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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Warehouses
737 Veterans Pkwy Jonesboro, GA 30238-3190
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1765342
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
20,217 SF
Lot
1.18 ac (51,401 SF)
Zoning code
GB
APN
13-239D- B-012
UPID
US22-1765342
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
-
SpaceCondo Live Hotel & Motel Resort
-
Light of faith christian church Church Mosque
-
Fuzion Radio Inc. Radio Station Telecommunications Service
-
Eventz Affair Hotel & Motel Resort
-
Department of Juvinale Justice State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.80M
Owner & transaction history
Mussell Properties LLC · 8 yrs held
Mussell Properties LLC
since 2018
4 recorded transactions
Zoning & alternative use
GB · Jonesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+28.6%
Neighborhood: shopping center
$2.8M
+27.7%
Retail stores
$2.6M
+18.8%
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 Jonesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jonesboro 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%
$2,475,000
6.5%
$2,285,000
7%
$2,120,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,180,000
Current use
OFFICE BUILDING
$2,805,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,785,000
Change: +28% · Conversion: Moderate
RETAIL STORES
$2,590,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±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
$89 / 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
$22,847
Tax year 2024
Assessed value
$585,640
Assessed 2024
Previous assessed
$592,240
-1.1% YoY
Effective rate
3.90%
On assessed value
Assessed land
$61,680
Assessed improvement
$523,960
Land market value
$154,200
Improvement market value
$1,309,900
Total market value
$1,464,100
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
2003
Heating
NONE
Total area
20,217 SF
Lot
1.18 ac (51,401 SF)
Zoning code
GB
APN
13-239D- B-012
UPID
US22-1765342
Jurisdiction
CLAYTON
Zoning & alternative use
GB · Jonesboro, GA
Zoning GB · permitted uses
GB · Jonesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jonesboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
RETAIL STORES
Est. value
$2.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Heating
NONE
Lot
1.18 ac
Current owner
From public records · entity-resolved
Mussell Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
7270 WILKERSON RD, STOCKBRIDGE, GA 30281-1915
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jun 18, 2018
—
Mussell Properties LLC
Larrydan Builders INC
Quit Claim Deed
related
—
Jun 18, 2018
$1,149,000
737 Veterans Parkway LLC
Mussell Properties LLC
Warranty Deed
$765,000 · National Ln Acquisitions
Jul 20, 2004
—
Mussell Prop LLC
Larrydan Builders INC
Warranty Deed
related
—
—
—
Mussell Properties LLC
—
Loan Modification
related
$1,209,981 · Other Institutional Lenders
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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