Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Retail space
106 Spg SW St Gainesville, GA 30501-3745
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0992747
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Total area
60,062 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C-B
APN
01-006 -001-002
UPID
US22-0992747
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
-
Gainesville parking Parking Lot & Garage
-
TaqueriaTsunami Restaurant
-
Kilwins Gainesville Specialty Food Shop Candy Store
-
Cotto Modern Italian Restaurant
-
Onward Reserve Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
106 Spring LLC · 5 yrs held
106 Spring LLC
since 2020
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
C-B · Gainesville, 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 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
$1,180,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10% · vs last sale $1.28M (Sep 8 2020)
Last sale anchor
$1.28M
Sep 8 2020
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
$20 / 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
$203,545
Tax year 2024
Assessed value
$7,107,400
Assessed 2024
Previous assessed
$5,050,200
+40.7% YoY
Effective rate
2.86%
On assessed value
Assessed land
$620,240
Assessed improvement
$6,487,160
Land market value
$1,550,600
Improvement market value
$16,217,900
Total market value
$17,768,500
Applied tax rate
10.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2021
Heating
NONE
Total area
60,062 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C-B
APN
01-006 -001-002
UPID
US22-0992747
Jurisdiction
HALL
Zoning & alternative use
C-B · Gainesville, GA
Zoning C-B · permitted uses
C-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.
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Lot
0.51 ac
Current owner
From public records · entity-resolved
106 Spring LLC
Entity
Free & Clear · 5 yrs held
Mailing address
411 PEACHTREE BATTLE AVE NW, ATLANTA, GA 30305-4032
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2020
—
106 Spring LLC
Gainesville Renaissance LLP
Quit Claim Deed
—
Jul 15, 2020
—
City Of Gainesville
Gainesville Renaissance LLP
Quit Claim Deed
related
—
Jun 20, 2019
$1,275,000
Gainesville Renaissance LLP
Carter Family Properties LP
Grant Deed
—
Jun 20, 2019
—
Gainesville Renaissance LLP
Carter Family Properties LP
Quit Claim Deed
related
—
—
—
Carter Family Properties LP
—
Deed Of Trust
related
$700,814 · United Community Bank
—
—
Carter Family Properties LP
—
Deed Of Trust
related
$150,000 · United Community 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.
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?”
You own 106 Spg SW St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
