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Property profile & analytics
OFF-MARKET
Estimated value
$3,155,000
Distribution centers
850 Maxham Rd Lithia Springs, GA 30122-4137
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1712754
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
CONCRETE
Total area
284,307 SF
Lot
15.75 ac (686,070 SF)
Zoning code
LI-R
APN
0522-18-2- -00002
UPID
US22-1712754
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
-
GRM Document Management - Atlanta Storage Facility
-
Formica Corporation Logistics Company
-
John Tillman Bunzle Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.16M
Owner & transaction history
Iit Atlanta Portfolio I LLC · 13 yrs held
Iit Atlanta Portfolio I LLC
since 2012
7 recorded transactions
Zoning & alternative use
LI-R · Lithia Springs, 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 Lithia Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithia Springs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$11 / 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
$203,815
Tax year 2024
Assessed value
$6,477,920
Assessed 2024
Previous assessed
$6,477,920
+0.0% YoY
Effective rate
3.15%
On assessed value
Assessed land
$264,600
Assessed improvement
$6,213,320
Land market value
$661,500
Improvement market value
$15,533,300
Total market value
$16,194,800
Applied tax rate
1.0000
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
1998
Construction
CONCRETE
Heating
SPACE
Buildings
2
Stories
1
Total area
284,307 SF
Lot
15.75 ac (686,070 SF)
Zoning code
LI-R
APN
0522-18-2- -00002
UPID
US22-1712754
Jurisdiction
DOUGLAS
Zoning & alternative use
LI-R · Lithia Springs, GAZoning LI-R · permitted uses
LI-R · Lithia Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
SPACE
Stories
1
Buildings
2
Lot
15.75 ac
Current owner
From public records · entity-resolved
Iit Atlanta Portfolio I LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2 N RIVERSIDE PLZ STE #2350, CHICAGO, IL 60606-2617
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Oct 14, 2019
—
Western B Southeast Ga LLC
—
Deed
related
$1,430,000,000 · Citibank
Jan 11, 2013
—
Iit Atlanta Portfolio I LLC
—
Deed Of Trust
related
$105,000,000 · Jackson National Life Ins Co
Dec 11, 2012
$10,075,000
Iit Atlanta Portfolio I LLC
Industrial Property Fund Vi Ll
Grant Deed
—
Feb 28, 2011
—
Industrial Devs Intl Ga LP
Wells Fargo Bk NA
Quit Claim Deed
related
—
Dec 21, 2004
$12,905,000
Industrial Property Fund Vi LLC
Industrial Developments Internat
Grant Deed
related
—
—
—
Western B Southeast Ga LLC
—
Deed Of Trust
related
$1,430,000,000 · Citibank
—
—
Western B Southeast Ga LLC
—
Deed Of Trust
related
$964,000,000 · Column Fin'l
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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