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Property profile & analytics
OFF-MARKET
Estimated value
$47,895,000
Distribution centers
Bang Blvd Lithia Springs, GA 30122
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1032873
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
CONCRETE
Total area
603,952 SF
Lot
37.71 ac (1,642,648 SF)
Zoning code
IL
APN
0673-18-2- -00007
UPID
US22-1032873
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$49.26M
Blend (final)
Blend
$47.90M
Owner & transaction history
Jho Ga 1 Investment LLC · 3 yrs held
Jho Ga 1 Investment LLC
since 2023
7 recorded transactions
Zoning & alternative use
IL · Lithia Springs, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$74.3M
+36.6%
Neighborhood: shopping center
$69.9M
+28.4%
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
Method
Estimation
Statistic approach
$60,850,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$54,415,000
Current use
AUTO REPAIR, GARAGE
$74,335,000
Change: +37% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$69,875,000
Change: +28% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$53,940,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$47.90M
Range $43.11M – $52.68M · ±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
$79 / 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
$578,088
Tax year 2024
Assessed value
$13,909,040
Assessed 2024
Previous assessed
$13,909,040
+0.0% YoY
Effective rate
4.16%
On assessed value
Assessed land
$829,640
Assessed improvement
$13,079,400
Land market value
$2,074,100
Improvement market value
$32,698,500
Total market value
$34,772,600
Applied tax rate
3.0000
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
2007
Construction
CONCRETE
Heating
YES
Buildings
2
Stories
1
Bathrooms
1
Total area
603,952 SF
Lot
37.71 ac (1,642,648 SF)
Zoning code
IL
APN
0673-18-2- -00007
UPID
US22-1032873
Jurisdiction
DOUGLAS
Zoning & alternative use
IL · Lithia Springs, GAZoning IL · permitted uses
IL · Lithia Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$54.4M
AUTO REPAIR, GARAGE
Est. value
$74.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$69.9M
INDUSTRIAL (GENERAL)
Est. value
$53.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2007
Construction
CONCRETE
Heating
YES
Stories
1
Buildings
2
Bathrooms
1
Lot
37.71 ac
Current owner
From public records · entity-resolved
Jho Ga 1 Investment LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1600 N PARK DR, WESTON, FL 33326-3278
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Mar 20, 2023
—
Jho Ga 1 Investment LLC
Development Authority Of City Of Do
Warranty Deed
—
Mar 20, 2023
$87,500,000
Zoetis LLC
Jho Ga 1 LLC
Warranty Deed
—
May 4, 2021
—
Development Authority The City
Jho Ga-1 Investment LLC
Grant Deed
related
—
Sep 18, 2020
$41,000,000
Jho Ga-1 Investment LLC
Lithia Springs LLC
Grant Deed
—
Mar 13, 2018
$23,750,000
Lithia Springs LLC
Bedford Systems LLC
Grant Deed
$18,000,000 · Ladder Cap Fin
Dec 29, 2017
—
Bedford Systems LLC
Development Authority Of Dougl
Grant Deed
—
Jun 25, 2014
$22,050,000
Development Authority Of Douglas
Centerpoint Properties Trust
Grant Deed
—
Jul 7, 2008
$21,825,000
Centerpoint Properties Trust
Fr Of Cal Terminus LLC
Grant Deed
related
—
Jul 1, 2008
$21,825,000
Centerpoint Properties Trust
Fr Cal Terminus LLC
Grant Deed
—
Jun 22, 2006
$2,805,000
Fr & Cal Terminus LLC
First Industrial Dev
Grant 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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