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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Strip malls
104 Carrington Park Dr Gainesville, GA 30504-6603
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1312394
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Total area
11,662 SF
Lot
2.41 ac (104,980 SF)
Zoning code
G-B
APN
01-115 -003-026
UPID
US22-1312394
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
-
Plato's Closet Gainesville Clothing & Fashion Store
-
Lakeside Family Medicine DNP Foroogh Narmani Physician
-
SBRUS 2 Accounting Firm
-
Labor Finders Gainesville Georgia Employment Agency
-
Sweet Sugaring By Chey Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.34M
Owner & transaction history
Mth Commercial LLC · 11 yrs held
Mth Commercial LLC
since 2015
7 recorded transactions
Zoning & alternative use
G-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+22.9%
Office building
$1.9M
+5.9%
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 Gainesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gainesville 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
NEIGHBORHOOD: SHOPPING CENTER
$1,805,000
Current use
AUTO REPAIR, GARAGE
$2,220,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$1,915,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$1,750,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±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
$115 / 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
$17,067
Tax year 2024
Assessed value
$595,960
Assessed 2024
Previous assessed
$595,960
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$167,793
Assessed improvement
$428,167
Land market value
$419,482
Improvement market value
$1,070,418
Total market value
$1,489,900
Applied tax rate
4.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Heating
YES
Cooling
CENTRAL
Total area
11,662 SF
Lot
2.41 ac (104,980 SF)
Zoning code
G-B
APN
01-115 -003-026
UPID
US22-1312394
Jurisdiction
HALL
Zoning & alternative use
G-B · Gainesville, GA
Zoning G-B · permitted uses
G-B · Gainesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gainesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
2001
Heating
YES
Cooling
Yes
Lot
2.41 ac
Current owner
From public records · entity-resolved
Mth Commercial LLC
Entity
Mailing address
64 LAUREL TRL N STE F, DAWSONVILLE, GA 30534-5742
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2021
—
Mth Commercial LLC
—
Deed
related
$250,000 · Small Business Access Partners
May 27, 2015
$750,000
Mth Commercial LLC
Decatur Properties V INC
Grant Deed
—
May 27, 2015
—
Mth Commercial LLC
Decatur Properties V INC
Quit Claim Deed
related
$515,900 · Keyworth Bk
Jan 6, 2014
—
Decatur Properties V INC
Gaines Group LLP
Deed In Lieu Of Foreclosure
related
—
Jan 3, 2005
$1,565,000
Gaines Group LLP
Horizon Partners INC
Grant Deed
—
—
—
Mth Commercial LLC
—
Deed Of Trust
related
$423,000 · Private Individual
—
—
Mth Commercial LLC
—
Deed Of Trust
related
—
—
—
Gaines Group LLP
—
Deed Of Trust
related
$1,092,662 · Security Exchange Bank
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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