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Property profile & analytics
OFF-MARKET
Estimated value
$82,400,000
Warehouses
6455 Best Friend Rd Norcross, GA 30071-2914
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1693008
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2023
Total area
367,078 SF
Lot
30 ac (1,306,800 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6222 014
UPID
US22-1693008
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
-
Atlanta Journal Constitution Publishing House Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$82.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$73.27M
Blend (final)
Blend
$82.40M
Owner & transaction history
6455 Bfr Norcross Partners LLC · 2 yrs held
6455 Bfr Norcross Partners LLC
since 2024
Last sale
$82.4M
5 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$117.6M
+119.0%
Retail stores
$99.2M
+84.7%
Neighborhood: shopping center
$96.7M
+80.1%
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
$82,400,000
ML approach
$82,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$53,690,000
Current use
MEDICAL BUILDING
$117,590,000
Change: +119% · Conversion: Difficult
RETAIL STORES
$99,160,000
Change: +85% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$96,720,000
Change: +80% · Conversion: Moderate
OFFICE BUILDING
$89,585,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$82.40M
Range $74.16M – $90.64M · ±10% · vs last sale $82.40M (Jun 24 2024)
Last sale anchor
$82.40M
Jun 24 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
$224 / 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
$639,871
Tax year 2024
Assessed value
$25,548,920
Assessed 2024
Previous assessed
$2,146,200
+1,090.4% YoY
Effective rate
2.50%
On assessed value
Assessed land
$3,329,120
Assessed improvement
$22,219,800
Land market value
$8,322,800
Improvement market value
$55,549,500
Total market value
$63,872,300
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
2023
Heating
NONE
Cooling
NONE
Stories
1
Total area
367,078 SF
Lot
30 ac (1,306,800 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6222 014
UPID
US22-1693008
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
$53.7M
MEDICAL BUILDING
Est. value
$117.6M
RETAIL STORES
Est. value
$99.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$96.7M
OFFICE BUILDING
Est. value
$89.6M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2023
Heating
NONE
Cooling
Yes
Stories
1
Lot
30 ac
Current owner
From public records · entity-resolved
6455 Bfr Norcross Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6455 BEST FRIEND RD NW STE #100, NORCROSS, GA 30071-2914
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jul 3, 2025
—
6455 Bfr Norcross Partners LLC
—
Deed
related
$49,440,000 · Dekabank Deutsche Girozentrale
Jun 24, 2024
$82,400,000
6455 Bfr Norcross Partners LLC
Best Friend Development LLC
Warranty Deed
—
Jun 24, 2024
—
6455 Bfr Norcross Partners LLC
Best Friend Development LLC
Quit Claim Deed
related
—
Dec 11, 2023
—
Best Friend Development LLC
—
Deed
related
$45,849,000 · Ameris Bank
Aug 25, 2022
$14,683,000
Best Friend Development LLC
Cox Enterprises INC
Warranty Deed
$39,936,000 · Ameris Bank
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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