouses
615 Industrial Blvd, Villa Rica, GA 30180-1033
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-0632521
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1989
Construction
STEEL FRAME
Total area
10,050 SF
Lot
2.96 ac (128,938 SF)
Zoning code
GC
APN
V03-012-0014
UPID
US22-0632521
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
$2.65M
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$2.12M
Owner & transaction history
Carroll Properties LLC · 3 yrs held
Carroll Properties LLC
since 2023
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
GC · Villa Rica, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+100.0%
Retail stores
$1.6M
+41.1%
Auto repair, garage
$1.6M
+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 Villa Rica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Villa Rica 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
$2,745,000
ML approach
$2,650,000
CAP Approach
CAP Return
Estimation
6%
$1,740,000
6.5%
$1,605,000
7%
$1,490,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,260,000
Change: +100% · Conversion: Difficult
RETAIL STORES
$1,595,000
Change: +41% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,565,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±10% · vs last sale $2.20M (Apr 14 2023)
Last sale anchor
$2.20M
Apr 14 2023
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
$210 / 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
$9,636
Tax year 2023
Assessed value
$307,568
Assessed 2023
Previous assessed
$164,821
+86.6% YoY
Effective rate
3.13%
On assessed value
Assessed land
$118,400
Assessed improvement
$189,168
Land market value
$296,000
Improvement market value
$472,920
Total market value
$768,920
Applied tax rate
3.0000
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
1989
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Total area
10,050 SF
Lot
2.96 ac (128,938 SF)
Zoning code
GC
APN
V03-012-0014
UPID
US22-0632521
Jurisdiction
CARROLL
Zoning & alternative use
GC · Villa Rica, GA
Zoning GC · permitted uses
GC · Villa Rica, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Villa Rica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
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
1989
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Lot
2.96 ac
Current owner
From public records · entity-resolved
Carroll Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
615 INDUSTRIAL BLVD, CARROLLTON, GA 30112
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
—
Carroll Properties LLC
—
Deed
related
$1,870,000 · Southern States Bank
Apr 14, 2023
$2,200,000
Carroll Properties LLC
Gold City Holding LLC
Limited Warranty Deed
—
Sep 1, 2010
$585,000
Gold City Holdings LLC
Fulford Rentals LLC
Warranty Deed
related
$485,000 · Fulford Rentals LLC
Aug 31, 2010
$585,000
Gold City Holdings LLC
Fulford Rentals LLC
Grant Deed
related
—
Jan 31, 2007
—
Fulford Rentals LLC
Fulford,james R
Quit Claim Deed
related
—
Jan 30, 2007
—
Fulford Rentals LLC
Fulford,john D
Quit Claim Deed
related
—
—
—
Gold City Holding LLC
—
Deed Of Trust
related
$500,000 · 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.
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