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Property profile & analytics
OFF-MARKET
Estimated value
$4,310,000
Medical Office Space
120 Lee St Forsyth, GA 31029-2122
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-2123851
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
CONCRETE
Total area
37,507 SF
Lot
6.17 ac (268,765 SF)
Zoning code
1
APN
F25-005C
UPID
US22-2123851
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
-
Atrium Health Navicent Imaging Monroe Medical Clinic
-
Atrium Health Navicent Women’s Care OB/GYN Medical Clinic
-
Platinum Pro Garage & Gate Building Supply General Contractor
-
Skin Care Physicians of Georgia - Forsyth Physician Medical Clinic
-
American Renal Associates - Dialysis Center of Forsyth Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.31M
Owner & transaction history
N Lee Street Partners LLC · 4 yrs held
N Lee Street Partners LLC
since 2022
3 recorded transactions
Zoning & alternative use
1 · Forsyth, 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 Forsyth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forsyth 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
OFFICE BUILDING
$4,580,000
Change: 0% · Conversion: Easy
RESTAURANT
$4,250,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$3,410,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.31M
Range $3.88M – $4.74M · ±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 2023Property tax & assessments
Tax year 2023
Tax billed
$69,717
Tax year 2023
Assessed value
$2,288,356
Assessed 2023
Previous assessed
$2,288,356
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$370,200
Assessed improvement
$1,918,156
Land market value
$925,500
Improvement market value
$4,795,390
Total market value
$5,720,890
Applied tax rate
2.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
37,507 SF
Lot
6.17 ac (268,765 SF)
Zoning code
1
APN
F25-005C
UPID
US22-2123851
Jurisdiction
MONROE
Zoning & alternative use
1 · Forsyth, GA
Zoning 1 · permitted uses
1 · Forsyth, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forsyth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.6M
RESTAURANT
Est. value
$4.3M
RETAIL STORES
Est. value
$3.4M
OFFICE BUILDING
RESTAURANT
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
1986
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
6.17 ac
Current owner
From public records · entity-resolved
N Lee Street Partners LLC
Entity
Free & Clear · 4 yrs held
Mailing address
770 HEMLOCK ST STE A, MACON, GA 31201-2187
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 15, 2022
$1,000,000
N Lee Street Partners LLC
Central Georgia Medical Properties
Warranty Deed
—
Sep 21, 2010
—
Central,georgia Medical Proper
Brandenburg,forsyth Limite
Grant Deed
—
Sep 21, 2010
$1,775,000
Central,georgia Medical Proper
Brandenburg,forsyth Limted
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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