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Property profile & analytics
OFF-MARKET
Estimated value
$33,380,000
Distribution centers
Riverside Pkwy, Villa Rica, GA 30180
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-1277792
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Construction
CONCRETE
Total area
448,314 SF
Lot
32.13 ac (1,399,583 SF)
Zoning code
DCD
APN
0180-01-5- -00003
UPID
US22-1277792
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
$36.54M
Blend (final)
Blend
$33.38M
Owner & transaction history
Mre Propco LP · 1 yrs held
Mre Propco LP
since 2024
3 recorded transactions
Zoning & alternative use
DCD · Villa Rica, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$55.2M
+36.6%
Neighborhood: shopping center
$51.9M
+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 Villa Rica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Villa Rica 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
by Request
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
$40,395,000
Current use
AUTO REPAIR, GARAGE
$55,180,000
Change: +37% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$51,870,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$33.38M
Range $30.04M – $36.72M · ±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
$74 / 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
$448,808
Tax year 2024
Assessed value
$10,798,520
Assessed 2024
Previous assessed
$10,798,520
+0.0% YoY
Effective rate
4.16%
On assessed value
Assessed land
$771,120
Assessed improvement
$10,027,400
Land market value
$1,927,800
Improvement market value
$25,068,500
Total market value
$26,996,300
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
2004
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
448,314 SF
Lot
32.13 ac (1,399,583 SF)
Zoning code
DCD
APN
0180-01-5- -00003
UPID
US22-1277792
Jurisdiction
DOUGLAS
Zoning & alternative use
DCD · Villa Rica, GA
Zoning DCD · permitted uses
DCD · Villa Rica, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Villa Rica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$40.4M
AUTO REPAIR, GARAGE
Est. value
$55.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$51.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
32.13 ac
Current owner
From public records · entity-resolved
Mre Propco LP
Entity
Free & Clear · 1 yrs held
Mailing address
9101 RIVERSIDE PKWY, LITHIA SPRINGS, GA 30122-3869
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2024
—
Mre Propco LP
Med Trust 2021 Mdln
Quit Claim Deed
related
—
Oct 21, 2021
—
Mre Propco LP
Development Authority Of Douglas Co
Warranty Deed
$147,480,064 · Goldman Sachs Bank USA
Sep 15, 2004
$13,225,300
Medline Industries INC
Carter New Manchester Bldg Two
Grant Deed
related
—
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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