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Property profile & analytics
OFF-MARKET
Estimated value
$40,610,000
Manufacturing properties
6500 Marbut Rd Lithonia, GA 30058-5342
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0438086
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Total area
242,000 SF
Lot
19.28 ac (839,837 SF)
Zoning code
X
APN
16 123 01 023
UPID
US22-0438086
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
-
Gates Corporation Industrial Manufacturer Production Facility
-
Gates Corporation DC Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$40.61M
Owner & transaction history
Gates Rubber Corp · 15 yrs held
Gates Rubber Corp
since 2011
1 recorded transaction
Zoning & alternative use
X · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$52.1M
+34.1%
Apartment house (5+ units)
$51.0M
+31.3%
Neighborhood: shopping center
$45.6M
+17.2%
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 Lithonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithonia 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$38,885,000
Current use
AUTO REPAIR, GARAGE
$52,145,000
Change: +34% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$51,040,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$45,580,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$45,460,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$42,065,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$40,480,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$40.61M
Range $36.55M – $44.67M · ±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
$168 / 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
$418,882
Tax year 2024
Assessed value
$9,103,680
Assessed 2024
Previous assessed
$8,971,480
+1.5% YoY
Effective rate
4.60%
On assessed value
Assessed land
$430,480
Assessed improvement
$8,673,200
Land market value
$1,076,200
Improvement market value
$21,683,000
Total market value
$22,759,200
Applied tax rate
80.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1979
Heating
NONE
Buildings
2
Stories
1
Total area
242,000 SF
Lot
19.28 ac (839,837 SF)
Zoning code
X
APN
16 123 01 023
UPID
US22-0438086
Jurisdiction
DE KALB
Zoning & alternative use
X · Lithonia, GA
Zoning X · permitted uses
X · Lithonia, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lithonia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$38.9M
AUTO REPAIR, GARAGE
Est. value
$52.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$51.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$45.6M
MEDICAL BUILDING
Est. value
$45.5M
OFFICE BUILDING
Est. value
$42.1M
RETAIL STORES
Est. value
$40.5M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1979
Heating
NONE
Stories
1
Buildings
2
Lot
19.28 ac
Current owner
From public records · entity-resolved
Gates Rubber Corp
Entity
Free & Clear · 15 yrs held
Mailing address
1144 15TH ST STE #1400, DENVER, CO 80202-2887
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2011
—
Gates Rubber Corp
Development Auth Of De County
Quit Claim Deed
related
—
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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