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Property profile & analytics
OFF-MARKET
Estimated value
$19,785,000
Distribution centers
7137 Southlake Pkwy, Morrow, GA 30260-3076
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1726940
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1997
Total area
224,700 SF
Lot
13.11 ac (571,289 SF)
Zoning code
HI
APN
12-082C- B-002
UPID
US22-1726940
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
-
Devgiri Exports Distribution Center Logistics Company
-
UPS Mail Innovations Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.79M
Owner & transaction history
Exeter 7137 Southlake LLC · 2 yrs held
Exeter 7137 Southlake LLC
since 2023
Last sale
$20.0M
4 recorded transactions
Zoning & alternative use
HI · Morrow, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$31.7M
+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
$22,850,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$27,490,000
6.5%
$25,375,000
7%
$23,565,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,120,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$31,735,000
Change: +85% · Conversion: Moderate
Blend value · Realmo final
$19.79M
Range $17.81M – $21.76M · ±10% · vs last sale $20.00M (Jul 31 2023)
Last sale anchor
$20.00M
Jul 31 2023
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
$88 / 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
$123,881
Tax year 2024
Assessed value
$3,735,840
Assessed 2024
Previous assessed
$3,443,520
+8.5% YoY
Effective rate
3.32%
On assessed value
Assessed land
$314,760
Assessed improvement
$3,421,080
Land market value
$786,900
Improvement market value
$8,552,700
Total market value
$9,339,600
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
1997
Heating
NONE
Total area
224,700 SF
Lot
13.11 ac (571,289 SF)
Zoning code
HI
APN
12-082C- B-002
UPID
US22-1726940
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
$17.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$31.7M
WAREHOUSE, STORAGE Current
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
1997
Heating
NONE
Lot
13.11 ac
Current owner
From public records · entity-resolved
Exeter 7137 Southlake LLC
Entity
Free & Clear · 2 yrs held
Mailing address
100 W MATSONFORD RD #250, RADNOR, PA 19087-4558
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jul 31, 2023
$20,000,000
Exeter 7137 Southlake LLC
Platinum Owner Ga LLC
Warranty Deed
—
Dec 29, 2020
$53,000,000
Platinum Owner Ga LLC
Southlake Parkway Invtrs LLC
Grant Deed
$695,000,000 · Barclays Cap R/e
Mar 16, 2017
$31,450,600
Southlake Parkway Invtrs LLC
South Lake Realty Capital LLC
Trustees Deed
$16,250,000 · Miscellaneous Ins Co
Jun 8, 2005
$18,800,000
Tni-rubicon Spe 2005-i LLC
Daughters LLC
Deed
$34,000,000 · Lehman Brothers Bk Fsb
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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