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Property profile & analytics
OFF-MARKET
Estimated value
$8,040,000
Warehouses
6467 Warren Dr Norcross, GA 30093-1114
Entity Owned
Absentee Owner
Free & Clear
Property ID
US22-0996034
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1970
Total area
52,345 SF
Lot
3.2 ac (139,392 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6217 016
UPID
US22-0996034
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
-
El Boqueron Imports Importer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.91M
Comparable Approach
Comparable
$8.31M
Blend (final)
Blend
$8.04M
Owner & transaction history
Mi Wright Industrial LLC
Mi Wright Industrial LLC
since 2025
Last sale
$9.0M
2 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.8M
+10.2%
Commercial (general)
$12.1M
+4.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,405,000
6.5%
$5,910,000
7%
$5,490,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,590,000
Current use
OFFICE BUILDING
$12,775,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,060,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$8.04M
Range $7.24M – $8.84M · ±10% · vs last sale $8.97M (May 19 2025)
Last sale anchor
$8.97M
May 19 2025
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
$154 / 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
$61,736
Tax year 2024
Assessed value
$1,680,000
Assessed 2024
Previous assessed
$1,862,800
-9.8% YoY
Effective rate
3.67%
On assessed value
Assessed land
$320,000
Assessed improvement
$1,360,000
Land market value
$800,000
Improvement market value
$3,400,000
Total market value
$4,200,000
Applied tax rate
1.0000
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
1970
Heating
YES
Cooling
NONE
Stories
1
Total area
52,345 SF
Lot
3.2 ac (139,392 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6217 016
UPID
US22-0996034
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
$11.6M
OFFICE BUILDING
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$12.1M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1970
Heating
YES
Cooling
Yes
Stories
1
Lot
3.2 ac
Current owner
From public records · entity-resolved
Mi Wright Industrial LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1842 INDEPENDENCE SQ STE C, ATLANTA, GA 30338-5168
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2025
—
Mi Wright Industrial LLC
Rjv Corp
Quitclaim Deed
related
—
Aug 19, 2025
$8,969,419
Mi Wright Industrial LLC
Rjv Corp
Deed
—
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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