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Property profile & analytics
OFF-MARKET
Estimated value
$14,250,000
Distribution centers
6878 Kelly Ave Morrow, GA 30260-2210
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1350536
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1969
Total area
314,412 SF
Lot
13.32 ac (580,263 SF)
Zoning code
HI
APN
13-145D- C-001
UPID
US22-1350536
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
-
Distribution Services-Atlanta Distribution Center Logistics Company
-
A.C.T. Metal Deck Supply Factory Production Facility
-
Staci Americas Logistics Company Freight Service
-
Industrial Commodities Big Box & Wholesale Store Food Market
-
Top Installers General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.97M
Blend (final)
Blend
$14.25M
Owner & transaction history
Spirit Realty LP · 5 yrs held
Spirit Realty LP
since 2020
Last sale
$16.2M
7 recorded transactions
Zoning & alternative use
HI · Morrow, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$10,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.25M
Range $12.83M – $15.68M · ±10% · vs last sale $16.19M (Nov 13 2020)
Last sale anchor
$16.19M
Nov 13 2020
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
$45 / 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
$157,655
Tax year 2024
Assessed value
$4,041,200
Assessed 2024
Previous assessed
$4,098,400
-1.4% YoY
Effective rate
3.90%
On assessed value
Assessed land
$319,720
Assessed improvement
$3,721,480
Land market value
$799,300
Improvement market value
$9,303,700
Total market value
$10,103,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1969
Heating
NONE
Total area
314,412 SF
Lot
13.32 ac (580,263 SF)
Zoning code
HI
APN
13-145D- C-001
UPID
US22-1350536
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.
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Lot
13.32 ac
Current owner
From public records · entity-resolved
Spirit Realty LP
Entity
Free & Clear · 5 yrs held
Mailing address
2727 N HARWOOD ST STE #300, DALLAS, TX 75201-2407
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Nov 13, 2020
$16,188,000
Spirit Realty LP
G & I X Industrial Ga LLC
Grant Deed
—
Feb 5, 2020
—
G & I X Industrial Ga LLC
—
Deed
related
$684,600,000 · Bank Of America
Dec 19, 2019
—
Sealy Kelly Avenue LLC
Keybank NA
Quit Claim Deed
related
—
Dec 19, 2019
$16,199,500
G & I X Industrial Ga LLC
Sealy Kelly Avenue LLC
Grant Deed
—
Jan 31, 2018
—
Jm Warehousing INC
Thrivent Finl Of Lutherans
Quit Claim Deed
related
—
Jan 22, 2018
$12,500,000
Sealy Kelly Avenue LLC
Jm Warehousing INC
Grant Deed
—
—
—
G & I X Industrial Ga LLC
—
Deed Of Trust
related
$684,600,000 · Bank Of America
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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