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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Industrial properties
76 Blalock Ml Dr Cleveland, GA 30528
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-2625052
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
2004
Construction
STEEL FRAME
Total area
10,080 SF
Lot
10.12 ac (440,827 SF)
Zoning code
IND
APN
C01F 016
UPID
US22-2625052
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$560k
Owner & transaction history
Hogan Brothers Properties LLC · 8 yrs held
Hogan Brothers Properties LLC
since 2018
2 recorded transactions
Zoning & alternative use
IND · Cleveland, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I industrial district is intended for the development of manufacturing, wholesale, adult entertainment and service establishments which are not obnoxious or offensive, by reason of emission of odor, smoke, dust, gas, noise, vibrations, light, heat, etc.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
55.82 ac
Source
Realmo
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$815,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$810,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$580,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$56 / 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
$7,266
Tax year 2024
Assessed value
$280,656
Assessed 2024
Previous assessed
$324,036
-13.4% YoY
Effective rate
2.59%
On assessed value
Assessed land
$99,176
Assessed improvement
$181,480
Land market value
$247,940
Improvement market value
$453,700
Total market value
$701,640
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
3
Total area
10,080 SF
Lot
10.12 ac (440,827 SF)
Zoning code
IND
APN
C01F 016
UPID
US22-2625052
Jurisdiction
WHITE
Zoning & alternative use
IND · Cleveland, GAZoning IND · permitted uses
IND · Cleveland, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I industrial district is intended for the development of manufacturing, wholesale, adult entertainment and service establishments which are not obnoxious or offensive, by reason of emission of odor, smoke, dust, gas, noise, vibrations, light, heat, etc.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
55.82 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$815,000
WAREHOUSE, STORAGE
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$580,000
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2004
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
3
Lot
10.12 ac
Current owner
From public records · entity-resolved
Hogan Brothers Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1700 HOLINESS CAMPGROUND RD, CLEVELAND, GA 30528-5010
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2018
—
Hogan Brothers Properties LLC
Hogan,thomas W & James L
Quit Claim Deed
related
—
Jan 5, 2018
—
Thomas W Hogan
Hogan Leroy
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.
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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