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Property profile & analytics
OFF-MARKET
Estimated value
$4,550,000
Warehouses
6820 Kelly Ave Morrow, GA 30260-2210
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-0113151
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Total area
49,500 SF
Lot
3.1 ac (135,036 SF)
Zoning code
HI
APN
13-145D- A-001
UPID
US22-0113151
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
-
Food Service Renovations Construction Company
-
Big A Distributors Big Box & Wholesale Store
-
2 Morrow Avaiation Travel Agency Freight Service
-
Store Source Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.55M
CAP Approach
CAP
$5.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.55M
Owner & transaction history
Br Kelly Dst · 2 yrs held
Br Kelly Dst
since 2024
Last sale
$4.6M
4 recorded transactions
Zoning & alternative use
HI · Morrow, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.4M
+95.9%
Neighborhood: shopping center
$7.0M
+85.4%
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 Morrow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrow 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
$4,550,000
ML approach
$4,550,000
CAP Approach
CAP Return
Estimation
6%
$6,055,000
6.5%
$5,590,000
7%
$5,190,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,770,000
Current use
COMMERCIAL (GENERAL)
$7,390,000
Change: +96% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,990,000
Change: +85% · Conversion: Moderate
Blend value · Realmo final
$4.55M
Range $4.10M – $5.01M · ±10% · vs last sale $4.55M (Jan 12 2024)
Last sale anchor
$4.55M
Jan 12 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
$92 / 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
$32,692
Tax year 2024
Assessed value
$838,000
Assessed 2024
Previous assessed
$838,000
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$74,400
Assessed improvement
$763,600
Land market value
$186,000
Improvement market value
$1,909,000
Total market value
$2,095,000
Applied tax rate
8.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Heating
NONE
Total area
49,500 SF
Lot
3.1 ac (135,036 SF)
Zoning code
HI
APN
13-145D- A-001
UPID
US22-0113151
Jurisdiction
CLAYTON
Zoning & alternative use
HI · Morrow, GA
Zoning HI · permitted uses
HI · Morrow, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrow. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$7.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
NONE
Lot
3.1 ac
Current owner
From public records · entity-resolved
Br Kelly Dst
Individual
Mailing address
6820 KELLY AVE, MORROW, GA 30260-2210
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2024
$4,550,000
Br Kelly Dst
6820 Kelly Ave Investors LLC
Warranty Deed
—
Jan 20, 2022
—
6820 Kelly Ave Investors LLC
—
Deed
related
$4,900,000 · M&t Mortgage
Jun 2, 2021
$2,450,000
6820 Kelly Ave Investors LLC
Spectrum Property Management LLC
Warranty Deed
—
—
—
Spectrum Property Management L
—
Deed Of Trust
related
$2,500,000 · Suntrust Bank NA
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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