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Property profile & analytics
FOR LEASE
Warehouses
Norcross Industrial Ct Norcross, GA 30071
Entity Owned
~
Est. High Equity
Property ID
US22-0920064
For Lease
$4,590,000
Norcross Industrial Ct, Norcross, GA 30071
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1979
Total area
32,528 SF
Lot
6.36 ac (277,042 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6256 088
UPID
US22-0920064
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
-
Shine Lightbox - Photography & Production Studio (Bike/Boat/Book/etc) Store Photography Service
-
GLB Solutions - Warehousing, White Glove Delivery, Local and Nationwide shipping Logistics Company Freight Service
-
Solutions In Action Inc Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.59M
Owner & transaction history
B9 Tau Bobcat Ga Owner LLC
B9 Tau Bobcat Ga Owner LLC
since 2025
4 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, 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 Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross 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
$4,195,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,980,000
6.5%
$3,675,000
7%
$3,410,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,760,000
Current use
Blend value · Realmo final
$4.59M
Range $4.13M – $5.05M · ±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
$141 / 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
$171,779
Tax year 2024
Assessed value
$5,368,080
Assessed 2024
Previous assessed
$1,560,000
+244.1% YoY
Effective rate
3.20%
On assessed value
Assessed land
$498,680
Assessed improvement
$4,869,400
Land market value
$1,246,700
Improvement market value
$12,173,500
Total market value
$13,420,200
Applied tax rate
9.0000
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
STORAGE YARD, OPEN STORAGE
Status
For Lease
Year built
1979
Heating
YES
Cooling
NONE
Buildings
4
Stories
1
Total area
32,528 SF
Lot
6.36 ac (277,042 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6256 088
UPID
US22-0920064
Jurisdiction
GWINNETT
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Zoning M1-LIGHT INDUSTRY · permitted uses
M1-LIGHT INDUSTRY · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.8M
WAREHOUSE, STORAGE Current
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
1979
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
6.36 ac
Current owner
From public records · entity-resolved
B9 Tau Bobcat Ga Owner LLC
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2025
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
Aug 8, 2025
—
B9 Tau Bobcat Ga Owner LLC
B9 Atl Norcross Owner LLC
Deed
$375,000,064 · Natixis Real Estate Capital
Jul 22, 2025
—
B9 Atl Norcross Owner LLC
Bx 2022 Mvrk Mortgage Trust Commerc
Quitclaim Deed
related
—
Mar 18, 2022
—
B9 Atl Norcross Owner LLC
—
Deed
related
$900,000,000 · Barclays Capital Real Estate
Sep 16, 2021
$10,500,000
B9 Atl Norcross Owner LLC
Norcross Grp LLP
Limited Warranty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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