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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Medical Office Space
11 Charlie Morris Rd, Colbert, GA 30628-2445
Entity Owned
19-yr Hold
Free & Clear
Property ID
US22-3587386
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Total area
9,044 SF
Lot
5.55 ac (241,758 SF)
Zoning code
B
APN
0059 005 01
UPID
US22-3587386
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
-
Karen Frank Pediatrician Physician
-
Kelly Montgomery, MD Pediatrician Medical Clinic
-
Mrs. Nora Blankenship Foster Care Service Social Service Agency
-
Jordan Hoffman Foster Care Service Social Service Agency
-
Jeremy Bagge Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.06M
Owner & transaction history
Medlink Georgia INC · 19 yrs held
Medlink Georgia INC
since 2006
4 recorded transactions
Zoning & alternative use
B · Colbert, 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 Colbert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colbert 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
COMMERCIAL (GENERAL)
$1,335,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$1,135,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,035,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$845,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$675,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$117 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,552
Tax year 2023
Assessed value
$509,436
Assessed 2023
Previous assessed
$485,436
+4.9% YoY
Effective rate
3.05%
On assessed value
Assessed land
$61,100
Assessed improvement
$448,336
Land market value
$152,750
Improvement market value
$1,120,841
Total market value
$1,273,591
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Heating
CENTRAL
Cooling
CENTRAL
Total area
9,044 SF
Lot
5.55 ac (241,758 SF)
Zoning code
B
APN
0059 005 01
UPID
US22-3587386
Jurisdiction
MADISON
Zoning & alternative use
B · Colbert, GA
Zoning B · permitted uses
B · Colbert, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colbert. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$845,000
WAREHOUSE, STORAGE
Est. value
$675,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2018
Heating
CENTRAL
Cooling
Yes
Lot
5.55 ac
Current owner
From public records · entity-resolved
Medlink Georgia INC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 459, COLBERT, GA 30628-0459
Ownership since
2006
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
May 29, 2019
—
Medlink Georgia INC
—
Deed
related
$2,085,000 · United States Of America
Sep 4, 2018
—
Medlink Georgia INC
—
Deed
related
$1,827,500 · South State Bank
Jan 11, 2018
—
Medlink Georgia INC
—
Deed
related
$2,234,100 · South State Bank
Sep 29, 2006
$1,600,000
Medlink Georgia INC
Athns Regional Medical Cen
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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