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Property profile & analytics
OFF-MARKET
Estimated value
$7,930,000
Manufacturing properties
90 22nd Hwy, Milledgeville, GA 31061
Entity Owned
5-yr Hold
Free & Clear
Property ID
US22-3060205
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1998
Construction
FRAME
Total area
59,500 SF
Lot
44 ac (1,916,640 SF)
Zoning code
RESIDENTIAL
APN
052 029
UPID
US22-3060205
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
$7.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.93M
Owner & transaction history
Qarbon Aerospace Lafayette LLC · 5 yrs held
Qarbon Aerospace Lafayette LLC
since 2021
Last sale
$8.0M
3 recorded transactions
Zoning & alternative use
RESIDENTIAL · Milledgeville, 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 Milledgeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milledgeville 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
$7,790,000
ML approach
$7,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,320,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$5,855,000
Change: 0% · Conversion: Difficult
RESTAURANT
$5,625,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,775,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$7.93M
Range $7.14M – $8.72M · ±10% · vs last sale $8.00M (May 7 2021)
Last sale anchor
$8.00M
May 7 2021
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
$133 / 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
$151,380
Tax year 2023
Assessed value
$4,705,860
Assessed 2024
Previous assessed
$6,211,720
-24.2% YoY
Effective rate
3.22%
On assessed value
Assessed land
$70,400
Assessed improvement
$4,635,460
Land market value
$176,000
Improvement market value
$11,588,650
Total market value
$11,764,650
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
SPACE
Cooling
CENTRAL
Buildings
11
Stories
1
Total area
59,500 SF
Lot
44 ac (1,916,640 SF)
Zoning code
RESIDENTIAL
APN
052 029
UPID
US22-3060205
Jurisdiction
BALDWIN
Zoning & alternative use
RESIDENTIAL · Milledgeville, GA
Zoning RESIDENTIAL · permitted uses
RESIDENTIAL · Milledgeville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milledgeville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.9M
RESTAURANT
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$4.8M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1998
Construction
FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
11
Lot
44 ac
Current owner
From public records · entity-resolved
Qarbon Aerospace Lafayette LLC
Entity
Free & Clear · 5 yrs held
Mailing address
90 W 22ND HWY, MILLEDGEVILLE, GA 31061
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2021
$8,000,000
Qarbon Aerospace Lafayette LLC
Triumph Aerostructures LLC
Limited Warranty Deed
—
Aug 18, 2020
—
Triump Aerostructures LLC
Development Authority Of City Of Mi
Intrafamily Transfer
related
—
Dec 28, 2010
—
Development Authority Of The City O
Triumph Aerostructures LLC
Deed
—
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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