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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Distribution centers
894 Old Hutchinson Ml Rd, Lagrange, GA 30240-9673
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-1120395
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1987
Total area
29,850 SF
Lot
17.66 ac (769,270 SF)
Zoning code
01-GI
APN
0592 000006
UPID
US22-1120395
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
-
Steel Brothers Construction Company General Contractor
-
Sesin Engineer General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
$2.49M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$2.23M
Owner & transaction history
Conaway Electrical Services INC · 1 yrs held
Conaway Electrical Services INC
since 2024
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
01-GI · Lagrange, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.3M
+140.8%
Commercial (general)
$2.7M
+97.8%
Office building
$2.5M
+84.7%
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 Lagrange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lagrange 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
$2,320,000
ML approach
$1,910,000
CAP Approach
CAP Return
Estimation
6%
$2,695,000
6.5%
$2,490,000
7%
$2,310,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,350,000
Current use
RETAIL STORES
$3,255,000
Change: +141% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,675,000
Change: +98% · Conversion: Difficult
OFFICE BUILDING
$2,495,000
Change: +85% · Conversion: Difficult
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±10% · vs last sale $2.80M (Jul 29 2024)
Last sale anchor
$2.80M
Jul 29 2024
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
$75 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,022
Tax year 2023
Assessed value
$624,120
Assessed 2023
Previous assessed
$1,024
+60,849.2% YoY
Effective rate
2.73%
On assessed value
Assessed land
$150,080
Assessed improvement
$474,040
Land market value
$375,200
Improvement market value
$1,185,100
Total market value
$1,560,300
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
1987
Heating
NONE
Stories
1
Bathrooms
1
Total area
29,850 SF
Lot
17.66 ac (769,270 SF)
Zoning code
01-GI
APN
0592 000006
UPID
US22-1120395
Jurisdiction
TROUP
Zoning & alternative use
01-GI · Lagrange, GA
Zoning 01-GI · permitted uses
01-GI · Lagrange, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lagrange. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
RETAIL STORES
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1987
Heating
NONE
Stories
1
Bathrooms
1
Lot
17.66 ac
Current owner
From public records · entity-resolved
Conaway Electrical Services INC
Entity
Free & Clear · 1 yrs held
Mailing address
894 OLD HUTCHINSON ML RD, LAGRANGE, GA 30240-9673
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
$2,800,000
Conaway Electrical Services INC
Bal Harbour Ventures INC
Deed
—
Sep 30, 2021
$1,500,000
West Andrews INC
Gte USA INC
Warranty Deed
—
Apr 17, 2017
$950,000
Gte USA INC
Sesin Investments INC
Grant Deed
—
Dec 20, 2010
—
Sesin Investments INC
Four Corners Realty LLC
Quit Claim Deed
related
$330,000 · Noa Bank
Dec 20, 2010
$550,000
Sesin Investments INC
Four Corners Realty LLC
Grant Deed
—
Oct 31, 2005
$1,005,400
Four Corners Realty LLC
Ply Marts INC
Deed
—
Apr 15, 2005
$360,000
Ply Marts INC
Danny L Barintine
Deed
—
—
—
Sesin Investments INC
—
Loan Modification
related
$330,000 · Noa Bk
—
—
Sesin Investments INC
—
Loan Modification
related
$289,876 · Noa Bk
—
—
Sesin Investments INC
—
Loan Modification
related
$285,000 · Noa Bk
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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